IOC to expand Koylai refinery

Indian Oil Corporation (IOC) will invest about Rs. 8,000 crore to expand capacity at its Koyali oil refinery in Gujarat to 18 million tonnes per annum by 2016-17.

The3 million tonne refinery at Koyali in Gujarat was commissioned in 1965. Over the years, the capacity of the refinery, which later came to be known as Gujarat refinery, was gradually increased to 13.7 million tons per annum.