State-owned refiner Indian Oil Corporation (IOC) on Wednesday said it will invest Rs 61,077 crore in building a petrochemical complex at Paradip — its largest-ever investment at a single location — as it doubles down on its transition plan.
In a statement, the IOC said its board has given “Stage-1 approval for setting up Paradip petrochemical complex at Paradip at an estimated cost of Rs 61,077 crore.
“This mega project will be the largest-ever investment of Indian Oil at a single location”.
