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Paradip Refinery to boost IOC net by 20-30%; GRM by $6-7/barrel

Paradip Refinery to boost IOC net by 20-30%; GRM by $6-7/barrel

The Paradip Refinery of Indian Oil, which is set to be dedicated to the nation on February 7, will massively boost the bottomline of the largest oil marketeer to the tune of 20-30 percent, thanks to the latest technologies deployed at the facility that's coming up after a delay of 14 long years.

Exhibition on IOC's Paradip refinery kicks off

Exhibition on IOC's Paradip refinery kicks off

An exhibition on the Indian Oil's 11th refinery at Paradip opened here Sunday, displaying the execution of the Rs 35,000-crore project with 15-MMTPA capacity using world-class state-of-the-art technology.

IOC begins petrol production from Rs 34,555-crore Paradip refinery

IOC begins petrol production from Rs 34,555-crore Paradip refinery

The commissioning of the refinery comes after 14 years, owing to many flip-flops by the Naveen Patanik government on incentives, withdrawal of its foreign partner Kuwait Petroleum and stiff frequent opposition from locals, state politicians and NGOs apart from two killer cyclones.

IOC sends first consignment from Paradip oil refinery

IOC sends first consignment from Paradip oil refinery

State-owned Indian Oil Corp (IOC) Tuesday said it has started commercial production of fuel from its Rs 34,555 crore Paradip oil refinery in Odisha, sending out first consignment of diesel and LPG.

Paradip plant to be major petrochem feedstock supplier: IOC

Paradip plant to be major petrochem feedstock supplier: IOC

The upcoming refinery of state-run Indian Oil Corporation (IOC) at Paradip would be a major producer of feedstock for the downstream petrochemicals industry, a top official of the company said.

Deep depression may trigger rain in Odisha, fishermen asked to be cautious

A deep depression over the Bay of Bengal is likely to trigger rain or thundershower coupled with gusty surface winds in some parts of Odisha.

Paradip Refinery commercial commissioning very soon: IOCL

Optimistic about the commercial commissioning of its Rs 35,000 crore refinery project at Paradip in Odisha "very very soon," the IOCL Tuesday said the entire world is looking at the project because of its volume and uniqueness.

Govt approves Rs 1,438-cr project for Paradip Port

The government Wednesday approved a Rs 1,439-crore project for mechanisation of three berths at Paradip port on public private partnership (PPP) basis.

Gadkari launches projects worth Rs 269 crore in Paradip Port Trust

 Union Minister Nitin Gadkari on Friday inaugurated projects worth Rs 269 crore at Paradip Port here, and said a super speciality hospital will be set up in the port town, while a medical college is under consideration.

IOC's Paradip refinery's up and running

Commissioning its Rs 34,555-crore Paradip oil refinery in Odisha, state-owned Indian Oil Corporation (IOC) Monday said it will start full-fledged production by the end of the year.

IOC starts up 300,000 bpd Paradip refinery: Sources

Output from the $5.2 billion Paradip refinery will compete with rising supplies of fuels from new and expanded plants in the Middle East and China, putting pressure on the profit margins of Asian refiners.

Centre rejects Odisha's request, for auction route for Posco

The Centre has rejected the Odisha government's request to consider its recommendation of granting prospecting license (PL) over Khandadhar iron ore reserve in favour of Posco India which proposed to set up a Rs 52,000 crore steel facility near Paradip.

Posco's mining linkage issue in Centre's court: Odisha

With uncertainty prevailing over Posco's Rs 52,000-crore mega steel project near Paradip, Odisha government says the ball is in the Centre's court with regard to raw material linkage for the South Korean firm.

GAIL drops plan to set up LNG terminal at Paradip

GAIL India, the nation's largest natural gas distributor, has dropped plans to set up a Rs 3,108 crore floating LNG import terminal at Paradip in Odisha.

Indian Oil Corp to invest Rs 5,300 cr in LPG import facility

Indian Oil Corporation (IOC), the nation's largest oil firm, Monday said it will invest Rs 5,300 crore in setting up an LPG import facility at Paradip in Odisha and laying pipelines.

Odisha govt optimistic about Posco project

The Odisha government is still "optimistic" about setting up of Posco's proposed mega steel facility near Paradip at an investment of Rs 52,000 crore even as the South Korean steel major's project is delayed by about a decade.

Indian Coast Guard launches coastal security awareness drive

The Indian Coast Guard launched a coastal security awareness and medical campaign to commemorate its raising day.

Four charred to death in Odisha

Four members of a family were charred to death and several persons affected when a fire broke out in a thatched cluster that gutted around 55 structures early Sunday, police said.

Paradip fishing harbour jetty collapses posing erosion threat

A strategic portion of a jetty in Odisha`s largest fishing hub in the Paradip harbour has collapsed weeks after it faced the brunt of Cyclone Phailin, posing erosion threat to its vessel-berthing infrastructure.

Cyclone Phailin: 18 fishermen trapped in trawler return home

Eighteen 18 fishermen, who were trapped in a trawler near Paradip ahead of Cyclone Phailin, returned safely on Sunday.