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Odisha starts land acquisition for Indian Oil's petrochemical hub

after close1 source ↓written by the desknot a recommendation

The Odisha government has initiated land acquisition for Indian Oil's ₹61,077 cr Paradip Petrochemical Complex, following a deal signed over a year ago. The project will include a dual-feed cracker and various downstream units, producing essential petrochemicals like polypropylene and PVC. This development is crucial for enhancing the region's industrial capacity and may attract further investments.

• Social Impact Assessment underway

• Project aims to boost local economy

• Significant job creation expected

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 27 Jul 2026, 16:03 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed −0.2% on the day of the news, from ₹141.52 to ₹141.28; Nifty 0.0% over the same session; futures OI +0.4%.

Bulletin at 16:03 IST on 27 Jul 2026. Every change is measured from ₹141.52, the last close before it, on 27 Jul. Nifty 50 is measured over the same sessions.

  • IOC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
IOC closes around the bulletin against the close before the news, with Nifty 50 rebased to it129.69141.52153.35axis spans 18%before the news · 27 Jul141.52Nifty 50IOCbulletinD0+1+3+521 Jul31 Jul11 AugFutures open interest, lotspeak 34,000Reference close ₹141.52. 16 sessions from 21 Jul to 11 Aug; the price axis spans 18 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before27 Jul₹141.52basebase
On the day28 Jul₹141.28▼ −0.2%0.0%−0.1 pp difference
+1 session29 Jul₹140.11▼ −1.0%▲ +1.1%−2.1 pp difference
+3 sessions31 Jul₹140.17▼ −0.9%▲ +1.6%−2.6 pp difference
+5 sessions4 Aug₹141.60▲ +0.1%▲ +2.6%−2.5 pp difference
Gap at the open, % · ₹
▲ +0.3%+0.48 on 28 Jul
Day's range, % · ₹
1.4%≈ 1.9 high to low
Volume on the day
0.40×the 20-session average
Futures OI on the day
▲ +0.4%+140 lots · short build-up · price −0.2%
Futures OI open, lots
34,00028 Jul · 28 Jul expiry
Futures premium, ₹
0.000.0% to spot
Puts per call, by OI
0.80from 0.79 the session before
Max pain
142from 142 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

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