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IOC gets nod to invest Rs 1,268 crore for setting up coker unit at Paradip refinery

02 Sep 2020 Evaluate

Indian Oil Corporation’s (IOC) board has approved an investment of Rs 1,268 crore for setting up a needle coker unit at the firm's Paradip refinery in Odisha. The proposed unit will have a Calcined Needle Coke (CNC) production capacity of 56 kilo tonnes per annum. The estimated project cost is Rs 1,268 crore.

With the production of CNC, the company shall enter this niche product segment for the first time. CNC is used to produce graphite electrodes for deployment in high temperature (2,800 degrees Centigrade) electric arc furnaces of steel industry.

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.

Indian Oil Corpn. Share Price

141.55 -0.15 (-0.11%)
03-Jul-2026 12:17 View Price Chart
Peers
Company Name CMP
Reliance Industries 1305.20
Indian Oil Corpn. 141.55
Bharat PetroleumCorp 309.60
HPCL 399.15
MRPL 149.95
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