Indian Oil Corp aims to invest Rs.4000 Crore in upgrading its newest refinery in Odisha after the central government decided to bring forward by four years the introduction of road vehicle fuels which are compliant with Euro VI emission standards to April 2020, a senior company executive said on Sunday.

The 300,000 barrels per day refinery, which was commissioned last year, was designed to produce Euro IV and Euro V-compliant fuels. But the government^s decision to bring forward the introduction of Euro VI fuels to combat rising pollution in Asia^s third-largest economy requires installation of some new units and upgrades of existing ones.

http://economictimes.indiatimes.com/industry/energy/oil-gas/indian-oil-to-spend-600-million-on-paradip-refinery-upgrade/articleshow/50526480.cms

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