Indian Oil Corporation has decided to increase petrochemical complex at Paradip. The company is also planning to ramp up the refinery to make it compliant with BS-IV emission norms. According to a government official, IOCL has asked for additional 2700 acres of land to the Odisha Government for its expansion plans. The company may infuse additional investments worth Rs 25,000-30,000 crore to commission new units of its petrochemical complex.
