Epic Research Update : Indian Oil Corporation

Indian Oil Corporation (IOC) is planning to invest Rs 3,150 crore for setting up a polypropylene unit in the Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) proposed at Paradip. The plant is likely to be commissioned by 2017. The polypropylene unit coming up at the petrochemical complex will be of 0.7 million tonne per annum capacity. IOC is the anchor tenant for the PCPIR project that is expected to pull investments worth Rs 2.74 lakh crore.

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