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IOC inks MoU with Gujarat to infuse Rs 24,000 cr in petrochem projects

Monday, 07 Jun 2021
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The Indian Oil Corporation (IOC) has signed a memorandum of understanding (MoU) with the Gujarat government to set up six petrochemical projects around Vadodara. The projects combined will entail an investment of Rs 24,000 crore.

The projects will include LuPech project for petrochemicals, Acrylics-Oxo Alcohol project at Dumad near Vadodara, infrastructure for KAhSPL at JR & Dumad, shifting of LAB TTL facility in Dumad and New Flare at JR and hydrogen dispensing facility.

The projects will create employment opportunity for 25,000 people.


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