IOCL to pick up stake in Paradip Plastic Park

摘要

Indian Oil Corporation Ltd (IOCL) is likely to pick up equity in the special purpose vehicle (SPV) formed by the state government controlled Odisha Industrial Infrastructure Development Corporation (Idco) for the Plastic Park project proposed at Paradip. The plastic park is proposed over 120 acres of land. IOCL will join Idco as an equity partner bringing in its wake huge financial strength and domain expertise in petrochemicals.