India’s top oil company IOC will invest Rs 61,077 crore in building a petrochemical complex at Paradip in Odisha – its largest ever investment at a single location – as it doubles down on its transition plan. In a statement, Indian Oil Corporation (IOC) said its board has given “Stage-1 approval for setting up Paradip petrochemical complex at Paradip, Odisha at an estimated cost of Rs 61,077 crore.”
