NEW DELHI: The Odisha government on Tuesday cleared a Haldia Petrochemicals proposal to invest Rs 28,700 crore for setting up an integrated refinery and petrochem facility in Balasore.
A panel led by chief minister Naveen Patnaik approved the proposal. Stateowned land will be allotted and fiscal concessions considered, said a state official said. “Haldia Petro has sought certain concessions. We are setting up a panel to examine it,” the official said.
The government, however, will not take any equity in the project.
