Indian Oil to invest Rs 61,000 crore to build petchem complex in Odisha

Indian Oil is set to invest Rs 61,000 crore in Paradip, Odisha, to establish a major petrochemical complex. This marks the company's largest single-location investment, featuring a dual-feed cracker and downstream units for producing petrochemicals like Phenol and Polypropylene. The project is expected to boost Odisha's industrial growth and create employment opportunities, solidifying its position as a key energy hub.