IOCL set to face more delays in getting land for petrochem expansion

Allotment already delayed by over a year; government sources say no land for PSU oil firm till its fresh investment package gets okay at highest level

The country’s top oil marketing company, Indian Oil Corporation Ltd (IOCL), is slated to face more delay in getting land from the Odisha government for putting up different units of its planned petrochemical complex at Paradip.

IOC, in February last year, had asked for 2,290 acres of additional land to commission the petrochemical units. The oil major preferred to have land contiguous to its 15-million-tonne-per-annum crude oil refinery at Paradip.

But even more than a year of making an online application for land, IOCL’s land allotment is yet to be done. Riled with the delay in land allotment, IOCL chairman Sanjiv Singh