The Economic Times

Refined products exports may rise 25% on IOCL's bet: Rs 75,000 crore investment to add 17.3 MMTPA capacity across three units by year-end

Indian Oil Corporation's expansion will boost refining capacity by December 2026. This increase is expected to significantly raise India's petroleum product export share. The company's capacity will reach 98.05 million metric tonnes per annum. This expansion will strengthen India's position as a global refining hub. Increased exports will also boost the nation's foreign exchange earnings.