IOC, BPCL, HPCL to raise refining capacity to 185.3 mt by FY17

Written by Press Trust of India | New Delhi | Updated: Jul 22 2014, 05:35am hrs
Public sector oil refiners IOC, BPCL and HPCL will jack up their refining capacity by 37% to 185.3 million tonne (mt) by 2016-17 by expanding existing units and commissioning a new plant at Paradip in Odisha.

State refiners currently own 19 refineries with a

total capacity of 135.066 mt. Indian Oil (IOC) is the market leader with 54.2 mt capacity at its seven refineries. It also controls Chennai Petroleum (CPCL) that operates 11.5 mt of capacity.

IOC will this year commission its 15 mt refinery at Paradip, oil minister Dharmendra Pradhan told the Lok Sabha on Monday.

"Presently, the project (being built at a cost of R29,777 crore) is in the last phase

of completion and has achieved 96.7% overall physical progress," he said in a written reply to a question.

Besides Paradip, Hindustan Petroleum Corp (HPCL) will expand its Mumbai refinery by 1.7 mt to 8.2 mt and its Visakhapatnam unit from 8.3 mt to 9 mt this fiscal.

Bharat Petroleum Corp (BPCL) will raise the capacity of its Mumbai unit by 1.5 mt to 13.5 mt and Bina to 7.2 mt from the current 6 mt.

CPCL will raise capacity of its Manali unit from 10.5 mt

to 11.1 mt, he said. Mangalore Refinery and Petrochemicals (MRPL) will expand refining capacity by 1 mt to 16 mt

this fiscal.

Besides public sector units, India also has three refineries in the private sector Reliance Industries 33 mt

domestic refinery and 29 mt only-for-export units and Essar Oil's 20 mt Vadinar plant.

By 2016-17, IOC will marginally raise its Haldia unit capacity to 8 mt from 7.5 mt currently while also expanding Mathura by 3 mt to 11 mt.

Pradhan said HPCL plans to expand its Visakhapatnam unit to 15 mt and BPCL will take capacity of its Kochi refinery to 15.5 mt from the current 9.5 mt.

BPCL would also raise capacity at its subsidiary Numaligarh Refinery to 8 mt from current 3 mt.

Besides, its Bina unit capacity will be raised to 9 mt. Mangalore refinery of MRPL will see expansion to 18 mt by 2016-17, he said.

"BPCL is augmenting its Kochi refining capacity from 9.5 mt per annum to 15.5 mt through Integrated Refinery Expansion Project, which also envisages modernisation of the refinery to produce BS-IV and V (Euro-IV and V) grade auto fuel, residue up-gradation unit to produce value-added products from heavy stream and production of propylene for proposed integrated petrochemical complex," he added.