Union Minister Hardeep Singh Puri, speaking at the 28th Energy Technology Meet in Hyderabad, said India’s refining sector is on a strong growth path even as global refining capacity faces major cuts. India, currently the fourth-largest exporter of refined products worth $45 billion, aims to break into the global top three. The Minister highlighted that India’s refining capacity could rise from 258 to 310 million tonnes per annum by 2030 — and possibly up to 450 MTPA. With refineries integrating more with petrochemicals and exports expanding to over 50 countries, Puri said the sector is driving revenue, efficiency, and energy security for India.

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