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IOCL approves largest ever investment for Paradip Petrochemical Complex, aligning with PM Modi's vision for Eastern India

by Psu Connect
Date: 22-03-23
Ministry of Petroleum and Natural Gas

IndianOil Board accorded Stage-I approval to set up Paradip Petrochemical Complex at a cost of Rs 61,077 Crore.

New Delhi- IndianOil Board accorded Stage-I approval to set up Paradip Petrochemical Complex at a cost of Rs 61,077 Crore.This is IOCL's largest-ever investment at a single location & aligns with Hon'ble PM Shri Narendra Modi's vision of Purvodaya for fueling prosperity in Eastern India. IOCL thanked the Govt of Odisha for the incentive package for this project that will produce vital petchem products like PVC, Phenol, IPA & Polymers.

It will vitalize key downstream industries like plastic, pharma, agrochemical, personal care, paints, etc, and support Aatma nirbhar Bharat.

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