Essar may build $4.9 billion petrochemical complex in Odisha

2 Dec 2022 , 07:49 AM

According to a statement released on Thursday, the Essar Group of India intends to partner with a major company to build an Rs40,000 crore ($4.92 billion) petrochemical complex in the state of Odisha in the east.

The petrochemical complex will have a 7.5 million tonnes capacity per year, according to the statement. It did not give the identity of the project’s partner.

Additionally, the group stated that it intended to invest Rs12,000 crore in the construction of a 14 million tonne per year export-focused pelletizing plant in Odisha, complete with a 250-kilometer slurry pipeline.

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