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Indian Oil's Paradip refinery to be commissioned by October 2013

By Religare

A top company executive of state-owned Indian Oil Corporation (IOC) has said that the company's Paradip-based refinery is most likely to be commissioned by the month of October this year.

"The Rs 29,777-crore project has already achieved 93.2 per cent progress. We are scheduled to commission the refinery in Sepetmber-October this year," IOC, Paradip refinery project, Executive Director, M Vijaywargiya said.

The refinery, which comprises IOC's largest investment in a single project, will be highly advanced export-orientated processing unit, he added.


Vijaywargiya further said that the company is committed to offer employment to displaced families on merit. Out of total 143 displaced families, 95 families have been given money in place of jobs, and at least 1 member each from the remaining families would be given employment.

Furthermore, the displaced persons who are already engaged with the company on contractual basis will get regular service when the refinery is commissioned, the Director specified.

Read more about: indian oil corporation
Story first published: Friday, June 28, 2013, 12:43 [IST]
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