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.
Taliban is trying to throw dust in the eyes of the world by promising to give women their rights.
The man who killed Paul Pelosi, the husband of US Parliament Speaker Nancy Pelosi, has been ident
With the beginning of the new month, many new changes are also seen. Many rules are changed and m
Infinix Zero 5G Features: Smartphone maker Infinix has launched its new and first 5G smartphone Z
Coronavirus (COVID-19) updates: First positive case in Chhattisgarh; numbers soar to 169 in India
कोरोनावायरस (COVID-19) à¤à¤¾à¤°à¤¤ नवीनतम समाचार à
Bihu Festival 2023 Date: Today i.e. on 14 April 2023, the Bihu festival is being celebrated. This
Tuesday has proved to be auspicious for the residents of Uttar Pradesh. There is relief news for
Obama, Modi bring mutual chemistry, action to business ties
New Delhi, Jan 26 (IANS) India and the US Monday sought to give a new momentum to their busines
A strange incident happened during the hearing of Bollywood actress Juhi Chawla's petition challe
Foiled 11 Infiltration bids last month, says BSF
Jammu, Feb 1 (IANS) Alert troopers of the Border Security Force (BSF) last month foiled 11 infi