Odisha clears projects worth Rs 2 lakh crore
BHUBANESWAR: Odisha on Monday cleared investment proposals totalling Rs 2,04,069 crore, mostly in the petroleum sector.
Indian Oil Corporation Limited (IOCLNSE -0.93 %) will invest Rs 1,00,300 crore in expanding its Paradip refinery capacity from 15 million tonnes per annum (mtpa) to 25 mtpa and setting up a naphtha cracker unit.
The high level committee under Chief Minister Naveen Patnaik cleared IOCL’s proposal on Monday. IOCL will add 10 mt capacity to its Paradip refinery, and build a dual feed cracker unit of 3-4 mtpa which will be fed largely (80-90 per cent by Naphtha and 10-20 per cent Ethane), it will also be setting up a 1.3 mtpa petcoke gasification plant.
