Indian Oil Corporation achieved overall capacity utilisation at 102 per cent

IndianOil refineries cross 100% capacity utilization

Indian Oil Corporation Ltd (IOC) refineries have achieved overall
capacity utilisation at 102 per cent during 2009-10. According to a
press release issued by the company here on Tuesday, "This is the
third consecutive year of crossing the 100 per cent capacity
utilisation mark despite planned revamp/shut downs for implementations
of quality up gradation projects in all the refineries.

Mr B.N. Bankapur, Director (Refineries) said IOC refineries have
processed 50.7 million tonne of crude in 2009-10.

He also said that in line with Auto Fuel Policy, the MS / HSD quality
improvement projects at Panipat, Mathura and Haldia refineries have
been completed to switch over to the production and supply of BS-IV
grade auto fuels. Implementation of quality improvement projects at
other refineries is in full swing and the projects are expected to be
completed by June 2010, he added.

Also for the first time, 'Sustainable Development has been included as
a parameter in the MoU signed by IndianOil with the Government. Under
the Clean Development Mechanism (COM) initiative, two projects at
Barauni and Gujarat Refineries registered with UNFCCC during 2009-10
have accrued earnings of 36154 Certified Emission Reductions (CERs).
Business Line, New Delhi, April 07, 2010