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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

IOC\'S PARADIP REFINERY MAY BE COMMI

IOC'S PARADIP REFINERY MAY BE COMMISSIONED BY 2012-END
The Indian Oil Corporation Limited's (IOCL) 15 million ton per annuam capacity oil refinery plant at Paradip is likely to be commissioned by end of 2012, official sources said.
 
It was informed by IOC''s Chairman R S Butola who met Chief Minister Naveen Patnaik.
 
The construction work of the proposed refinery project at Paradip was scheduled to be completed in March 2012, IOC's Chairman told Patnaik.
 
Stating that the construction activities at the proposed refinery plant site was going on smoothly, Butola said that the state government had been very cooperative to the public sector in estblishing the project.
 
"The chief minister has assured us that his officers will continuously monitor the progress of the project," Buttola told reporters here.
 
While the company proposed to invest Rs 25,000 in the project, about Rs 8,000 crore had so far been invested, he informed adding that the 15 million tonne refinery would be commissioned in one go.
 
To a question, the IOC Chairman, however, said that work for the proposed petro-chemical complex could be taken up in the second phase of the project. "While the refinery project had already got IOC Board''s approval, the petro-chemical complex case is yet to get clerance," he said.
 
The company had proposed to invest Rs 54,000 crore in the Paradip project, they said.
 
During the discussion, sources said, Botala raised certain issues relating to law and order and labour unrest.
 
Patnaik assured the IOC chief that the state government would look into every problems faced by the company.

 
     
 
   
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