# IndianOil approves Rs 3,681 crore specialty chemicals plant at Panipat

IndianOil's board has approved a Rs 3,681 crore plan to build India's first mega-scale maleic anhydride unit at its Panipat Refinery in Haryana, with a capacity of 120 kta of maleic anhydride and 20 kta of 1,4-butanediol.

- Type: New facility
- Announced: 2021-11-01
- Where: Panipat, Haryana, India
- Value: $495.0M (36.8B INR)
- Starts operating: May 2026
- Status: announced
- Capacity: 120 kta maleic anhydride, 20 kta 1,4-butanediol
- Products: maleic anhydride, tetrahydrofuran, 1,4-butanediol
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [IndianOil](https://endata.com/companies/4805.md)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/ioc-clears-rs-3861-crore-specialty-chemicals-plant-for-panipat-refinery/articleshow/87464166.cms), 2021-11-01: "These high-demand chemicals are mostly imported. The upcoming plant will reduce import dependence and save foreign exchange of about $150 million per year, thus strengthening the mission of Aatmanirbhar Bharat."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.