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Indian Oil plans ₹61,000 crore investment in Odisha for a naphtha cracker project, aiming to boost local economy.
Indian Oil Corporation (IOC) plans to invest ₹61,000 crore in a naphtha cracker project in Paradip, Odisha, with the state government set to be an equity holder.
The memorandum of understanding will be signed in January.
Additionally, a foundation stone for a ₹4,352 crore yarn project in Bhadrak will also be laid in January.
These projects aim to boost employment and economic growth in the region.
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Indian Oil planea invertir 61.000 coronas en Odisha para un proyecto de nafta cracker, con el objetivo de impulsar la economía local.