Question
IOCL has made an investment of Rs 61,077 crore in
building a petrochemical complex and is its largest investment so far in a single location. Where has the investment been made?Solution
IOC will invest Rs 61,077 crore in building a petrochemical complex at Paradip in Odisha - its largest ever investment at a single location. This is part of its transition plan including boosting petrochemical intensity to help protect against volatility. Petrochemical intensity refers to the percentage of crude oil that is converted directly into chemicals that are used to make plastic and other material.
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