Indian Oil Corporation (IOCL), the nation’s largest fuel retailer, has announced an ambitious investment plan of ₹1.66 lakh crore over the next five years. The strategy focuses on strengthening refining, petrochemicals, natural gas, and renewable energy operations, while advancing India’s energy transition goals.
Expanding Refining Capacity
Chairman Arvinder Singh Sahney highlighted that refining capacity will rise from 80.75 million tons to 98.4 million tonnes per annum by 2028. The growth will be driven by major expansions at Panipat, Gujarat, and Barauni refineries, reinforcing IOCL’s leadership in India’s downstream sector.
Petrochemical Push: Tripling Capacity by 2030
IOCL plans to scale its petrochemicals output from 4.3 million tons to 13 million tons by 2030. The focus will be on specialty chemicals, reducing dependency on imports and enhancing India’s chemical manufacturing capabilities.
Pipeline Infrastructure Expansion
The company is also strengthening its pipeline network, expanding from 20,000 km to 22,000 km through 21 ongoing projects, including new facilities in Nepal. The expansion will boost energy connectivity and supply chain efficiency.
Accelerating the Green Energy Transition
On the sustainability front, IOCL has earmarked ₹2.5 lakh crore for green initiatives to achieve
net-zero operational emissions by 2046. Key initiatives include:
*Green hydrogen production
*Sustainable aviation fuel (SAF) development
*Renewable power capacity expansion from 1 GW to 18 GW within three years
Investing in Future Mobility and Infrastructure
To support the clean energy transition, IOCL is rolling out:
*EV charging and battery swapping stations
*LNG and CNG fueling infrastructure
*Non-fuel retail businesses
*Coastal infrastructure projects to strengthen logistics and exports
Driving India’s Energy Security and Sustainability
As reported by projectstoday.com, with this multi-pronged investment strategy, IOCL aims to secure energy for India while leading the shift toward sustainable and low-carbon solutions. These initiatives will not only enhance domestic capacity but also align with global energy transition trends.
