Indian government-owned Indian Oil Corporation will invest $7.11 billion in Odisha state to set up a naphtha cracker project at Paradip.
IOCL and the state government will sign an MoU regarding the project this month during the ‘Utkarsh Odisha Make in Odisha 2025’ summit.
The foundation stone for IOCL’s ₹4,352 crore (~$.53 billion) yarn project at Bhadrak in the state will also be laid then.Read More
