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India's Odisha state approves IOCL's polyester products factory

14 Sep '23
1 min read
Pic: IndianOil
Pic: IndianOil

Insights

  • India's Odisha state has approved nine industrial projects worth ₹1,01,804 crore that are expected to create jobs for over 28,000.
  • Among the projects cleared is a ₹4,377-crore polyester products factory of the Indian Oil Corporation in the textile park at Bhandaripokhari in Bhadrak district.
  • Petronet LNG will set up an LNG terminal at Gopalpur in Ganjam district.
India’s Odisha state recently approved nine industrial projects worth ₹1,01,804 crore that are expected to create jobs for over 28,000. The projects will be set up in Jagatsinghpur, Jajpur, Jharsuguda, Khurda, Paradeep, Bhadrak, Ganjam and Koraput districts.

Among the projects cleared is a ₹4,377-crore polyester products manufacturing unit of the Indian Oil Corporation Ltd. (IOCL) in the textile park at Bhandaripokhari in Bhadrak district.

Petronet LNG Ltd will set up an LNG terminal with a capacity of 40 lakh MT at Gopalpur in Ganjam district. It has committed to invest ₹2,306 crore in the project, the state government said in a statement.

The state’s high-level clearance authority headed by chief minister Naveen Patnaik approved the projects.

L&T Energy Green Tech Ltd's investment proposal worth ₹1,030 crore to set up a green ammonia plant in Paradeep in Jagatsinghpur district was also approved.

ALCHEMPro News Desk (DS)
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