The company’s existing infrastructure in the state suits its expansion plan.
State-run IndianOil Corpo-ration (IOC) may set up its next refinery, a 15 million tonnes per annum (mtpa) unit, on the western coast in Gujarat at an investment of Rs 30,000 crore.
According to a senior IOC official, the country's biggest oil refining and marketing company, which also had Maharashtra in mind, favoured Gujarat, given its crude oil and product pipeline infrastructure.