IOCL To Invest Rs 13,805 Cr To Set Up New Plant In Odisha

Indian Oil Corporation Ltd (IOCL) will invest Rs 13,805 crore to set up a plant in Odisha’s Paradip to manufacture raw materials for the textile sector.
The project is expected to be completed by 2024.The project will generate approximately five million man-days of employment over the three-year plant construction period.
The petrochemicals complex will have a PX production capacity of 800,000 tonne per annum, which would be the feedstock for the manufacturing of PTA. The capacity of PTA production would be 1 200,000 tonne per annum.