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IOCL's Rs 31 billion Paradip unit to start production this month

The unit is being set up at an estimated cost Rs 31.5 billion

Indian Oil Corporation, IOCL, IOC
Indian Oil Corporation logo outside a fuel station in New Delhi. Photo: Reuters

Oil marketing major Indian Oil Corporation Ltd (IOCL) plans to start production from its polypropylene unit at Paradip by December end this year. “The 15 million tonne refinery is already producing diesel, petrol, kerosene etc. By December this year, production will start from the polypropylene unit. Keeping in mind the requirement , the capacity of the refinery will also be enhanced at Paradip”, Dharmendra Pradhan, Union minister of petroleum and natural gas told media persons on the sidelines of 19th National Conference on Corrosion Control. The conference is ...