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Bloomberg Quint

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Image Credit: Bloomberg Quint

Indian Oil To Invest Rs 61,000 Crore In Naphtha Cracker Project At Paradip

  • Indian Oil Corp. plans to invest Rs 61,000 crore in establishing a naphtha cracker project at Paradip, Odisha.
  • An MoU for the project will be signed between the Odisha government and IOCL during the 'Utkarsh Odisha—Make in Odisha 2025' summit in January.
  • IOCL will also lay the foundation stone for their Rs 4,352 crore yarn project at Bhadrak during the event.
  • The projects will create huge employment opportunities for the youth and boost the manufacturing sector in the state.

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