IOCL and CONCOR to in­vest in Haryana

The Haryana Gov­ern­ment has re­cently granted Reg­u­lar Letters of Al­lot­ment to CONCOR and IOCL, giv­ing them ac­cess to more than 90 acres of land. An in­vest­ment of about 1,250 crore is ex­pected from the two firms.

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The In­dian Oil Cor­po­ra­tion Ltd (IOCL) and Con­tainer Cor­po­ra­tion of In­dia Lim­ited (CONCOR) will soon be in­vest­ing in Haryana. Chief Min­is­ter Manohar Lal Khat­tar handed over Reg­u­lar Letters of Al­lot­ment (RLA) of land to set up a Re­search and De­vel­op­ment Pro­ject of IOCL at In­dus­trial Model Town­ship (IMT), Farid­abad and Rail Linked Multi Modal Lo­gis­tics Park (MMLP) of CONCOR in In­dus­trial Es­tate Barhi, near Ganaur. Both these projects need an in­vest­ment of

1,250 crore and can gen­er­ate em­ploy­ment for 7100 per­sons. The RLAs were re­ceived by R. Prabhu, Ex­ec­u­tive Di­rec­tor, IOCL and Anil Ku­mar, Chief Man­ag­ing Di­rec­tor, CONCOR in Chandi­garh.

Haryana State In­dus­trial and In­fra­struc­ture De­vel­op­ment Cor­po­ra­tion (HSIIDC) has al­lot­ted 59.32 acres of land to IOCL and about 37 acres has also been al­lot­ted to CONCOR.

As In­dia's flag­ship oil com­pany, IOCL’s busi­ness in­ter­ests en­com­pass the hy­dro­car­bon value chain from re­fin­ing, pipeline trans­porta­tion and mar­ket­ing of petroleum prod­ucts to ex­plo­ration and pro­duc­tion of crude oil and gas, mar­ket­ing of nat­u­ral gas and petro­chem­i­cals. Out of 59.32 acres of land al­lot­ted to IOCL, the com­pany will utilise 43.74 acres for set­ting up of Demon­stra­tion Scale Man­u­fac­tur­ing Plant. Around 15.58 acres will be used for lab­o­ra­to­ries, re­search fa­cil­i­ties, ad­min­is­tra­tive fa­cil­i­ties, visi­tors cen­tre and aca­demic ac­tiv­i­ties. IOCL will in­vest around

300 crore in the next two years and about 900 crore by 2019.

CONCOR, a Navratna Public Sec­tor Un­der­tak­ing, is go­ing to in­vest

350 crore in ICD/Dry Port, Do­mes­tic Con­tainer Ter­mi­nal and Rail Freight Ter­mi­nal with Ware­hous­ing Com­plex in Soni­pat – Gan­naur – Pa­ni­pat area fall­ing on Delhi – Am­bala – Kalka sec­tion of North­ern Rail­way to fa­cil­i­tate re­duc­tion in lo­gis­tics costs and pro­vide the EXIM trade faster and cheaper ac­cess to the North Western and Western Gate­way Ports.

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