The Board of Indian Oil Corporation in its meeting held on 28 March 2018 has accorded approval for the following:
1. Augmentation of Kandla LPG Import Terminal from 0.6 MMTPA to 2.5 MMTPA at an estimated cost of Rs 588 crore.
2. Laying of 30' crude oil pipeline in Haldia-Barauni Section of Paradip-Haldia- Barauni pipeline and conversion of existing 18" product pipeline and gas pipeline at an estimated cost of Rs 3217 crore.
3. Augmentation of Mathura-Tundla Product Pipeline and its extension for hook-up with Barauni Kanpur Pipeline at Gawria T-point by laying Tundla -Gawria pipeline at an estimated cost of Rs 686 crore.
4. Project for production of 100% BS-VI at Gujarat Refinery at an estimated cost of Rs 3380 crore.
5. Acquisition of minority stake (4%) in the LanzaTech New Zealand amounting to USD 20 million through its wholly owned subsidiary in Singapore, IOCL Singapore.