Paradip project payback period extended
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OIL & GAS

Paradip project payback period extended

01 Feb 2016 1 Min Read Editorial Team
Indian Oil Corporation´s most ambitious refinery at Paradip in Odisha is ready for commissioning after a 14-year delay that led to cost overruns and stretched the payback period for the Rs 34,555-crore project. The time required for the amount invested in the refinery to be repaid by the net cash outflow generated is now pegged at 14 years as against eight set earlier after costs increased and crude prices declined.

Indian Oil Corporation´s most ambitious refinery at Paradip in Odisha is ready for commissioning after a 14-year delay that led to cost overruns and stretched the payback period for the Rs 34,555-crore project. The time required for the amount invested in the refinery to be repaid by the net cash outflow generated is now pegged at 14 years as against eight set earlier after costs increased and crude prices declined.

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