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Paradip Refinery likely to be ready by November 2013

New Delhi,Business/Economy, Mon, 04 Mar 2013 IANS

New Delhi, March 4 (IANS) Indian Oil Corp's (IOC) under-construction grassroot refinery at Paradip is expected to be completed in November 2013, Minister of State for Petroleum Panabaaka Lakshmi told the Lok Sabha Monday.

In a written reply, the minister said IOC's 15 million metric tonnes per annum (MMTPA) refinery at Paradip in Odisha is at an "advanced stage of construction".

"Outlook of completion of the project is November, 2013," she said

"The IOC has informed that construction of the Paradip Refinery has generated employment for about 10,000 skilled and unskilled people of nearby areas thereby impacting their social and economic life," Lakshmi added.

The commissioning deadline for the Rs.30,500 crore project has already been revised once from November 2012 to September 2013.

According to IOC sources, the main reason for the delay is the delay in completing the captive power plant by state-run BHEL.

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