{"id":7081,"date":"2020-08-04T09:50:57","date_gmt":"2020-08-04T09:50:57","guid":{"rendered":"https:\/\/earlypostdaily.com\/?p=7081"},"modified":"2020-08-04T09:51:02","modified_gmt":"2020-08-04T09:51:02","slug":"iocl-invests-rs-13805-crore-setting-up-new-plant-in-odisha","status":"publish","type":"post","link":"https:\/\/earlypostdaily.com\/index.php\/2020\/08\/04\/iocl-invests-rs-13805-crore-setting-up-new-plant-in-odisha\/","title":{"rendered":"IOCL invests Rs 13,805 crore setting up new plant in Odisha"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">August 4: It\u2019s been reported that Indian Oil Corporation Ltd is going to invest Rs 13,805 crore to set up a plant in Odisha&#8217;s Paradip to manufacture raw materials for the textile sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project is expected to be completed by 2024. And that will be a major development in textile sector of India.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project will generate approximately five million man-days of employment over the three-year plant construction period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The petrochemicals complex will have a PX production capacity of 800,000 tonne per annum, which would be the feedstock for the manufacturing of PTA. The capacity of PTA production would be 1 200,000 tonne per annum. PTA is a raw material for the production of polyester.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Speaking on the development, IOCL Chairman SM Vaidyasaid this plant along with the upcoming mono-ethylene glycol facility of 357-kilo tonne per annum capacity in Paradip would be a ready source of feedstock for upcoming 300-KTA textile yarn manufacturing project at Bhadrakin Odisha.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IndianOil&#8217;s MEG production facility is already under process and will become operational by the end of 2021 and totally completed by 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>August 4: It\u2019s been reported that Indian Oil Corporation Ltd is going to invest Rs 13,805 crore to set up a plant in Odisha&#8217;s Paradip to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,22],"tags":[],"class_list":["post-7081","post","has-post-thumbnail","category-latest-news","category-national"],"_links":{"self":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/7081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=7081"}],"version-history":[{"count":0,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/7081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media\/7082"}],"wp:attachment":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=7081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=7081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=7081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}