IOCL and CONCOR to invest in Haryana

Two big investments may soon be executed in Haryana by Indian Oil Corporation and Container Corporation of India Limited as the Chief Minister Manohar Lal Khattar today formally handed over Regular Letters of Allotment  (RLA) of land to set up a Research and  Development Project of Indian Oil Corporation Ltd. (IOCL) at Industrial Model Township (IMT), Faridabad and Rail Linked Multi Modal Logistics Park (MMLP) of Container Corporation of India Ltd. (CONCOR) in Industrial Estate Barhi, near Ganaur. Both these projects would entail a total investment of Rs 1250 crore and generate employment for 7100 persons.

The RLAs were received by Executive Director of IOCL,  R. Prabhu and Chief Managing Director of CONCOR,  Anil Kumar in Chandigarh today.

Khattar said that Haryana  State Industrial and Infrastructure Development Corporation (HSIIDC) has allotted 59.32 acres of land to  the   IOCL and about  37 acres of land has also been allotted to the CONCOR to set up  their projects. Both these projects were approved by the Higher Level Plot Allotment Committee constituted by the State Government under the Chairmanship of Principal Secretary, Industries, Devender Singh to consider the allotment of prestigious projects having an investment of Rs.30 crore and above.

The  IOCL is India's flagship national Oil Company with business interest encompassing the entire 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. The IOCL will   invest  about Rs.300 crore in the next two years and about Rs.900 crore   by the year 2019. Out of 59.32 acres of  land allotted to the IOCL, the company will utilize 43.74 acres of land for setting up of Demonstration Scale Manufacturing Plant  including pilot plants based on their technology and CARE facilities viz. Solar Plants, Gasification Plants, Bio-energy related units etc. The land measuring 15.58 acres will be used for laboratories, research facilities, administrative facilities, visitors centre and academic activities.

The   CONCOR   would   set  up its project with an investment of Rs.350 crores  for 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 Rawilay  to facilitate reduction in logistics costs of the industry of the area and provide the EXIM trade faster and cheaper access to the North Western and Western Gateway Ports.

CONCOR is one of the Navratna Public Sector Undertakings  of Government of India, under Ministry of Railways which was incorporated in 1988. In addition to providing inland transport by rail for containers, it has also expanded to cover management of Ports, Air Cargo Complexes and establishing cold-chain. Though rail is the main stay of its transportation plan, road services are also provided to cater to the need of door-to-door services.

Those present on the occasion included Haryana Industries Minister, Capt. Abhimanyu, Principal Secretary to Chief Minister, Mr Sanjiv Kaushal, Principal Secretary, Industries, Mr. Devender Singh, Managing Director HSIIDC, Mr Vineet Garg and other senior officers of State Government and both public sector undertakings.