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IOC expects Paradip project to be over by October

IOC expects Paradip project to be over by October

M Vijaywargiya, Executive Director of Indian Oil Corporation’s (IOC) Paradip refinery project informed reporters that 93.2 per cent work on the Rs 29,777-crore project has already done.

He said the Rs 29,777-crore project is scheduled to be commissioned in Sepetmber-October this year. More than 500 engineers and officers of IOC are toiling round the clock at the project site, he said adding the refinery would be the most modern export-orientated processing unit and IOC’s largest investment in a single project.

IOC is committed to provide employment to displaced families on merit. Out of 143 displaced families, 95 families have been given money in lieu of jobs and at least one member each from the rest families would be given employment.

When the refinery is commissioned, the company would provide regular service to the displaced persons who are already engaged on contractual basis.

During 2012-13, the firm would spend Rs 174.5 lakh towards corporate social responsibility, he said.

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