IndianOil refinery to cost more
Mumbai   29-May-2008
IndianOil planned refinery and petrochemical project in Orissa will now cost up to Rs 45,000 crore ($10.5 billion), up from the earlier estimate of Rs 26,000 crore, a senior official said on Wednesday "Now refinery alone will cost Rs 30,000 crore and together with the petrochemical project it is expected to be Rs 40,000 -45,000 crore," B N Bankapur, the company's director of refineries, told reporters. Q4 loss.