Indian Oil Corp

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Indian Oil Plans Paradip Petrochemical Project

Indian Oil Corp has granted “stage-one” approval for establishing a petrochemical complex at Paradip, Odisha. The estimated cost for the project is $7.4 billion, making it the state-owned group’s largest-ever investment in a single location.

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Indian Oil Plans PX/PTA Complex

Indian state-owned oil and gas group Indian Oil Corp will build an integrated paraxylene (PX) and purified terephthalic acid (PTA) complex at Paradip in Odisha, India. Investment costs are estimated at 138 billion Indian rupees, or $1.8 billion.

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