The foundation stone for this refinery was laid by former Prime Minister Atal Bihari Vajpayee in May 2000.

Envisioned as the Energy Gateway to Eastern India, the 15 million tonnes per year Refinery has been set up at an estimated cost of Rs.

[7] The refinery is built at a cost of Rs 34,555 crore and can process dirty and heavy crude oil from Latin America.

[2] The Government of Odisha has announced nil sales tax on the refinery products for the period of 11 years.

Facilities like estate complex, hospital, clubs, community center, bank, school, swimming pool, guest house, horticultural nursery, market complex, temple, children parks, stadium, well maintained parks, lawns etc.