Indian Oil reassesses ₹33,000 crore Tamil Nadu refinery, eyes petrochemicals complex

Indian Oil Corp is reassessing its Tamil Nadu refinery project due to economic viability concerns. The company is now exploring a standalone petrochemicals complex instead of the original refinery. This shift reflects industry trends favoring integrated refining and petrochemical ventures. Standalone petrochemicals complexes require lower investments and offer higher long-term returns.

Raccontata daeconomictimes.indiatimes.com