Project News Detail

Project No :200451
Project Title :Set Up Petrochemical Complex In Orissa.
Company Name : Indian Oil Corporation Limited
Project Detail :Indian Oil (IOCL) is to set up ‘Paradip Petrochemical Complex’ at Paradip, Odisha, at an estimated cost of Rs 61,077 crore. The (IOCL) Board has granted ‘Stage-I’ approval for the same. The Petrochemical Complex will comprise a cracker unit and downstream process units to enable the production of various petrochemical products

The world-scale mega project gains prominence as the largest-ever investment of IOCL at a single location. The Petrochemical Complex will enable production of niche chemicals and petrochemicals including poly propylene (PP), high density polyethylene (HDPE), linear low-density polyethylene (LLDPE), poly vinyl chloride (PVC) and phenol and iso-propyl alcohol

This project is expected to fuel catalytic growth of petroleum, chemicals and petrochemical investment regions (PCPIR) and ‘Plastic Park’ at Paradip. To aid its transition efforts, it will also significantly improve the petrochemical intensity index of IOCL

On commissioning, domestically available petrochemicals will provide feed and also strengthen industrial growth in downstream industrial segments such as plastic, pharma, agrochemical, personal care, paints and others. Moreover, this will lead to employment opportunities in Odisha and parts of eastern India

The mega project is aligned with the national vision of ‘Purvodaya’, which will accelerate development in Eastern India, while also advancing the ‘Aatmanirbhar Bharat’ initiative of self-reliance

Project Location : Paradip - Orissa - India
Project Industry :Other Machinery
Project Estimation :Refer Document
Status :Announced