Paradip Refinery likely to be completed in November 2013

 

NEW DELHI: Indian Oil Corporation BSE 0.43 % Ltd's (IOC) grassroot refinery at Paradip is at an advanced stage of construction and the project is expected to be completed in November 2013, Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi told the Lok Sabha.

"The 
IOC BSE 0.43 % 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", she said.

She explained that IOC has taken various 
corporate social responsibility (CSR) works in the surrounding areas to improve the quality of the local people including installation of deep bore well hand pumps for drinking water, illuminations of village roads, health services through periodical medical camps, construction of village roads and class rooms.

The company spent about Rs 150 crore in 2011-12 on developmental activities in the villages surrounding Paradip refinery, she said.