IOC Details Investment in PP Project As Part of Proposed Paradip PCPIR

摘要

New Delhi— Indian Oil Corp. (IOC), the anchor tenant for the Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) proposed at Paradip, India, plans to invest Rs 3,150 crore to build a polypropylene (PP) plant at the site. The plant, for which IOC board approval is anticipated by the end of April, will have 700,000 t/y of PP capacity and is expected to begin production in 2017, according to local media reports citing Sidhartha Mitra, IOC's executive director for petrochemicals.