In order to ramp up the refining capacity, Indian Oil Corporation Ltd. (IOCL) has recently started part of its 15 million tonnes per annum (mtpa) paradip refinery. It is expected that it will be fully in FY17 and operational benefits will be seen in FY18. Currently IOCL has six refineries with a total capacity of 54.20 million tonnes. It also has subsidiary refineries with 11.50 million tonnes capacity. Paradip has taken its refining capacity to 80.7 million tonnes. Paradip refinery will enable IOCL to process low-cost and...