Indian Oil Corp (IOCL) will invest ₹61,000 crore in a naphtha cracker project in Paradip, Odisha. An MoU will be signed in January during the ‘Utkarsh Odisha – Make in Odisha 2025’ summit. The foundation stone for a ₹4,352 crore yarn project in Bhadrak will also be laid. These projects are expected to create significant employment opportunities. The ongoing Px-PTA project will be commissioned by June.
