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IOC to implement Ethylene Glycol Project at Paradip

30 Apr 2018 Evaluate

Indian Oil Corporation (IOC) has received an approval for implementation of 357 KTA Ethylene Glycol Project along with associated facilities at Paradip based on off-gas of the Fluid Catalytic Cracking Unit at an estimated cost of Rs 4,221 crore. The board of directors at its meeting held on April 26, 2018 has approved for the same.

The major application of Ethylene Glycol is in manufacture of polyster fibre, bottle grade chips and polyster grade chips. The project would help in meeting the growing domestic demand of Ethylene Glycol in the country.

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.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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