Latest News | Lubricant Blending Plant of IOC Inaugurated in Kolkata

Kolkata, Dec 19 (PTI) Union petroleum minister Dharmendra Pradhan on Saturday inaugurated a lube blending plant of Indian Oil Corporation (IOC) in the city.

With an investment of Rs 142 crore, the project generated nearly 72,000 man-days, a statement issued by the oil marketing PSU said.

The plant was inaugurated in the presence of IOC chairman Shrikant Madhav Vaidya, it said.

IOC said the new plant will make the country self- reliant in the field of lubricants.

Pradhan was quoted as saying that the unit is strategically located near the port area and will have an annual throughput of one lakh kilolitre.

Vaidya said it will be the largest plant in Eastern India and help industries like steel, railways, engineering, fertiliser and power.

The plant would help the industrial sector in the entire eastern region, he said. PTI dc

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)