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Indian Oil clears investment plan for yarn project
The Morning Standard
|December 22, 2024
INDIAN Oil has approved its investment in a proposed yarn project being set up in the state in a joint venture with a leading chemical company MCPI Pvt Ltd.
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Sources said the board of central public sector enterprise has approved an investment of ₹657 crore for the yarn project in Bhandaripokhari textile park of Bhadrak district. The project will come up at a cost of around ₹4,382 crore.
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