Construction of IOC's proposed petrochem complex in Paradip to begin in Apr...

Construction work for Indian Oil Corporation proposed petrochemicals complex in Orissa's port town of Paradip is slated to begin in April 2008. Work on the petrochemicals project is estimated to be completed by 2011-12 with a total investment outlay of Rs 26,000 crore. The project, foundation stone of which was laid by the then Prime Minister in July 2000, has suffered long delays.The work of laying a pipeline between Haldia and Paradip and leveling of the ground at Paradip was in progress and formal construction would begin in April.