Odisha sore with IOC over timeline revisions for petrochem units

IOCL has already invested Rs 35,000 crore on its 15 million tonne per annum (mtpa) crude oil refinery at Paradip.

The Odisha government has voiced its displeasure with the Indian Oil Corporation Ltd (IOCL) for delaying the commissioning of different projects proposed for the petrochemical complex at Paradip.

The delay in commissioning of the planned units of the petrochemical complex by IOCL could have a bearing on the PCPIR (Petroleum, Chemicals & Petrochemicals Investment Region) hub in Odisha.

The PCPIR is proposed over an area of 284 sq km straddling the coastal districts of Jagatsinghpur and Kendrapara. IOCL is the anchor tenant of the PCPIR hub and the commissioning of the petrochemical units holds the key to attracting investors. With