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IOC restarts work on major refining projects

Indian Oil (IOC) has resumed works at various major refinery projects, expansion and upgrades, across the country following the ease of lockdown restrictions due to the COVID-19 pandemic on 30 April, including Paradip, Barauni and Bongaigaon.

The refiner said it remains on track to spend its approved capital budget for the 2020-21 fiscal year of 261.43 Bn rupees despite the pandemic and country-wide lockdown.