IndianOil’s Paradip Refinery continues to emerge as a key driver of industrial growth, energy security and inclusive development in Odisha through large-scale investments, operational excellence and community-focused initiatives. With a cumulative investment of approximately ₹43,359 crore across refinery and petrochemical projects, the facility is strengthening its position as an integrated energy and petrochemical hub for eastern India.
The investments include ₹34,555 crore in advanced refinery units, ₹3,150 crore in the Polypropylene Plant and ₹5,654 crore in the Mono Ethylene Glycol (MEG) Plant. These projects collectively support the livelihoods of more than 12,500 people in and around Paradip through direct and indirect employment opportunities.
Further strengthening its petrochemical capabilities, IndianOil is investing ₹13,805 crore in the ongoing Paraxylene-Purified Terephthalic Acid (PX-PTA) project at Paradip. The company is also planning investments of around ₹4,382 crore in the Bhadrak Textile Park Project through a joint venture with MCPI Private Limited and ₹1,064 crore in a Hydroprocessed Esters and Fatty Acids (HEFA)-based Sustainable Aviation Fuel (SAF) project through a joint venture with M11 Energy Transition Pvt. Ltd.
These initiatives reflect IndianOil’s commitment to strengthening domestic manufacturing capabilities, supporting the vision of Aatmanirbhar Bharat, and contributing to India’s transition towards cleaner and more sustainable energy solutions. During FY2025-26, Paradip Refinery achieved significant operational milestones by recording its highest-ever crude processing of 16.35 million metric tonnes. The refinery also commissioned the Standby Sulphur Recovery Unit-III (SRU-III) and the New Hydrogen Generation Unit (NHGU), enhancing operational reliability and efficiency.
The 1.2 million tonnes per annum Purified Terephthalic Acid (PTA) Unit under the PX-PTA project is nearing completion, marking another important step in expanding IndianOil’s petrochemical portfolio. The refinery’s commitment to safety, sustainability and operational excellence has been recognised through several accolades during FY2025-26, including the Kalinga Safety Excellence Award, Kalinga Environment Excellence Award, National Safety Council of India Safety Award and Green Champions Award.
Beyond industrial growth, Paradip Refinery continues to contribute to the socio-economic development of surrounding communities. Through employment generation, skill development programmes, healthcare initiatives, education support, rural development and livelihood enhancement projects, IndianOil is creating opportunities for inclusive growth.
During FY2025-26, Paradip Refinery contributed more than ₹30,392 crore to the state and central exchequer through various duties, taxes and levies. Additionally, the refinery has invested ₹56.71 crore towards Corporate Social Responsibility (CSR) and Corporate Environment Responsibility (CER) initiatives from FY2014-15 to FY2025-26.
Speaking on the refinery’s growth journey, Kausik Basu, Executive Director & Refinery Head, Paradip Refinery, said, “Paradip Refinery represents IndianOil’s vision of industrial excellence, innovation and inclusive development. Our continued investments are transforming Paradip into a world-class integrated refinery and petrochemical hub while strengthening India’s energy security and creating lasting value for Odisha and the nation.”
Indian Oil Corporation Limited (IndianOil) is India’s largest integrated energy company and a Fortune Global 500 enterprise, playing a pivotal role in the country’s energy security and economic growth. The company operates an extensive network of refineries, pipelines, fuel stations, LPG distribution systems and petrochemical facilities, serving millions of customers across the nation.
Its diversified business portfolio spans refining, petroleum product marketing, natural gas, petrochemicals, alternative fuels and renewable energy. IndianOil is also investing in future-ready energy solutions, including green hydrogen, biofuels, sustainable aviation fuel, battery technologies and electric mobility infrastructure, supporting India’s transition towards a cleaner energy future. With a strong focus on innovation, operational excellence and sustainability, IndianOil continues to drive the development of reliable, affordable and environmentally responsible energy solutions for domestic and global markets.
