Indian Oil Corporation will invest 610 billion rupees ($7 billion) to establish a naphtha cracker project in Paradip in the eastern state of Odisha, the state government said on Tuesday. India's top refiner is expected to sign an initial agreement with the state government in January,

Indian Oil Corporation (IOC) shares are expected to attract attention on Monday following the approval of a significant investment by its board. The state-owned company has greenlit the establishment of a yarn project in Bhadrak,

The setting up of the yarn project is approved to be done in a 50:50 Joint Venture (JV) with MCPI Pvt. Ltd. The Oil India's equity contribution of towards the project stands at Rs 657.33 crore

Indian Oil Corporation Ltd. (IOCL) has decided to invest in a new yarn manufacturing project in Bhadrak, Odisha. This is one of the first joint venture agreements between IOCL with MCPI Private Ltd in equity split 50:50.

Indian Oil Corporation will invest 610 billion rupees ($7 billion) to establish a naphtha cracker project in Paradip in the eastern state of Odisha, the state government said on Tuesday.

Indian Oil Corporation Ltd. (IOCL) will set up a Rs.61,000 crore Naphtha Cracker Project in Paradip in January.