Pradhan urges Odisha CM to allot land for IOCL projects

Bhubaneswar: Union Petroleum Minister Dharmendra Pradhan has requested Odisha Chief Minister Naveen Patnaik to allot land for Indian Oil Corporation Limited (IOCL) for its new projects in Paradip and Bhadrak.

In a letter to the Chief Minister, Pradhan urged to direct the concerned authorities of the state government suitably in this regard.

He said Indian Oil is in the process of finalising almost Rs 40,000 crore investments in new projects in Odisha– a PX/PTA project, Petcoke gasification-based projects and Refinery capacity expansion project at Paradip, besides participation in the Textile Park proposed atBhadrak.

 “It is rather unfortunate and discouraging that the Odisha Government has not allotted the required land yet for the projects,” informed Pradhan.

The Union Minister also informed about the proposed investment of Rs 43,000 crore by Taiwan’s state-owned petroleum firm CPC Corporation for green-field petrochemical projects in Paradip.

He said the proposed investments by CPC and Indian Oil would not only contribute to the state’s economy but also lead to direct and indirect employment generation for the youths of the state.