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IOC gets Orissa HC’s nod to draw water from Mahanadi River

28 Feb 2012 Evaluate

State-owned Indian Oil Corporation (IOC) has received green signal from Orissa High Court (HC) to draw water from Mahanadi River for its proposed oil refinery at Paradeep. The HC has asked IOC to draw river water after dredging the stretch of the riverbed from Naraj to Jobra, which is about 6 to 6.5 km and utilizing the removed sand in strengthening Ring Road surrounding Cuttack city.

Further, the company in its own cost shall demolish the old anicut at Jobra and set up a water treatment plant in Cuttack to meet the drinking water requirement of the city people.

The Indian Oil Group of companies owns and operates ten of India's 20 refineries with a combined refining capacity of 60.2 million metric tonnes per annum (MMTPA, .i.e. 1.2 million barrels per day). These include two refineries of subsidiary Chennai Petroleum Corporation.

Indian Oil Corp. Share Price

145.85 1.70 (1.18%)
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