Indian Oil Corporation Ltd. (IOC) is planning to pump in around Rs.3,150 crore for setting up a polypropylene unit having a capacity of 0.7 mln tons in the Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) proposed at Paradip in Odhisha. Approval of the board for the polypropylene unit is likely to come by this month end or next month.
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