Indian Oil conducting feasibility studies for petrochem complex in Odisha-IDCO seeks Govt nod to ink MoU

Indian Oil Corporation (IOC), is conducting feasibility studies to set up a petrochemical complex at Paradip in Odisha for Rs 20,000 crore. The petrochemical complex would be built in the vicinity of the company’s to-be-commissioned 15-mln tpa greenfield refinery at Paradip, which is likley to be ready in FY-16, as per The petrochemical complex would be in addition to the already announced Rs 3,150-crore polypropylene project at the same location, the foundation stone for which was laid by MOS for petroleum and natural gas. The state’s nodal agency for land acquisition and infrastructure development, Odisha Industrial Infrastructure Development Corporation (Idco) has sought approval from the state government to execute a memorandum of understanding (MoU) with IOCL.The pact’s objective is to chalk out a roadmap for development of a petrochemical complex at Paradip. The petrochemical complex, to be set up by IOCL, is a part of the PCPIR (petroleum, chemicals and petrochemicals investment region) hub.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha