Indian Oil to invest Rs 61,000 crore in naphtha cracker project in OdishaThe refiner is expected to sign an initial agreement with the state government in January, the Odisha chief minister's office said in a statement.
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Indian Oil Corporation Limited Logo.
Credit: DH File Photo
Bhubaneswar: Indian Oil Corporation will invest Rs 61,000 crore to establish a naphtha cracker project in Paradip in the eastern state of Odisha, the state government said on Tuesday.
The refiner is expected to sign an initial agreement with the state government in January, the Odisha chief minister's office said in a statement.
IOC operates a refinery in Paradip with a capacity of 300,000 barrels per day.