IOCL's Mega Project: Unveiling Odisha as India's Next Petrochemical Powerhouse

Indian Oil Corporation (IOCL) is set to revolutionize Odisha's petrochemical sector with its ambitious dual feed cracker project. The company's chairman has confirmed that the project will be completed within 4-5 years and will cost over 610 billion rupees. IOCL has signed an initial pact with the Odisha state government to build this mega facility, which is expected to significantly enhance the state's industrial ecosystem.

This strategic initiative aligns with IOCL's broader vision to expand its petrochemical capabilities and contribute to Odisha's economic growth.

 

Source: Business Standard, New Indian Express, Indian Chemical News.