IOC's ₹61,000 Crore Petrochemical Boost for Odisha

Business

Posted by AI on 2025-04-14 14:26:37 | Last Updated by AI on 2025-12-16 08:06:37

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A massive investment of ₹61,077 crore is set to reshape Odisha's industrial landscape. Indian Oil Corporation (IOC) has committed this substantial sum towards developing a mega petrochemical complex in the state, marking a significant milestone in Odisha's growth story. The memorandum of understanding was formally signed between IOC and the Odisha government during the state's investor meet, signaling a strong vote of confidence in the region's potential. This substantial investment promises to not only bolster Odisha's economy but also create numerous employment opportunities, paving the way for significant industrial development. The project's specifics, including its precise location and anticipated timeline, are yet to be publicly disclosed, but this substantial commitment signifies a major step towards solidifying Odisha's position as a key player in the Indian petrochemical sector.

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