· Manufacturing & Investment · Source: energy.economictimes.indiatimes.com

IOC rethinks ₹33,000 cr Tamil Nadu refinery

Indian Oil Corporation (IOC) is reassessing its proposed ₹33,000-crore greenfield refinery project in Tamil Nadu following concerns over its economic viability. The company is exploring an alternative plan to convert the proposed venture into a standalone petrochemicals complex. The review reflects IOC’s efforts to optimise investment returns and align the project with evolving market conditions and demand for petrochemical products.

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