India to boost crude oil refining capacity by 35-40 MT by Fiscal 2030: Crisil Ratings

India's oil marketing companies are set to increase the country's crude oil refining capacity by 35-40 million tonnes by fiscal 2030, reaching a total of 295 million tonnes. This expansion, driven by rising domestic oil consumption, will require an investment of Rs 1.9-2.2 lakh crore. Most additions will be brownfield expansions, reducing project risks and ensuring steady returns.
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