IOCL to Invest Rs 610.77 Bn in Paradip Petrochemical Complex

11 Apr 2025 CW Team

Indian Oil Corporation (IOCL) has announced an investment of Rs 610.77 billion to set up a state-of-the-art petrochemical complex at Paradip, Odisha. This marks the company’s largest-ever investment at a single location and represents a significant step in IOCL’s strategy to expand its petrochemical footprint as part of its long-term transition plan.

The proposed complex has received Stage-1 approval from IOCL’s Board and will feature a world-scale cracker unit along with multiple downstream processing units. These units will produce essential petrochemical products including polypropylene (PP), high-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), and polyvinyl chloride (PVC). Additionally, it will manufacture specialised chemicals such as phenol and isopropyl alcohol, thereby strengthening India’s domestic production capacity in high-demand industrial materials.

The Paradip petrochemical project is designed to enhance IOCL’s petrochemical intensity—the percentage of crude oil converted into chemicals. Currently standing at 5–6 per cent, IOCL aims to increase this to 25 per cent, in line with capacities at its new facilities in Paradip and Panipat, which are already operating at 15–20 per cent.

This mega project is also expected to act as a catalyst for regional industrial development by providing a reliable domestic feedstock supply to sectors like plastics, pharmaceuticals, agrochemicals, personal care, and paints. Furthermore, it will support the growth of the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) and the Plastic Park at Paradip. The project is projected to generate substantial employment opportunities and contribute to the economic development of Eastern India.

News source: Projects Today

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..