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IOC gets MOEF nod for 14 pipeline plan from Paradip unit

05 Jul 2013 Evaluate

State-owned Indian Oil Corporation (IOC) has received approval from Ministry of Environment and Forests (MOEF) for its 14 pipeline plan from Paradip unit. The company sought Paradip refinery to post environment nod.

Recently, the company announced that it is likely to commission its refinery at Paradip by October this year. The company already achieved 93.20% progress in the said refinery. More than 500 engineers and officers of the company are toiling round the clock at the project site to complete the project as per the schedule.

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 Corp. Share Price

145.85 1.70 (1.18%)
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