(PTI)
Indian Oil-owned Gujarat Refinery on the outskirts of Vadodara city will invest about Rs 24,174 crore on new projects and expansions in the next five years, a senior company official said today.
These include capacity expansion to 18 MMTPA, at a cost of Rs 15,034 crore, oxo-alcohol petrochemical project (Rs 4,157 crore), Linear Alkyl Benzamine (LAB) revamp project (Rs 288 crore), BS-IV (Rs 1,315 crore) and BS-VI (Rs 3,380 crore), Gujarat Refinery executive director, Sudhir Kumar told reporters here.
According to him, these will generate direct employment of about 200 persons and indirect employment to about 10,000 people at the peak phase of project executions.
