Our Major Projects

Currently, the company is executing 170+ projects (costing more than Rs. 5 Cr) of varying scales with total project cost exceeding Rs 2.6 Lakh Crore. These are being implemented both independently and through joint ventures, span across the downstream, midstream, and renewable energy sectors, including initiatives in solar, wind, and biofuels.

IndianOil’s investments can broadly be categorized into two major areas:

A. Projects Strengthening CORE

• IndianOil is implementing capacity expansion projects in its refineries. These investments would strengthen IndianOil’s core business for self-sufficiency in refining capacity to meet demand.
• IndianOil also aims to enhance its Petrochemical Intensity Index (PII) from existing level of about 6.11% to 15% by 2030 currently. Accordingly, major investments are also being done in Petrochemical sector. Projects are being implemented with the triple objective of adding value to the conventional POL streams, taking advantage of the huge demand growth in the petrochemical sector and in alignment to “atmanirbharta” as import substitution. Some of the major projects are Integrated Para Xylene (PX) and Purified Terephthalic Acid (PTA) Project at Paradip Refinery, Poly Butadiene Rubber plant at Panipat & Textile Project at Bhadrak, Odisha etc.
• In addition to these PC projects, IndianOil is committed to building a Petrochemical Complex in Paradip with an investment of Rs. 61,077 crores.
• Commensurate to this, associated projects spend on creation of infrastructure in Pipeline and distribution network are also being made. We are executing projects to increase the network by over 2,000 km, including the New Mundra-Panipat Crude Oil Pipeline and the augmentation of Salaya-Mathura Crude Oil Pipeline System to meet the additional crude oil demand for its Refineries. We are implementing a transnational cross-border PoL pipeline to Nepal and are also evaluating proposals for similar projects with other neighbouring countries
• Additionally, our marketing network is expanding through modernization and development of retail outlets, along with establishment of greenfield and brownfield storage terminals / deports across the country. This has significantly improved IndianOil ‘s outreach to its customers across the country. As India moves steadily toward becoming a developed nation, its energy demand is projected to double by 2050, with oil continuing to play a pivotal role in the energy mix. As the industry leader, IndianOil is committed to sustaining its market leadership within this expanding landscape.
• We are also creating LPG infrastructure across the country to promote the use of safe cooking fuel. It not only provides a cleaner and more efficient cooking fuel but also significantly reduces indoor air pollution which is a major health hazard. This is in line with Government's vision of ensuring energy access and improving the quality of life for millions of households.
• Domestic Assets for Exploration and Production: IndianOil is investing in the exploration and development activities of under-exploration and under-development blocks to enhance its domestic exploration and production capabilities. IndianOil aims to expand its presence in upstream activities, with the objective of raising its current upstream integration rate from 5.3% to 10% by 2030.
• In addition to focusing on refining, we are developing a technology centre at our second R&D Campus in Faridabad. This technology centre will serve as a centre of excellence for research related to alternate energy and will play a significant role in achieving IndianOil's long-term sustainability goals.

B.Alternative Energy Projects

Apart from focusing on its core business, IndianOil is also actively focused on adopting greener technologies. To achieve this we are incorporating CBG, green hydrogen usage in our refineries, SAF to make growing aviation sector cleaner and substituting naphtha with gas. The company is also working to shift its captive load towards grid power and exploring alternative fuels. These initiatives are aimed at reducing emissions, minimizing environmental impact, and supporting the transition to a more sustainable and environmentally friendly energy landscape.

• To support the Government’s vision of increasing the share of natural gas in our energy mix from 6% to 15% by 2030, we are developing natural gas infrastructure. This includes construction of natural gas pipelines, infrastructure development for using natural gas in our refineries and expansion of City Gas Distribution (CGD) networks in 49 Geographical Areas allocated to IndianOil and its Joint Ventures. Our goal is to make natural gas available to households, commercial customers and CNG stations across every corner of the country.
• Ennore LNG Terminal Capacity Expansion: IndianOil is planning to expand the capacity of Ennore LNG Terminal from 5 MMTPA to 10 MMTPA to meet the growing demand for liquefied natural gas (LNG). This expansion aligns seamlessly with India's broader objective of transitioning towards a gas-based economy, a paradigm shift aimed at enhancing energy efficiency, reducing environmental impact, and diversifying the energy mix. LNG, as a cleaner and more environmentally friendly fuel, plays a pivotal role in this transformative journey.
• Biofuels: We aim at making existing fuel lines greener with biofuel blending be it ethanol or SAF-
  • Achieved 18% ethanol blending in petrol, aiming for 20% soon.
  • We are planning co-processing of non-edible oils in refineries to produce SAF and are also in the process of establishing a SAF plant based on Alcohol to Jet route.
  • Expanding Compressed Biogas (CBG) plants under the SATAT initiative. Plans to set up 30 additional Compressed Biogas (CBG) plants to boost sustainable fuel production.
• Green Hydrogen: We are looking to replace Grey Hydrogen with Green Hydrogen in our refineries starting with 10 KTPA Green Hydrogen project at Panipat. Under NGHM, tranche 1, refiners have been given a target to set-up Green Hydrogen capacity of 200 ktpa out of which IndianOil has been given the target of 80 ktpa.
• Renewable Energy: We are scaling up renewable energy capacity and have a target to reach 31 GW RE portfolio by 2030. We plan to achieve this through both organic & inorganic route. Our wholly owned subsidiary- Terra Clean Ltd., with its focus on solar, wind, hydro, EV infrastructure, green hydrogen, and bioenergy, will play a crucial role in our RE plans.
• Battery swapping, charging infrastructure and cell manufacturing are also our focus areas as we aim to keep our dominance in the mobility space intact in context of the energy transition. Over 10,000 charging stations already set up at our ROs (1/4th of our fuel station network). Battery swapping – IOCL has entered battery swapping business for 2/3 wheelers and small format commercial 4 wheelers.
• Battery manufacturing: Al-Air Battery- IOCL is working on commercializing Aluminium-Air Batteries for stationary and mobility usage in India. We are also in advanced discussion for setting-up of manufacturing plant for Li-ion battery cells.