Indian Oil's Mathura Refinery Gets Environmental Clearance To Broaden Unrefined Processing Capacity

INSUBCONTINENT EXCLUSIVE:
Shares of Indian Oil settled 3.74 per cent lower at Rs 120.95 apiece on the BSE.State-run oil refiner Indian Oil Corporation's Mathura
refinery has received the environmental clearance for projects to expand its crude processing capacity to 11 mmtpa
Currently, the Mathura Refinery has processing capacity of 8 mmtpa.Mathura Refinery head and executive director Asis Kumar Maiti told news
agency PTI that the refinery has been accorded environmental clearance for residue upgradation and distillate yield improvement project with
clearance on November 22, according to the executive director
The proposal is likely to generate both direct and indirect employment opportunities.Ever since its establishment, the Mathura Refinery has
The refinery has undertaken projects to upgrade its diesel and gasoline units to bring down the sulphur level by nearly 80 per cent,
dividend tranche to the government.On Friday, November 26, shares of Indian Oil settled 3.74 per cent lower at Rs 120.95 apiece on the BSE
Indian Oil shares opened at Rs 125.65, touching an intra day high of Rs 125.65 and an intra day low of Rs 120.50 throughout the trading
session.