IOC to invest Rs 52,000 crore in Paradip after pact with Odisha govt

IOC to invest Rs 52,000 crore in Paradip after pact with Odisha govt

The state government has agreed to give Rs 700 crore per annum of an interest-free loan for 15 years to make up for the withdrawn incentive of 11-year deferment on payment of sales tax on Paradip refinery products sold in the state.

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