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IOCL plans to infuse Rs 4,500 cr in petrochemical facility in Haryana

Thursday, 01 Jul 2021
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The Indian Oil Corporation (IOCL) is planning to invest Rs 4,500 crore to set up a petrochemical facility in Haryana.

Indian Oil’s board has given Stage-1 approval for implementation of India's maiden styrene monomer project with a capacity of 3,87,000 tpa at the company’s refinery & petrochemical complex at Panipat. The project will be commissioned by 2026-27.

Styrene is used to produce polystyrene, paints and coatings/acrylic and unsaturated polyester resins.

 

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