Indian Oil Corporation (IOC) has received board approval to invest Rs 5,000 crore to expand capacity of its 12 mln ton Panipat refinery to 15 mln ton. The expansion that will be completed in three years will coincide with completion of the 2 mt naphtha cracker plant.
Total value of the petrochemicals project in Panipat is estimated at Rs 11,900 crore, almost double the previous estimate of Rs 6,300 crore. The naphtha plant will have a capacity to manufacture 800,000 tpa of ethylene, 575,000 tpa of propylene, 350,000 tpa of linear low-density polyethylene, 300,000 tpa of high-density polyethylene, 2 x 300,000 tpa of polypropylene and 250,000 ton monoethylene glycol.
11-Oct-06 
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