IndianOil has signed an MoU with the Odisha government to establish a ₹61,077 crore (~$7.09 billion) petrochemical complex in Paradip—its largest-ever single-location investment.
The project will include a dual-feed cracker and downstream units to produce key petrochemicals, boost local industry, reduce imports, support Aatmanirbhar Bharat, and create jobs in the region.