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VERIFIEDET Finance·neutral
Indian Oil reassesses ₹33,000 crore Tamil Nadu refinery, eyes petrochemicals complex
AI Summary
- ·Indian Oil Corp is reassessing its ₹33,000 crore Tamil Nadu refinery project due to economic viability concerns.
- ·The company is now exploring a standalone petrochemicals complex instead of the original refinery.
- ·Standalone petrochemicals complexes require lower investments and offer higher long-term returns.