BHUBANESWAR: Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Tuesday reviewed the progress of 25 major petroleum projects including the three under implementation in Odisha.
According to the review, Indian Oil Corporation Limited (IOCL) has spent Rs 346 crore during the current financial year on its 357-KTA Monoethylene Glycol (MEG) plant at Paradip Refinery. The project is estimated to cost Rs 5,654 crore. The project is seen as a key driver for the growing textiles industry in the region and will cater to the rising demand for polyester fibre.
