Magma Chemicals & Polymers India (MCPI) and Indian Oil Corporation (IOCL) have signed a joint venture agreement to develop a Rs 5,000-crore polyester yarn manufacturing facility at Bhadrak in Odisha, moving the project closer to implementation nearly two years after it received IOCL Board
Indian Oil Corporation (IOC), the state-owned company’s board approved an investment to establish a yarn project in Bhadrak, Odisha, in a 50:50 joint venture with MCPI Private Ltd. The project will involve the construction of a 900 TPD continuous polymerisation (CP) unit, along with downstream facilities for draw textured yarn (DTY), fully drawn yarn (FDY), […]














