IOCL’s board has accorded investment approval worth Rs 14.59 billion and Rs 72.82 billion for its a Poly Butadiene rubber (PBR) unit at the Panipat Refinery, and development of city gas distribution (CGD) networks in nine geographical areas allocated under the eleventh round of CGD bidding, respectively. The PBR project involves the construction of 60 kilotonnes per annum at the Panipat Refinery and Petrochemical Complex in Haryana.