IOC to invest Rs 8,700 crores in Mathura refinery expansion project

Uttar Pradesh government today said Indian Oil Corporation will invest around Rs 8,700 crores in the Mathura refinery expansion project which would lead to speedy development of the Mathura-Agra region besides creating job opportunities.

IOC will invest Rs 8,700 crores for the Mathura refinery extension project under which the oil refining capacity would be enhanced from the existing 8 lakh metric tonnes to 11 lakh metric tonnes and it would provide employment opportunities to some 10 thousand youths, chief secretary Alok Ranjan said in a statement. This would be an important step in the direction of industrial development of the state, the chief secretary who chaired an important meeting in this connection here said. 

During the meeting, senior officials of the IOC said that a detailed proposal in this connection would be sent within a week.