IOCL approves revised project cost of Barauni refinery expansion

Indian Oil Corporation Limited (IOCL) approved the revised project cost of Rs 167.24 billion for the Barauni refinery expansion on April 30, 2025. IOCL is undertaking expansion of the Barauni refinery in Bihar from 6 million tonnes per annum (mtpa) to 9 mtpa, along with the installation of a downstream polypropylene unit.