IOC to invest over Rs 1.3kcr in state in 2 yrs


IOC to invest over Rs 1.3kcr in state in 2 yrs

Maharatna Oil PSU Indian Oil will invest over Rs 1,300 crore in West Bengal in the next two years. The investments will be in various disciplines that include BS VI compliance of IOC’s Haldia refinery, unveiling diesel emission additives, new retail outlets, solar power modules, ethanol tankers and LPG bottling plant.

Pritish Bharat, executive director of Indian Oil, pointed out that from April 1, 2020, IOC will sell only BS VI-compliant fuel (both petrol and deisel) from all their outlets which will have a sulphur content of 10 PPM compared to 50PPM in BS-IV petrol. “First BS-VI fuel supply has already been made to West Bengal from IOC’s Mathura terminal,” he added.

According to Bharat, for BS IV deisel engines IOC has come out with diesel emission additive which once fitted with the engine will be compliant with BS VI norms and would be able to use BSVI diesel. Read  More

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