Vadodara: The Indian Oil Corporation’s (IOC) Gujarat Refinery in Vadodara is making a significant investment of ₹24,000 crore to expand into the petrochemicals sector by launching two new units in 2025. As the energy sector in India rapidly evolves, IOC is preparing for a future with potentially reduced fuel demand. Executive Director and Refinery Head Biplob Biswas stated that diversifying into petrochemicals is essential for the corporation's long-term sustainability. The refinery already...Read More