Paradeep: Dharmendra Pradhan lays Foundation of Polypropylene Plant

Paradeep, Nov 17: In a significant development, Union Petroleum Minister Dharmendra Pradhan on Sunday laid the foundation stone of a Rs 3,150 crore Polypropylene Plant here, the first step for beginning of a new era for the industrial development not only in Odisha but also the entire eastern India.

The proposed project would be set up in the Indian Oil Corporation (IOC) Refinery Project complex. Talking about the need for industrial development that is the dream of prime minister Narendra Modi, the plant would also pave the way for developing a petrochemical hub in this zone.

Polypropylene produced by the unit will be used in ancillary units to make moulded furniture, packaging material, containers, medical disposables, adhesive tapes etc.

Referring to the future plans, Pradhan said Indian Oil was also evaluating feasibility of setting up of Ethylene Derivative Plant at an estimated cost of nearly Rs 4,000 crore.

This will indeed act as a catalyst in the socio-economic development of the country mainly Odisha. This plant will provide products to facilitate manufacturing of Polyester Chips, Fibers, PET bottles, PET Chips and Polyester yarn.

Speaking on the occasion, IOCL Chairman B Ashok outlined the key benefits of the project aligning with the Paradip Refinery slated to be commissioned this fiscal.

The upcoming Paradip Refinery is Indian Oil's most prestigious and capital intensive project till date and this will be the 11th refinery of IOCL.

DGP takes stock of railway safety measures

Bhubaneswar: A meeting on safety of rail passengers especially in Maoist-hit areas of Odisha was held at the DGP camp office here. Director General of...

Sujata Mohapatra Selected For Sangeet Natak Akademi Award

Bhubaneswar: Noted Odissi dancer Sujata Mohapatra has been selected for the coveted Sangeet Natak Akademi award (Academy Puraskar) 2017 for her outsta...

Salia Sahi residents protest drain work delay, block road

Bhubaneswar: Women residents have blocked the road at the Salia Sahi slum protesting delay in completion of the ongoing drain work in the slum.The dra...

Fire engulfs 30 houses in Kendrapada village

Kendrapada : Properties worth lakhs of rupees were burnt to ashes as a major fire engulfed 30 houses at Nalapokhari village under Rajkanika block in K...