BANGALORE, INDIA--September 30, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Indian Oil Corporation Limited (BOM:530965) (IOC) (New Delhi), India's largest state-run petroleum products retailer, is awaiting government clearance to go ahead with expansion plans for its refinery at Mathura. Concerns have been raised by environmental protection groups about the impact of the expansion on the Taj Mahal, one of India's most revered historical monuments. IOC's Mathura refinery in the state of Uttar Pradesh is located just 25 miles from the Taj Mahal. Environmentalists argue that the sulfur-dioxide emissions have already caused damage to the 17th-century monument, and the expansion of the refinery will only make it worse. The Ministry of Environment and Forests has yet to give a green light for the project.
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