Land allotment delay by govt puts IOCL's Paradip petrochem unit in a fix

Land delay puts IOCL's petrochem units in Odisha

Indian Oil Corporation Ltd (IOCL) is upset with the Odisha government for delay in allotment of land contiguous to its 15 million tonnes per annum (mtpa) crude oil refinery at Paradip. The oil marketing company, in February 2017, had asked for an additional 2,290 acres of land to commission different units of its petrochemical complex where fresh investments could cross Rs 500 billion.

But close to a year of its online application, the land is yet to be alloted to IOCL. The company's chairman Sanjiv Singh has urged the state government to allot land on priority.

“Plans are afoot to