Bhubaneswar: Petronet LNG Ltd (PLL) is set to establish a 50,000 MT land-based LNG terminal at Gopalpur Port in Odisha’s Ganjam district, marking its first such facility on India’s east coast.
About The Project
This landmark project is part of the ₹ 98,880 crore investment commitments secured by the state during a two-day Investors’ Meet recently held in New Delhi, highlighting Odisha’s focus on strengthening its energy infrastructure.
Initially conceived as a Floating Storage Regasification Unit (FSRU) with a capacity of 4 MMTPA, the project has now evolved into a larger 5 MMTPA land-based terminal, further boosting the country’s LNG regasification capacity. Petronet’s terminal and ancillary industries are expected to play a crucial role in driving this employment boom.
One of the most significant announcements came from Indian Oil Corporation Ltd (IOCL), whose Dual-Feed Naphtha Cracker Project in Paradip (Jahatsinghpur district) alone will attract over ₹ 58,042 crore in investment and create jobs for 24,000 people.
Chief Minister Mohan Charan Majhi and Union Minister Dharmendra Pradhan underscored the state’s commitment to employment generation, noting that investments in chemicals, textiles, shipbuilding, and medical devices will further propel job growth.
State Promises time-bound land allocation
To ensure the timely execution of these projects, the Odisha government has committed to a fast-tracked land allocation policy: 30 acres in 30 days, 50 acres in 50 days, and 100 acres in 100 days. CM Majhi assured investors that Odisha is prepared to support the rising aspirations of its people and emphasized that now is the ideal time to invest in the state.
