Strategic Investments at Paradip Refinery

IndianOil has made a cumulative investment of approximately ₹43,359 crore at Paradip, encompassing its state-of-the-art Refinery Units (₹34,555 crore), Polypropylene Plant (₹3,150 crore), and Mono Ethylene Glycol (MEG) Plant (₹5,654 crore). 

In addition, IndianOil is investing ₹13,805 crore in the ongoing PX-PTA project at Paradip to strengthen the petrochemical value chain. Around ₹4,382 crore is going to be invested in the Bhadrak Textile Park Project to support Odisha’s textile sector. The upcoming Paradip Petrochemical Complex Project (PDPC), with a proposed investment of ₹61,077 crore, will further boost industrial growth and employment in the state of Odisha.

These investments represent critical milestones in IndianOil’s strategic vision to develop Paradip into an integrated energy and petrochemical hub. They underscore the Corporation’s steadfast commitment to fostering innovation, enhancing self-reliance under the Government of India’s Aatmanirbhar Bharat initiative, and advancing the national energy transition towards a cleaner and more sustainable future.

Employment Generated

The development and operation of Paradip Refinery directly and indirectly support the livelihoods of over 15000 individuals, including skilled and unskilled workers, contractors, and supply chain partners. IndianOil also facilitates local skill development and capacity- building programs, creating meaningful economic opportunities in surrounding communities.

Contribution to the Exchequer

During FY (2024-25), Paradip Refinery contributed over Rs 25,699 crore to the state and central exchequer through various duties, taxes and levies – underlining its role as a responsible corporate entity and economic enabler.

Corporate Social Responsibility (CSR) Initiatives

Staying true to its core value of Care, IndianOil has implemented impactful CSR projects in and around Paradip Refinery. Key initiatives include investments in Education, Skill Development and Youth Training, Health Care, Nutrition, Rural Development, Self-Employment, Support to Orphanages, Support to Old Age Home--- ensuring inclusive growth and upliftment of underprivileged communities. IndianOil Paradip Refinery has, till date, spent ₹54.55 crore towards impactful initiatives under Corporate Social Responsibility (CSR) and Corporate Environment Responsibility (CER).

Speaking on the occasion, Mr. Kausik Basu, Executive Director & Refinery Head of Paradip Refinery, said, "Paradip Refinery is a pillar of industrial excellence, and a symbol of inclusive growth and innovation. The investments of IndianOil at Paradip reinforce IOCL’s commitment to building an integrated Refinery and Petrochemical hub at Paradip that supports energy security, environmental responsibility, and socio-economic development for the people of Odisha and the nation."

IndianOil: Powering India's Energy Future

IndianOil is a Fortune 500, integrated energy major with presence in almost all the streams of oil, gas, petrochemicals, and alternative energy sources. IndianOil is one the largest and most trusted corporates in the country, touching the lives of over a billion Indians. With nearly 30,000 workforces, the company accounts for one third of the national refining capacity. With extensive distribution & marketing infrastructure, and advanced R&D facilities, IndianOil has been providing energy access to millions of people across the length and breadth of the country through its ever-expanding network of over 61,000 customer touch points.

About Paradip Refinery

Dedicated to the Nation on February 07, 2016, by Hon’ble Prime Minister of India Sh Narendra Modi Ji, Paradip Refinery is the largest refinery on the eastern coast of India and stands as the Energy Gateway to Eastern India. From the barren lands towards a sprawling 3300 acres of Technological marvel, the Refinery has transformed the skyline of Paradip, Odisha and stands proudly as a shining jewel in the crown of Indian Oil.  

Known for its operational excellence and environmental stewardship, Paradip Refinery is a benchmark in safety, reliability, and performance.