Haryana gives nod to IOC for acquisition of panchayat land for Panipat Refinery expansion PSU Watch
News Updates

Haryana gives nod to IOC for acquisition of panchayat land for Panipat Refinery expansion

The Haryana government has accorded approval to the acquisition of 349 acres of panchayat land by IOC for its Panipat Refinery expansion

PTI

Chandigarh: The Haryana government has accorded approval to the acquisition of 349 acres of panchayat land of three adjoining villages Asan Kalan, Khandra and Bal Jattan for the expansion of Indian Oil Corporation's (IOC) Panipat Refinery. The decision was taken in a meeting chaired by Chief Minister Manohar Lal Khattar here on Thursday, said an official statement.

IOC will acquire 140 acres of panchayat land

According to the statement, the IOC will acquire 140 acres of Asan Kalan village, 57 acres of Khandra and 152 acres of Bal Jattan village. In addition to the land cost, the refinery will separately pay Rs 10 lakh per acre for development works in the villages.

The state-owned oil behemoth has established its Panipat Refinery and Petrochemical Complex in Panipat in an area of more than 4,200 acres. The IOCL had requested the Haryana government for giving about 600 acres of land for the expansion of the refinery, out of which 349 acres of land have been made available by the government. Additional Chief Secretary, Development and Panchayat Department, Anil Malik, Principal Secretary to Chief Minister, V Umashankar, Director General, Development and Panchayat Department, DK Behera, Deputy Commissioner, Panipat, Virender Dahiya, representative of IOCL, Sarpanches of Asan Kalan and Khandra and Bal Jattan villages, were also present in the meeting.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Budget 2026–27: FM unveils multi-sector push covering manufacturing, logistics, tax reforms and healthcare

FM proposes incentives of Rs 100 crore for single bond issuance by municipal corporations

GAIL reports net profit of Rs 5,706 crore for nine months of FY'26

Leadership Transition at HSL: Cmde Girideep Singh, superannuates; Capt. Ganti Venkateswarlu assumes additional charge as C&MD

NALCO posts record Rs 1,601 crore net profit in Q3 FY26; nine-month profit touches all-time high of Rs 4,098 crore