IOCL to Invest ₹61,077 Crore in Paradip Petrochemical Complex
| Aspect | Details |
|---|---|
| Company | Indian Oil Corporation Ltd (IOCL) |
| Investment Amount | ₹61,077 crore (largest-ever single-location investment by IOCL) |
| Location | Paradip, Odisha |
| Project Components | - Dual-feed cracker for essential petrochemicals- Downstream units for production of phenol, PP, IPA, HDPE, LLDPE, PVC, and butadiene |
| End Products | - Phenol: Plastics, adhesives, pharmaceuticals- PP: Packaging, textiles, automotive- IPA: Pharmaceuticals, cleaning products- HDPE/LLDPE: Plastic containers, pipes- PVC: Construction, electrical, medical- Butadiene: Synthetic rubber, plastics |
| Impact | - Enhances petrochemical infrastructure- Generates employment- Promotes Paradip PCPIR development |
| Key Figures Present | - Odisha CM Mohan Charan Majhi- Union Minister Hardeep Singh Puri- Union Minister Dharmendra Pradhan- Union Minister Jual Oram |
| Strategic Significance | - Paradip becomes an industrial hub- Boosts India's global competitiveness- Catalyzes industrial growth |