Current Affairs - Business - Discussion

Indian Oil Corp will invest Rs 70,000 crore to raise its oil refining capacity by about a quarter by 2030. IOC will expand its refining capacity to 116.55 MTPA by 2030 from the current 80.7 MTPA. The investment planned by IOC also includes in upgradation of major units at existing refineries to help produce cleaner Euro-VI or BS-VI grade petrol & diesel by April 2020.