IOC sets ₹40k cr to expand refining capacity 
India's largest oil processor, Indian Oil Corporation, will invest ₹40,000 crore to expand its refining capacity by almost 30% by 2022, a senior official said. Amid 'rising fuel demand', the company aims to increase its capacity to about 104 million metric tons a year. Currently, IOC is working with other refiners on a 60 MT-a-year refinery on the west coast. 