Tag: India: IOCL reviews INR 33000-cr Nagapattinam refinery project as petrochemicals gain investment priority

Company evaluating feasibility of developing standalone petrochemicals complex Petrochemicals complex could generate higher value addition, boost capital efficiency Indian Oil Corporation Ltd. (IOCL) is reassessing its proposed INR 33,023-crore, 9 million tonnes (mnt)/year greenfield refinery at Nagapattinam, Tamil Nadu, in a move that reflects a broader structural transformation in India’s downstream hydrocarbon sector. Rather than…