Business Standard

Paradip Refinery

Paradip Port to be developed into world-class port at cost of Rs 3,000 cr

Paradip Port in Odisha will be developed into a world-class modern port which will have capability to handle capesize vessels at a cost of Rs 3,004.63 crore. The project involves deepening and optimisation of inner harbour facilities including development of western dock on build, operate and transfer (BOT) basis under public-private partnership mode at the port, the Ministry of Ports, Shipping and Waterways said in a statement on Sunday. "One of those visionary initiatives is capital intensive project at Paradip Port which will transform the port into a world-class modern port which will have capability to handle capesize vessels... the estimated cost of the project is Rs 3,004.63 crore," it said. Capesize is the largest class of bulkship that can carry any type of cargo, such as iron ore and coal. Such vessels are called "capesize" as they cannot pass through the Panama Canal and have to go around the Cape of Good Hope to sail between the Pacific and Atlantic oceans. According to

Paradip Port to be developed into world-class port at cost of Rs 3,000 cr
Updated On : 29 May 2022 | 8:45 PM IST

BHEL receives order worth Rs 400 crore from Indian Oil Corporation

State-run engineering firm BHEL has bagged an order worth Rs 400 crore for setting up a sulphur recovery unit at Indian Oil's Paradip Refinery in Odisha. "Against stiff international competitive bidding (ICB), Bharat Heavy Electricals Limited (BHEL) has bagged a major order for a sulphur recovery unit from IOCL (Indian Oil Corporation Ltd)", a BHEL statement said. With this order, BHEL has made an entry into the downstream oil & gas process package business. According to statement, the package, valued at over Rs 400 crore, envisages setting up a 525 TPD (tonne per day) sulphur recovery unit at IOCL's Paradip Refinery in Odisha. Notably, the company's diversification strategy into non-coal based business areas has begun paying dividends and this is a milestone order for BHEL as part of its new growth areas initiative. With the execution of this order, BHEL will establish itself as an LSTK (lump sum turn key) player for process packages in the downstream oil & gas sector. BHEL's

BHEL receives order worth Rs 400 crore from Indian Oil Corporation
Updated On : 30 Mar 2021 | 5:04 PM IST

IOC to invest Rs 1,268 cr to set up coker unit at Paradip refinery

State-owned Indian Oil Corp (IOC) on Tuesday said its board has approved an investment of Rs 1,268 crore for setting up a needle coker unit at the firm's Paradip refinery in Odisha.

IOC to invest Rs 1,268 cr to set up coker unit at Paradip refinery
Updated On : 01 Sep 2020 | 8:10 PM IST

Indian Oil Corp to fully restart Odisha's Paradip refinery by Saturday

The refinery's maintenance shutdown has been extended by a few days due to shortage of laborers amid the Covid-19 pandemic

Indian Oil Corp to fully restart Odisha's Paradip refinery by Saturday
Updated On : 20 Aug 2020 | 5:35 PM IST

IOCL begins naphtha, diesel, jet fuel exports from Paradip refinery

PSU major eyes markets in neighbouring countries, Far East; aims at 100% capacity utilisation in FY20

IOCL begins naphtha, diesel, jet fuel exports from Paradip refinery
Updated On : 09 Feb 2019 | 10:24 PM IST

Indian Oil to expand Paradip refinery despite stand-off with Odisha

Firm to spend Rs 4,500 cr to roll out BS-VI petro products

Indian Oil to expand Paradip refinery despite stand-off with Odisha
Updated On : 07 Apr 2017 | 6:25 PM IST

IOC may take Odisha govt to court on Paradip refinery tax sops

The withdrawal of VAT exemption will cost Rs 2,000 crore to IOC this year

IOC may take Odisha govt to court on Paradip refinery tax sops
Updated On : 05 Mar 2017 | 12:47 PM IST