Indian Oil Corporation (IndianOil) has signed Memorandum of Understanding (MoU) with the Government of Odisha to set up a world-class Petrochemical Complex at Paradip.
With an investment of Rs 61,077 crore, this marks IndianOil’s largest-ever investment at a single location and a transformative step in India's petrochemical and industrial growth. The upcoming complex will house a dual-feed cracker and associated downstream units for the production of wide range of petrochemicals including Phenol, Polypropylene (PP), Isopropyl Alcohol (IPA), High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE), Polyvinyl Chloride (PVC), Phenol, and Butadiene. These products will serve as key raw materials for specialty chemical sectors like pharmaceuticals, agrochemicals, coatings, and adhesives, significantly reducing import dependency and supporting the Aatmanirbhar Bharat and Make in India missions.
With this strategic investment, IndianOil continues to reinforce its position as a national energy leader committed to driving industrial transformation and inclusive growth, while strengthening energy security.
Indian Oil Corporation is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.
