Essar Group plans $4.9 bln petrochemical complex in Odisha

India’s Essar Group plans to set up a 400 billion rupee ($4.92 billion) petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement on Thursday.

The oil to petrochemical complex will have an annual capacity of 7.5 million tonnes, it said. It did not name its partner in the project.

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