Business »  Topic »  IndianOil to invest ₹13,805 cr to set up new plant in Odisha

IndianOil to invest ₹13,805 cr to set up new plant in Odisha


The paraxylene and purified terephthalic acid plant will be integrated with the IOC’s refinery facility in the port town of Jagatsinghpur district.

Indian Oil Corporation Ltd (IOCL) will invest ₹13,805 crore in setting up a plant in Odisha’s Paradip to manufacture raw materials for the textile sector, an official said on Sunday.

The project is expected to be completed by 2024, he said.

The paraxylene (PX) and purified terephthalic acid (PTA) plant will be integrated with the IOCL’s refinery facility in the port town of Jagatsinghpur district.

“The integrated paraxylene (PX) and purified terephthalic acid (PTA ...


Read the full text thehindubusinessline