Odisha Plans $14 Billion Petchem Hub, Indian Oil to Invest
OIL & GAS

Odisha Plans $14 Billion Petchem Hub, Indian Oil to Invest

The eastern Indian state of Odisha expects investments of Rs 1.2 trillion ($14.1 Bn) over the next ten years to establish a petrochemical hub near the Bay of Bengal. Indian Oil Corporation Limited, the country’s largest refiner by capacity, will contribute half the amount to set up a naphtha cracker facility.

The new complex in Paradip will include a dual-feed cracker and downstream units to produce phenol and polyethylene. Indian Oil, which already runs a refinery with a three hundred thousand barrels-per-day capacity in the region, has committed Rs 610 Bn to the project.

The state government aims to reduce petrochemical imports and position Odisha as an emerging industrial centre. Officials are offering incentives such as subsidised capital investment, lower electricity tariffs, assured water supply, and land near ports to attract global manufacturers.

Odisha is banking on rising demand for chemicals and India’s push for industrial self-reliance. Global supply chain realignments have created opportunities for the state to draw investment from overseas petrochemical firms looking to shift operations.

The infrastructure plan is designed to meet international standards and compete with industrial hubs in China and Southeast Asia.

Source:Bloomberg News


The eastern Indian state of Odisha expects investments of Rs 1.2 trillion ($14.1 Bn) over the next ten years to establish a petrochemical hub near the Bay of Bengal. Indian Oil Corporation Limited, the country’s largest refiner by capacity, will contribute half the amount to set up a naphtha cracker facility.The new complex in Paradip will include a dual-feed cracker and downstream units to produce phenol and polyethylene. Indian Oil, which already runs a refinery with a three hundred thousand barrels-per-day capacity in the region, has committed Rs 610 Bn to the project.The state government aims to reduce petrochemical imports and position Odisha as an emerging industrial centre. Officials are offering incentives such as subsidised capital investment, lower electricity tariffs, assured water supply, and land near ports to attract global manufacturers.Odisha is banking on rising demand for chemicals and India’s push for industrial self-reliance. Global supply chain realignments have created opportunities for the state to draw investment from overseas petrochemical firms looking to shift operations.The infrastructure plan is designed to meet international standards and compete with industrial hubs in China and Southeast Asia.Source:Bloomberg News

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement