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IIndian Oil Corporation Ltd
despatched the first truck carrying
a consignment of a polypropylene
grade from the gates of its
state-of-the-art petrochemical
complex at Panipat, Haryana.
Speaking on the occasion,
B.M. Bansal, Chairman, IndianOil,
said, "With the completion
of our petrochemical complex
in Panipat, we have crossed
a major milestone in our aspiration
to emerge as an integrated
and diversified company. It is
perhaps our biggest investment
at one location."
The world-class naphtha
cracker at Panipat, built at a cost
of Rs 14,400 crore, is the largest
operating cracker capacity in
India and the naphtha feed for
the unit is being sourced internally
from IndianOil's Koyali,
Panipat and Mathura refineries.
The naphtha cracker comprises
the following downstream
units: Polypropylene (capacity:
600 KT); high-density polyethylene
(dedicated capacity: 300
KT) and linear low-density
polyethylene (350 KT swing
unit with HDPE); and monoethylene
glycol plant (capacity:
325 KT).
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