Gujarat's ₹5,894 Crore Petrochemical Boost

Prime Minister Narendra Modi virtually inaugurated Indian Oil Corporation’s state-of-the-art acrylics and oxo-alcohols plant at the Gujarat Refinery in Vadodara, marking a significant step toward India’s self-reliance in the petrochemical sector. Developed with an investment of ₹5,894 crore, the facility is designed to convert refinery byproduct propylene into high-value petrochemical products.

Key Features of the Complex:

Advanced Production Units: Includes an acrylic acid unit, butyl acrylate unit, n-butanol unit, and an upgraded hydrogen generation unit.

Import Substitution: The plant will substantially reduce India’s dependence on imports of acrylic acid, butyl acrylate, and oxo-alcohols—key inputs in paints, plastics, coatings, adhesives, textiles, and other industrial applications.

Support for MSMEs & Manufacturing: Indigenous production will empower micro, small, and medium enterprises (MSMEs), strengthen downstream manufacturing, and enhance India’s global competitiveness in petrochemicals.

Employment Impact: The project generated approximately 27 lakh man-days of employment during construction, delivering a major boost to local and regional economies.

Indian Oil highlighted that the initiative aligns with India’s broader industrial growth strategy and vision of Atmanirbhar Bharat (self-reliant India), positioning the country as a key player in the global petrochemical value chain.

News by Rahul Yelligetti.