Kolkata, Jan 16 (IANS) State-owned Indian Oil Corporation (IOC) Friday said the closure of West Bengal's flagship industrial project Haldia Petrochemicals Ltd. (HPL), where it supplied around 50,000 tonnes of naphtha monthly, will have a minimal effect on it.
"We used to supply HPL around 50,000 MT of naphtha, the main feedstock of the plant. But its closure had minimal impact on us. It is not that our entire naphtha was only for HPL," IOC executive director Y.K. Gupta told reporters here.
"As HPL is not taking anymore naphtha, but whatever we are producing is being consumed by various others sources. We are now sending around 10,000 to 12,000 MT of naphtha per month to our refinery in Panipat and other sources," Gupta said.
Operations at HPL were suspended since July 7, following a technical snag in the naphtha cracker unit.
Gupta said IOC's Rs.34,500 crore Paradip refinery will be commissioned March-April this year.
"The Paradip refinery, based on petrochemical, is also coming up and we are hoping that it will be commissioned by March-April this year," he said.
"The country's fuel consumption grows annually by 5 percent and almost 83 percent of fuel demand is met from imports. Last year, we spent $160 billion on fuel imports. So, it is imperative that we conserve it," said Gupta.
Pariksha Pe Charcha 2024: While interacting with the children in the Pariksha Pe Charcha program,
Blast outside Somalia Education Ministry: 2 cars exploded, 100 killed; over 300 injured
An explosion took place outside the education ministry in Mogadishu, the capital of Somalia. So f
India will meet Rs.7 lakh Crore income tax target this Fiscal
Kolkata, March 2 (IANS) India will meet its projected target of collecting Rs.7 lakh crore in i
29th day of Azerbaijan Armenia conflict: a fierce battle erupted again
A fierce battle between Azerbaijan and Armenia once again took place on Sunday in Nagorno-Karabak
Sri Lanka understood China's move, said - Deal with Dragon fault, now India first policy
Sri Lanka, which has suffered extensively due to the trickery of China, has come to understand th
On the seventh day of the Commonwealth Games, the whole of India is expecting medals from the pla
More than 12 apps on Google like Pics how Momix and Popcorn Flix are stealing original content fr
McCullum voices support for out-of form Morgan
Wellington, Feb 19 (IANS) New Zealand cricket captain Brendon McCullum has voiced his support f
Salman rubbished reports of getting a Rs 1000 crore fee for Bigg Boss 16. This season will start
Delhi Police's hands are still empty against Aftab Amin Poonawal, accused in the murder case of l