Vol 3, PW 13 (24 Jul 99) News in Brief

Indian Oil Corporation (IOC) has formally commissioned its diesel hydro de-sulphurisation unit (DHDS) at its Panipat refinery for the production of extra low sulphur diesel.

IOC said the DHDS unit - commissioned on 12 July - has a capacity to produce 700,000 tonnes per annum of extra low sulphur diesel. This is IOC's second commissioned DHDS unit.

The first was commissioned at its Gujarat refinery on 12 June. Two further DHDS units are scheduled to go on stream by the end of July.

IOCs board recently approved the construction of a 301-MW residue-driven power project in a joint venture with Mitsubishi at a cost of Rs1,605 crores ($382m) and a petrochemical complex for the production of paraxylene and PTA at a cost of Rs4,228 crores ($1bn).