Indian Oil Corporation (IOC) is reportedly aiming to commission the polypropylene facility, the first unit of its proposed petrochemical complex at Paradip, by June 2018. The unit to have a capacity of 700,000 tonnes per annum would offer feedstock for polymer units in the region.
The unit is estimated to cost Rs 3,150 crore. The company has already invested Rs 2,000 crore on the project and 71% construction work on the polypropylene unit has been completed.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
Company Name | CMP |
---|---|
Reliance Industries | 2954.55 |
Indian Oil Corp. | 170.30 |
BPCL | 626.80 |
HPCL | 536.25 |
MRPL | 215.15 |
View more.. |