“Indian Oil Corporation (IOCL) plans to set up a Rs 61,000 crore naphtha cracker project at Paradip, Odisha, with an MoU expected in January. This project is part of a larger Rs 1 lakh crore investment, which includes expanding IOCL’s Paradip refinery. Additionally, a Rs 4,382 crore yarn project will be launched in Bhadrak, Odisha, in collaboration with MCPI Pvt Ltd.
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