Big Bet on Capacity: IOCL’s Rs 37,000 Cr Panipat Expansion Nears Finish Line With over 83%… – IOC gameplan ahead, 3 Jun 2025

Total capex planned for FY2025–26 is USD 3.37 billion, plus USD 0.58 billion for small projects. That is a big number by any yardstick. Get an update on what is planned, and also ongoing projects, project spending and completion dates

Here is a synopsis

Big Bet on Capacity: IOCL’s Rs 37,000 Cr Panipat Expansion Nears Finish Line With over 83% progress, India’s largest refinery expansion is on track for commissioning by December 2025.

Petchem Push: Gujarat Refinery Gears Up for Lube and Chemical Integration A near Rs 18,600 crore upgrade positions IOCL for higher margins through vertical integration.

Refinery Core Revamp: Barauni Races to Add 3 MMTPA by 2026 East India’s capacity boost nears 85% completion, strengthening the logistics backbone.

Pipeline Power: IOCL’s Mundra–Panipat Crude Corridor at Final Stretch The critical crude link for Panipat’s expanded throughput is over 77% ready.

GREEN ENERGY TRANSITION

Green Arm Deployed: IOCL Floats Terra Clean for 5.3 GW Renewables The PSU’s decarbonization mission gets a dedicated vehicle to hit its 31 GW target by 2030.

Charging Ahead: 10,000 Battery Swap Stations in JV with Sun Mobility With 128 swaps already operational, IOCL scales up its EV infra game across urban India.

Hydrogen Firsts: IOCL Unveils Fuel Cell Buses and Nation’s 1st H? Pump Panipat becomes the epicentre of IOCL’s green hydrogen rollout.

Biofuel Blitz: 4 MMT Ethanol and 1 MMT CBG by 2030 in Pipeline SAF unit with Lanzajet and 30 IndiGreen CBG plants mark the transition from oil to organics.

NTPC–IOCL Tie-up Powers 650 MW Green Supply for Core Ops Round-the-clock renewables will now energize India’s largest fuel supplier.

Petchem’s Green Turn: Paradip PTA Project to Feed India’s Polyester Play Near 89% complete, this project strengthens IOCL’s chemical backbone with downstream feedstock security.