Subrat Kumar Sarangi
Bhubaneswar (NVI): A Product Application and Development Centre (PADC) set up by Indian Oil Corporation Ltd (IOCL) at Paradip in Odisha, was today inaugurated by Chief Minister Naveen Patnaik and Union Petroleum Minister, Dharmendra Pradhan, via video conference.
PADC will be the sixth centre in the country and second in eastern India built on 5 acres of land with a capital expenditure of Rs 43 crore. It has been built near IOCL’s refinery and pharmaceutical complex of Paradip.
The centre will be working on the development of newer grades from Paradip and curtail polymer imports through substitution.
The development centre will also act as a supporting technical centre for polyester yarns and fabrics for the proposed textile unit at Dhamra of Bhadrak. It will work closely in application and development of polymers in collaboration with other reputed institutes.
-CHK/ARK
