IOC, GAIL sign agreement for cracker complex

October 31st, 2008 - 11:36 pm ICT by IANS  

New Delhi, Oct 31 (IANS) Indian Oil Corp. Ltd and GAIL (India) Ltd Friday signed a memorandum of understanding for setting up a cracker complex at Barauni, in Bihar.The agreement was signed by GAIL chairman U.D. Choubey and IOC chairman Sarthak Behuria.

As per the deal, a joint working committee shall be formed for undertaking techno-economic feasibility study of the project.

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