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IOCL to set up naphtha cracker unit in Paradip, invest ₹61,000 crore

The New Indian Express Bhubaneswar

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December 25, 2024

INDIAN Oil Corporation Ltd (IOCL) will set up a naphtha cracker project with an investment of more than ₹61,000 crore at Paradip soon.

- EXPRESS NEWS SERVICE @Bhubaneswar

IOCL chairman Arvinder Singh Sahney informed this to Chief Minister Mohan Charan Majhi during a meeting at the Lok Seva Bhawan here on Tuesday.

He discussed the progress of various ongoing and upcoming projects of the public sector oil company in Odisha. It was decided that IOCL and the Odisha government will sign a memorandum of understanding (MoU) for the naphtha cracker project in January.

MEER VERHALEN VAN The New Indian Express Bhubaneswar

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