IndianOil has started its Product Applications & Development Centre (PADC) at Paradip. To facilitate the development of polymer industry in Odisha and the eastern parts of India, IndianOil has set up the PADC with a capex of Rs. 43 crore adjacent to its Paradip Refinery & Petrochemicals Complex.
IndianOil has completed about 13 major projects in Odisha in the last five years at a total investment of over 40,000 crore. The Corporation is investing Rs. 23,503 crore more on various ongoing projects, encompassing refineries, pipelines, marketing and HR-related projects.
PADC at Paradip will act as a Centre of Excellence in the field of polymer research, besides being an incubation centre for entrepreneurial development and a polymer training platform.
PADC will focus on the development of innovative applications to replace finished goods imports in niche fabrics, technical textiles, etc. The Centre is equipped with the latest testing and processing equipment.
