Excelsior Correspondent
JAMMU, Apr 1: IndianOil Refineries have targeted to process 55-MMT crude during the new fiscal year 2015-16 and the state-of-the-art Paradip Refinery will be added to IndianOil group along with Guwahati, Barauni, Gujarat, Haldia, Mathura, Panipat, Digboi and Bongaigaon Refineries.
This was disclosed by Sanjiv Singh, Director (Refineries) of IndianOil while addressing the employees of the division at New Delhi.
Talking about the road map ahead, Singh said that Refineries will be having their share of opportunities to realize increase in GRM and overall profitability, while maintaining highest standards of customer satisfaction.
Refineries have to be ready. IndianOil will always have advantage of having cluster of Refineries to maintain supplies in all times.
IOCL refineries achieved crude output of 53.61 MMT during the year 2014-15 with a capacity utilization of 98.9% in spite of a few shut-downs for improvements. The refineries achieved best ever combined distillate yield of 78.9 wt% during the year.
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