Indian Oil to Invest INR 1003 billion in expanding the Paradip refinery.

One of the leading domestic producers, Indian Oil Corporation Limited has committed to invest INT 1003 billion to increase the Paradip refinery capacity from 15 million tonnes per annum (MTPA) to 25 MTPA and set up a dual-feed naphtha cracker unit in the complex and a 1.3 MTPA petcoke gasification unit. The proposed investment submitted to the government through the single window clearance system in July also consists of 1.4 MTPA ethylene unit, 0.65 MTPA propylene unit, 650 KTPA Poly Propylene and other related process units.