Bhubaneswar, Aug. 19 -- With an aim to become the petrochemical hub of the East, Odisha government today cleared mega investment proposals of M/s Haldia Petrochemicals Ltd (HPL) and Indian Oil Corporation Limited. In total, 5 proposals worth Rs 2,04,069 crore were also cleared by the High Level Clearance Authority (HLCA) headed by the Chief Minister Naveen Patnaik today.
As per official sources, approval has been accorded to Haldia Petrochemicals Ltd (HPL)'s Hydrocarbon processing complex comprising of light crude oil refinery, Aromatics complex and Ethylene cracker complex near the proposed Subarnarekha port in Balasore. All the projects will come up at an estimated cost of Rs 78,255 crore and would provide jobs to 10,000 people.
The sec...