IOCL Signs MoU To Develop Plastic, Textile Park In Odisha

IOCL Signs MoU To Develop Plastic, Textile Park In Odisha

The Indian Oil Corporation Ltd (IOCL) on Thursday signed two memoranda of understanding (MoUs) to set up a plastic park and textile park in Odisha.

The MoUs were signed at the Petrochemical Investors Conclave, the first-of-its-kind to attract investments to eastern India, inaugurated by Union Petroleum Minister Dharmendra Pradhan here.

IOCL and Industrial Development Corporation of Odisha (Idco) signed an MoU to collaborate in the setting up of a Plastics Park at Paradip.

Indian Oil is setting up a 700 KTA (kilo tonnes per annum) Polypropylene unit at Paradip Refinery, to be commissioned in 2018, to serve as a mother plant for downstream polymer or plastics ancillary units. Read More…

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