+
IOC to Expand in Bengal with Chemical Downstream Unit
ECONOMY & POLICY

IOC to Expand in Bengal with Chemical Downstream Unit

Indian Oil Corporation plans to establish a chemical downstream unit at Haldia in West Bengal, expanding its operations around the oil refinery in the port town. The company has sought 175 acres for the project, with the final design and scale dependent on the land made available.

The state government has arranged 85 acres through the Haldia Development Authority, while discussions are continuing with the port authority for the remaining land. The project proposal is expected to be placed before the Indian Oil Corporation board for consideration within six to eight months after the land requirement is resolved.

The plan was discussed during a visit to Kolkata by Indian Oil Corporation chairman Arvinder Singh Sahney, who was attending the curtain-raiser for India Energy Week 2027. Chief minister Suvendu Adhikari assured support for securing the additional land, while petroleum minister Hardeep Singh Puri praised the state government’s efforts and indicated that the board approval process was progressing.

Adhikari recalled that land had earlier been allotted to Indian Oil Corporation during his tenure as chairman of the Haldia Development Authority for a delayed cracker project involving more than Rs. 22 bn. He said the project had since become a profitable business for the company.

The Haldia refinery has an installed capacity of 8 mn t and was commissioned in 1975. Its operations have been affected by the low river draught, which makes it difficult for the company to receive large crude carriers and increases operating costs. A downstream chemical facility producing value-added products would be less exposed to those shipping constraints. Puri said oil companies were investing Rs. 176 bn in projects, with a further Rs. 15 bn at the planning stage.

Indian Oil Corporation plans to establish a chemical downstream unit at Haldia in West Bengal, expanding its operations around the oil refinery in the port town. The company has sought 175 acres for the project, with the final design and scale dependent on the land made available. The state government has arranged 85 acres through the Haldia Development Authority, while discussions are continuing with the port authority for the remaining land. The project proposal is expected to be placed before the Indian Oil Corporation board for consideration within six to eight months after the land requirement is resolved. The plan was discussed during a visit to Kolkata by Indian Oil Corporation chairman Arvinder Singh Sahney, who was attending the curtain-raiser for India Energy Week 2027. Chief minister Suvendu Adhikari assured support for securing the additional land, while petroleum minister Hardeep Singh Puri praised the state government’s efforts and indicated that the board approval process was progressing. Adhikari recalled that land had earlier been allotted to Indian Oil Corporation during his tenure as chairman of the Haldia Development Authority for a delayed cracker project involving more than Rs. 22 bn. He said the project had since become a profitable business for the company. The Haldia refinery has an installed capacity of 8 mn t and was commissioned in 1975. Its operations have been affected by the low river draught, which makes it difficult for the company to receive large crude carriers and increases operating costs. A downstream chemical facility producing value-added products would be less exposed to those shipping constraints. Puri said oil companies were investing Rs. 176 bn in projects, with a further Rs. 15 bn at the planning stage.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Madhya Pradesh Plans Airport Every 150 Km, Airstrip Every 75 Km

The Madhya Pradesh government plans to establish an airport every 150 km, an airstrip every 75 km and a helipad every 45 km, according to the state aviation department. Airports being developed in Ujjain and Shivpuri are expected to take the state’s airport count to 10. The government stated that Madhya Pradesh currently has eight airports in eight cities. The locations named by the department include Indore, Bhopal, Jabalpur, Gwalior, Khajuraho, Rewa and Satna. The state also has more than 20 airstrips and 220 helipads, while permanent helipads are planned in all 230 Assembly constituencies..

Next Story
Infrastructure Transport

West Bengal Plans Four Airports for 2028 Completion Under UDAN

West Bengal will develop four new airports under an agreement signed between the Union Civil Aviation Ministry and the state government, with all facilities targeted for completion by 2028. Union Civil Aviation Minister K Rammohan Naidu said the airports would be located at Charra in Purulia, Kalaikunda in Paschim Medinipur, Balurghat in Dakshin Dinajpur and Hasimara in Alipurduar. The project is part of the Centre’s regional connectivity UDAN programme. The Union government has committed Rs. 290 bn for West Bengal’s aviation sector over the next decade, while the state government will pro..

Next Story
Infrastructure Transport

Mumbai Airport Bars Russian Airlines as Agent Seeks Ministry Intervention

Mumbai airport has stopped accepting cargo booked on Russian flag carrier Aeroflot, disrupting shipments and prompting the airline’s cargo sales agent, Delmos Aviation, to seek intervention from the Ministry of Civil Aviation. The restrictions also affect cargo booked on Volga-Dnepr Airlines, according to a letter submitted by Delmos Aviation to the ministry on September 30. Aeroflot operates daily flights between Moscow and Delhi and runs a winter seasonal service to Goa. Bonded cargo from Mumbai and other cities is transported by road to Delhi before being flown to Russia. The agent said t..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code