India's leading and public sector petroleum company Indian Oil Corporation is planning to invest Rs 740 crore to increase the capacity of Digboi Refinery. Public sector petroleum company ie Indian Oil Corporation (IOC) will invest more than Rs 740 crore to increase the capacity of the country's oldest oil refinery at Digboi in Assam.
IOC has informed in a communication sent to the stock exchanges that its board of directors has approved the expansion of Digboi oil refining capacity from 6.5 lakh tonnes per annum to one million tonnes at an estimated cost of Rs 740.20 crore. Giving information, the company has said that, "This project is expected to be commissioned by October, 2025. Capacity expansion will also improve the profitability of Digboi Refinery.” It is worth noting that Digboi Refinery was commissioned on December 11, 1901. It is one of the oldest refinery in India.
Digboi, a small village in India's remote northeast corner, is where the Oil Industry in India was founded. Digboi Refinery was commissioned on 11 December 1901 and is India's oldest operating refinery. It is also one of the oldest operating refineries worldwide. Digboi Refinery, which dates back to 1911, has been called the "Gangotri" of the Indian Hydrocarbon Sector. "