With the Rs 28,000-crore refinery project of Indian Oil Corporation Ltd (IOCL) at Paradip under a cloud of delay, the Odisha government has decided to ink an MoU (Memorandum of Understanding) with the oil marketing firm to stipulate timeline and milestones for commissioning of the project.
IOCL being the anchor tenant for the PCPIR hub (Petroleum, Chemical and Petrochemical Investment Region) to be set up in 70,214 acres of land spread over Jagatsinghpur and Kendrapara districts, the timely commissioning of the refinery was vital for attracting investors for the mega investment hub.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/news/odisha-iocl-ink-mou-fast-track-rs-28000-cr-refinery
[2] http://admin.indiaenvironmentportal.org.in/category/author/jayajit-dash
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/jagatsinghpur-d
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/kendrapara-d
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/indian-oil-corporation-ioc
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-commerce-and-industry
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-chemicals-and-fertilizers
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/high-court
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/diesel
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrol
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/supreme-court
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[14] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
