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Odisha Eyes ₹1.2L-Cr Petchem Projects To Reduce Imports
Financial Express Lucknow
|May 10, 2025
Odisha is expecting a ₹1.2 lakh crore ($14.1 billion) investment over the next 10 years to build a petrochemical hub near the Bay of Bengal, according to a senior government official.
Indian Oil, the country's largest refiner by capacity, will invest half of the amount in a naphtha cracker facility, which will help develop a new downstream market for secondary products such as agrochemicals and pharmaceuticals, said Hemant Sharma, additional chief secretary of the state's industries department.
This story is from the May 10, 2025 edition of Financial Express Lucknow.
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