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This strategic move will significantly enhance the petrochemical and downstream industries.
Indian Oil Company Limited (IOCL) plans to sign a Memorandum of Understanding (MoU) with the Government of Orissa to set up a dual-feed naphtha cracker project in Orissa on the sidelines of the Orissa Investors' Conference in New Delhi on 8 April 2025 organized by the Government of Orissa in cooperation with the Federation of Indian Chambers of Commerce and Industry (FICCI). The MoU will be signed in the presence of Mohan Charan Majhi, Chief Minister of Orissa, Hardeep Singh Puri, Minister of Housing and Urban Affairs and Oil and Gas of the Government of India, and senior officials of the Orissa Government and the Indian Oil Corporation. This strategic move will significantly enhance the development of petrochemical and downstream industries, providing the necessary raw materials for the chemical, petrochemical, technology, textile and plastics industries, contributing to the state's industrial ecosystem.
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