IOCL has a refinery at Paradeep. See details at https://en.wikipedia.org/wiki/Paradip_Refinery .
The latest news is that IOCL has received in principle approval to set up a petro-chemical complex with an investment of Rs 61,077 crores ($7.5 billion appx.) near this refinery. Following are some excerpts from
https://sambadenglish.com/iocl-approves-...nvestment/
The latest news is that IOCL has received in principle approval to set up a petro-chemical complex with an investment of Rs 61,077 crores ($7.5 billion appx.) near this refinery. Following are some excerpts from
https://sambadenglish.com/iocl-approves-...nvestment/
Quote:“We thank the Government of Odisha for the incentive package for this project that will produce vital petrochemical products like PVC, Phenol, IPA and Polymers. It will vitalise key downstream industries like plastic, pharma, agrochemical, personal care, paints, etc. and support Aatmanirbhar Bharat,” the corporation said in a statement.