IOCL, Odisha govt should moderate stand to settle incentive row: Pradhan

Odisha CM Naveen Patnaik was hopeful of reaching a settlement with IOCL

Union Minister for Petroleum & Natural Gas Dharmendra Pradhan has suggested that both Indian Oil Corporation (IOCL) and the Odisha government need to soften their demands to break the deadlock over an award of fiscal incentives to the oil company's Paradip crude oil refinery.

At a meeting with Chief Minister Naveen Patnaik in New Delhi, Pradhan emphasised on the need for finding a middle path, wherein both IOCL and the state government can work out a mutually acceptable solution by climbing down from their stated positions.

Pradhan felt that though the state had extended the tax concession in 2004, there was a necessity