India’s Essar Group ideas to set up a 400 billion rupee ($4.92 billion) petrochemical advanced in the eastern state of Odisha in a tie-up with a international player, it said in a statement on Thursday.

The oil to petrochemical complex will have an once-a-year capacity of 7.5 million tonnes, it said. It did not title its lover in the task.

The team also plans to set up a 14 million tonne a 12 months export-oriented pelletizing complex in Odisha, at an investment of 120 billion rupees and with a 250-kilometer slurry pipeline, it mentioned.

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