Tag: India: IOCL builds on Rs 43359 crore Paradip investment with Rs 13805 crore PX-PTA expansion

Rs 13,805 crore PTA project cuts import dependence 16.35 mnt refinery throughput supports downstream growth Textiles, SAF investments expand industrial ecosystem Indian Oil Corporation Ltd.’s (IOCL) cumulative investment of Rs 43,359 crore at Paradip marks a significant shift in India’s refining strategy from conventional fuel production towards integrated petrochemicals and downstream manufacturing. Beyond expanding refining…