Summary:
The projects will create employment opportunities for 25,000 people.
.
The Indian Oil Corporation (IOC) has signed a memorandum of understanding (MoU) with the Gujarat government to set up six petrochemical projects around Vadodara.
The projects combined will entail an investment of Rs 24,000 crore.
The projects will include the LuPech project for petrochemicals, the Acrylics-Oxo Alcohol project at Dumad near Vadodara, infrastructure for KAhSPL at JR & Dumad, shifting of LAB TTL facility in Dumad and New Flare at JR, and hydrogen dispensing facility.
The projects will create employment opportunity for 25,000 people
.