1 month ago

IndianOil Invests Rs 19,251 Crore in Odisha

IndianOil Invests Rs 19,251 Crore in Odisha
IndianOil announces fresh investments of Rs 19,251 crore in Odisha · thestatesman.com

IndianOil is putting a lot of money, Rs 19,251 crore, into Odisha to make its Paradip refinery bigger and better.

This includes building new things like a big petrochemical plant and a place to make special fuel for airplanes.

They've already spent a lot there and it's helping the local economy by creating jobs and making money for the government.

They're also doing good things for the community and the environment, but some people might worry about pollution.

Key facts

Total Investment
Rs 19,251 crore
PX-PTA Project Investment
Rs 13,805 crore
Bhadrak Textile Park Investment
Rs 4,382 crore
HEFA-SAF Project Investment
Rs 1,064 crore
Cumulative Investment at Paradip
Rs 43,359 crore
Jobs Supported
More than 12,500
Crude Throughput
16.35 million metric tonnes
Revenue Contribution
Rs 30,392 crore
CSR and CER Investment
Rs 56.71 crore

Quotes

Kausik Basu

Executive Director and Refinery Head at IndianOil

“Executive Director and Refinery Head Kausik Basu said the latest investments reaffirm IndianOil’s commitment to developing Paradip into a world-class integrated energy and petrochemical hub, strengthening India’s energy security, driving industrial growth and creating long-term value for Odisha.”
thestatesman.com

Sources

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