Indian Oil to invest Rs. 2850 Cr in Coker Unit in Haldia Refinery

Kolkata Indian Oil plans to set up a coker project at its Haldia refinery with an investment of Rs 2,850 crore.

The proposal may be placed for board approval this month.

The delayed coker unit would replace production of black oil (also known as furnace oil) and parts of naphtha by petroleum coke, thereby enhancing the distillate yield and gross refining margin of the refinery.

The company would seek board approval for the project as early as in August.

Indian Oil has already identified Foster Wheeler as the technology licensor. The draft tender document for inviting project management consultancy is ready and will be floated soon after availing the board approval.