+
Projects worth over Rs 110 billion launched in Paradip
PORTS & SHIPPING

Projects worth over Rs 110 billion launched in Paradip

Mega projects of Indian Oil (IOCL) and Paradip Port Trust (PPT) worth over Rs 110 billion have been reportedly unveiled at Paradip in Odisha. Along with that, the state-of-the-art 15-MMTPA refinery of IOCL is expected to be upgraded with the inauguration of a Polypropylene (PP) plant built at an investment of Rs 31.5 billion.

With many other projects in the pipeline, the 680-KTA PP plant at Paradip Refinery is expected to increase IOCL’s petrochemicals capacity to 3.15 MMTPA. Besides, it is also said to reduce import of PP grades, thereby saving foreign exchange for the exchequer. The plant will be reportedly act as a mother unit.

Also, foundation stone was reportedly laid for 357-KTA Monoethylene Glycol (MEG) Plant at Paradip Refinery, which will be set up at an estimated cost of Rs 56.54 billion. Ethylene Glycol is extensively used in the manufacture of items like polyester fibre, bottle and film grade chips, solvents, coolant, textiles, packaging, PET film, sheet and molded containers for food packaging, which have a sustained industrial demand. The project is expected to boost the growing textiles industry in the region, thus catering to the rising demand for polyester fibre. Also with the textiles park proposed at Bhadrak, a huge opportunity for supplying raw material to downstream textile units is expected to occur.

That said, nearly Rs 20 billion will be reportedly invested in downstream units, thus generating large scale employment. Work is expected to commence on IOCL's LPG Import Terminal. In order to augment LPG import infrastructure at Paradip, IOCL will be reportedly setting up a new 0.6-MMTPA capacity LPG Import Terminal at an estimated cost of Rs 6.90 billion.

The multi-purpose berth, which is to be developed for handling clean cargo, is also set to be launched. The capacity of the terminal is 5 MMTPA and the estimated cost of the project is Rs 4.30 billion. Besides, a dust suppression system at a cost of Rs 175 million is also expected also be launched in the mechanised coal handling plant.

Other than that, foundation stones have been reportedly laid for several projects, including mechanisation of berths to enhance their capacity to 30 MMTPA, enabling cargo handling of thermal coal exports in an eco-friendly manner through closed conveyor system, at a cost of Rs 14.37 billion. A multi-modal logistics park is also expected to be developed an estimated cost of Rs 2 billion over an area of 100 acre in Paradip.

Mega projects of Indian Oil (IOCL) and Paradip Port Trust (PPT) worth over Rs 110 billion have been reportedly unveiled at Paradip in Odisha. Along with that, the state-of-the-art 15-MMTPA refinery of IOCL is expected to be upgraded with the inauguration of a Polypropylene (PP) plant built at an investment of Rs 31.5 billion. With many other projects in the pipeline, the 680-KTA PP plant at Paradip Refinery is expected to increase IOCL’s petrochemicals capacity to 3.15 MMTPA. Besides, it is also said to reduce import of PP grades, thereby saving foreign exchange for the exchequer. The plant will be reportedly act as a mother unit. Also, foundation stone was reportedly laid for 357-KTA Monoethylene Glycol (MEG) Plant at Paradip Refinery, which will be set up at an estimated cost of Rs 56.54 billion. Ethylene Glycol is extensively used in the manufacture of items like polyester fibre, bottle and film grade chips, solvents, coolant, textiles, packaging, PET film, sheet and molded containers for food packaging, which have a sustained industrial demand. The project is expected to boost the growing textiles industry in the region, thus catering to the rising demand for polyester fibre. Also with the textiles park proposed at Bhadrak, a huge opportunity for supplying raw material to downstream textile units is expected to occur. That said, nearly Rs 20 billion will be reportedly invested in downstream units, thus generating large scale employment. Work is expected to commence on IOCL's LPG Import Terminal. In order to augment LPG import infrastructure at Paradip, IOCL will be reportedly setting up a new 0.6-MMTPA capacity LPG Import Terminal at an estimated cost of Rs 6.90 billion. The multi-purpose berth, which is to be developed for handling clean cargo, is also set to be launched. The capacity of the terminal is 5 MMTPA and the estimated cost of the project is Rs 4.30 billion. Besides, a dust suppression system at a cost of Rs 175 million is also expected also be launched in the mechanised coal handling plant. Other than that, foundation stones have been reportedly laid for several projects, including mechanisation of berths to enhance their capacity to 30 MMTPA, enabling cargo handling of thermal coal exports in an eco-friendly manner through closed conveyor system, at a cost of Rs 14.37 billion. A multi-modal logistics park is also expected to be developed an estimated cost of Rs 2 billion over an area of 100 acre in Paradip.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?