India, Jan. 28 -- Indian Oil Corporation Limited (IOCL) unveiled an ambitious plan to invest Rs 70,000 Crore in Odisha, on Tuesday.

Speaking to the media, IOCL Chairman Arvinder Singh Sahney stated that the company has already invested Rs 50,000 crore in the State, with upcoming plans to inject an additional Rs 70,000 Crore.

The focus of these investments is on the petrochemical sector, with major projects earmarked for Paradip and Bhadrak. These developments are expected to significantly contribute to the local economy and boost infrastructure growth across the region.

'Utkarsh Odisha' is the key theme in this investment strategy, aiming to elevate the State's prominence in the national industrial landscape.

Worth mentioning, IOCL ha...