Chandikhol is a town and a Notified Area Council in Jajpur district, Odisha, India.

The place has been named after Goddess "Chandi" worshipped by late monk Baba Bhairabananda Bramhachari who established the deity of Maa Chandi in one of the adjoining hills of Barunei full of dense forest and ferocious animals in 1932.

Chandikhol has been selected for the establishment of one of Strategic Petroleum Reserve (India) location.

It is an extremely strategic location in terms of commerce as it acts as a junction between Kalinganagar, Cuttack, Bhadrak and Paradeep.

The nearest town, Jaraka, is 12 km away from Chandikhole.