+
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
Real Estate

The Energy-Smart Buildings

Passive design is an integral part of energy-efficient architecture. Sophisticated building systems also contribute to this end. But what role do materials play in enhancing a building’s energy-efficiency?“Material selection is one of the earliest opportunities to influence how a building performs,” says Tejbeer Singh, Principal Architect & Founder, Expressionist by Tejbeer Singh. “The objective is not simply to select materials that look appropriate but to understand how they behave within the climate and construction system.”To read the full article Click Here ..

Next Story
Infrastructure Transport

When the Lowest Bid Comes at a Cost

India's infrastructure sector is building at a scale few markets can match. New highways, expressways, metros, bridges and complex engineering projects are transforming the country's landscape. Yet, behind this rapid expansion is a growing concern within the contracting community: Can infrastructure be delivered sustainably when competition pushes prices below commercially viable levels?For Praveen Sethia, Founder & Director, Infra Advisors, who moderated the discussion, the question goes beyond the contractor's commercial interests. Contractors may be one of the two parties to a contract,..

Next Story
Real Estate

Ultra-Luxury Projects Reshape Gurugram’s Housing Market

Gurugram’s luxury housing market has expanded beyond its traditional prime locations, with corridors such as Dwarka Expressway and Golf Course Extension Road emerging as key centres for premium residential development. Larger homes, integrated developments and amenity-led communities are attracting demand from end-users and investors.A 2025 report by Sotheby’s International Realty in collaboration with CRE Matrix identified Gurugram as India’s fastest-growing ultra-luxury housing market. The city overtook Mumbai in total sales value for homes priced above Rs 10 crore, recording nearly Rs..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code