Indian state-run refiners sign MOU for proposed megarefinery

Public-sector refining firms Indian Oil Corp. Ltd. (IOC), Bharat Petroleum Corp. Ltd. (BPC), and Hindustan Petroleum Corp. Ltd. (HPC) have formed a consortium to pursue a previously announced plan to jointly develop a grassroots 60 million-tonne/year integrated refining and petrochemical complex in India’s Maharashtra state.


Source: News