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Paradip Refinery Project

Company: Indian Oil Corpn. Ltd.
Ownership: Central Govt. - Commercial Enterprises
Project Location: Paradip, Distt. Cuttack, Orissa, India
Contact: R.K. Sabharwal / Exec. Director - Refineries  Secondary Contact: A.K. Arora / Director - Refineries

Project Status: Active  Project Type/Scale: New Unit
Industry: Refinery
Investment/Estimated Cost: Rs. 25,676.00 Crores / USD 6,419.00 Million
Saturday, April 1, 1995Date of announcement
Thursday, June 4, 1998PIB (Public Investment Board) approval received
Thursday, July 2, 1998CCEA (Cabinet Committee on Economic Affairs) approval received
Thursday, December 31, 1998Initial commissioning date
Tuesday, December 21, 1999Project bids awarded
Monday, January 31, 2000Foundation stone laid
Wednesday, May 24, 2000Foundation stone laid
Sunday, March 31, 2002Expenses incurred till 1 (Rs. 531.00 Crores)
Thursday, October 31, 2002Stalled upto
Monday, March 31, 2003Expenses incurred till 1 (Rs. 583.61 Crores)
Monday, February 16, 2004MoU signed
Sunday, February 22, 2004Stalled upto
Thursday, September 30, 2004Expenses incurred till 1 (Rs. 1,000.00 Crores)
Thursday, March 31, 2011Commercial production expected

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