Indian Oil Corporation (IOC) is to consider a solo in the mega petrochemical hub in Panipat, though Kuwait's state-run oil companies were earlier offered stake in the proposed hub.
The PSU has a comfortable debt equity ratio of 0.6 and adequate level of reserve, and is hence confident of going solo with the investment of Rs 9,800 crores. This excludes the PTA complex recently commissioned at Panipat at Rs 4,600 crore that will produce 5.5 lakh tpa of PTA.
30-Jun-06 
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