EnergyAug 3, 2026
IOC Rethinks ₹33,000 Cr Tamil Nadu Refinery; May Pivot to Petrochemical Complex
NeutralEnergy
Indian Oil Corp (IOC) is reconsidering its planned ₹33,000 crore, 9 MMTPA refinery project in Nagapattinam, Tamil Nadu. Citing evolving fuel demand dynamics, the state-run refiner is now evaluating the possibility of converting the project into a petrochemical complex instead. The potential pivot reflects a broader industry shift towards higher-value chemical products.
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