IOCL to Invest ₹61,077 Crore in Paradip Petrochemical Complex
| Aspect | Details |
|---|---|
| Company | Indian Oil Corporation Ltd (IOCL) |
| Investment Amount | ₹61,077 crore (largest-ever single-location investment by IOCL) |
| Location | Paradip, Odisha |
| Project Components | - Dual-feed cracker for essential petrochemicals<br>- Downstream units for production of phenol, PP, IPA, HDPE, LLDPE, PVC, and butadiene |
| End Products | - Phenol: Plastics, adhesives, pharmaceuticals<br>- PP: Packaging, textiles, automotive<br>- IPA: Pharmaceuticals, cleaning products<br>- HDPE/LLDPE: Plastic containers, pipes<br>- PVC: Construction, electrical, medical<br>- Butadiene: Synthetic rubber, plastics |
| Impact | - Enhances petrochemical infrastructure<br>- Generates employment<br>- Promotes Paradip PCPIR development |
| Key Figures Present | - Odisha CM Mohan Charan Majhi<br>- Union Minister Hardeep Singh Puri<br>- Union Minister Dharmendra Pradhan<br>- Union Minister Jual Oram |
| Strategic Significance | - Paradip becomes an industrial hub<br>- Boosts India's global competitiveness<br>- Catalyzes industrial growth |