IDCO appointed nodal agency for Paradip PCPIR planned with outlay of Rs 274134 Cr

06-Aug-10

IDCO has been appointed as the nodal agency of the Paradip PCPIR, planned over 284 sq km in Jagatsinghpur and Kendrapara district with an estimated investment of Rs 274134 Cr. The land acquisition process is being executed by IDCO. Oil major Indian Oil Corporation Limited will be the anchor tenant of the project with a 15 mln tpa grassroot refinery-cum-petrochemical complex at an investment of Rs 29,777 Cr. The Project is expected to be commissioned by March 2012.