{"id":564824,"date":"2023-03-23T10:45:17","date_gmt":"2023-03-23T05:15:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=564824"},"modified":"2023-03-23T10:45:17","modified_gmt":"2023-03-23T05:15:17","slug":"ioc-board-clears-rs-61077-crore-petrochem-complex-in-odisha","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-board-clears-rs-61077-crore-petrochem-complex-in-odisha\/","title":{"rendered":"IOC board clears Rs 61,077 crore petrochem complex in Odisha"},"content":{"rendered":"<p>NEW DELHI: The IndianOil board has cleared the way for building a petrochemical complex at Paradip in Odisha at an estimated cost of Rs 61,077 crore, marking the largest-ever investment by the state-run company at a single location.<\/p>\n<p>The move flows from the post-pandemic thinking among refiners who are focusing on raising the share of high-value intermediaries in their production portfolio as a hedge against disruption in sales of traditional fuels and a decline in their future demand in the emerging low-carbon energy ecosystem.<\/p>\n<p>\u201cThe mega project is aligned with prime minister Narendra Modi\u2019s vision of \u2018Purvodaya (rising east)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The IndianOil board has cleared the way for building a petrochemical complex at Paradip in Odisha at an estimated cost of Rs 61,077 crore, marking the largest-ever investment by the state-run company at a single location. The move flows from the post-pandemic thinking among refiners who are focusing on raising the share of high-value intermediaries in their production portfolio as a hedge against disruption in sales of traditional fuels and a decline in their future demand in the emerging low-carbon energy ecosystem. \u201cThe mega project is aligned with prime minister Narendra Modi\u2019s vision of \u2018Purvodaya (rising east)<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-564824","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/564824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=564824"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/564824\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=564824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=564824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=564824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}