IndianOil Paradip Refinery Invests ₹64,500 Cr, Contributes ₹30,392 Cr to Exchequer
IndianOil Corporation Ltd's Paradip Refinery has seen cumulative investments of approximately ₹43,359 crore, with an additional ₹13,805 crore planned for the PX-PTA project, ₹4,382 crore for the Bhadrak Textile Park, and ₹1,064 crore for a Sustainable Aviation Fuel project. These investments aim to transform Paradip into an integrated energy and petrochemical hub. The refinery achieved its highest-ever crude processing of 16.35 MMT in FY 2025-26 and received several awards for safety and environmental excellence. The refinery directly and indirectly supports over 12,500 livelihoods and contributed over ₹30,392 crore to the exchequer in FY 2025-26. CSR initiatives have seen ₹56.71 crore spent from FY 2014-15 to FY 2025-26.
Key Highlights
- Paradip Refinery investments total ₹43,359 Cr, with ₹13,805 Cr more planned for PX-PTA.
- Achieved record crude processing of 16.35 MMT in FY 2025-26.
- Contributed over ₹30,392 Cr to exchequer in FY 2025-26.
- Supports over 12,500 livelihoods and engages in significant CSR activities.
- Received multiple awards for safety and environmental excellence.
Price Impact
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