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Indian Oil Corporation (IOC), the nation's largest oil firm, would invest Rs 740.2 crore in raising the capacity of its Digboi Refinery in Assam from 0.65 million tonne per annum to 1 million tonne per annum along with associated facilities at an estimated cost of Rs 740.2 crore. The project is expected to be commissioned by October 2025. The capacity expansion would improve the profitability of the Digboi Refinery.
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