Indian Oil Corporation Limited — Important, 30-04-2025: Updates

Indian Oil Corporation has announced a board meeting focusing on expanding its Barauni Refinery in Bihar. The project cost has been revised from ₹13,779 Cr to ₹16,724 Cr, largely due to increased costs in plant and machinery. This upward revision may impact the company's financials, but it is expected to significantly enhance future production capacity.