IOCL to set up Rs 43.77 bn tech textile complex in Odisha’s Bhadrak
The facility will feature a 900 tonnes-per-day (TPD) Continuous Polymerisation unit, along with advanced downstream units to manufacture Draw Textured Yarn (DTY), Fully Drawn Yarn (FDY), and polyester chips.
The eastern district of Bhadrak is set to undergo a major industrial transformation as Indian Oil Corporation (IOCL) moves ahead with the establishment of a state-of-the-art technical textile complex, valued at Rs 43.77 billion.
Mohan Charan Majhi, Chief Minister, Odisha, referred to the ambitious project while unveiling a series of infrastructure initiatives and development projects backed by the state government on Monday.
Among 13 projects worth Rs 2.75 billion recently launched, the Chief Minister underscored Bhadrak’s growing industrial prominence. He attributed this growth to significant investments, notably IOCL’s upcoming yarn manufacturing plant and a major polyester project by MCPI.
A petrochemical-to-textile mega project
The IOCL-led initiative, which received board approval in December 2024, is being developed through a 50:50 joint venture with MCPI.
The facility will feature a 900 tonnes-per-day (TPD) Continuous Polymerisation unit, along with advanced downstream units to manufacture Draw Textured Yarn (DTY), Fully Drawn Yarn (FDY), and polyester chips. These components play a critical role in the textile supply chain and are used in applications ranging from garments and furnishings to industrial products.
IOCL is injecting Rs 6.57 billion in direct equity into the plant, which is designed to incorporate energy-efficient processes, advanced manufacturing technologies, and a reduced environmental footprint—raising the benchmark for industrial projects in India’s textile sector.
Strategic location and synergies
Bhadrak’s selection as the project site is considered strategic. The district provides robust logistical connectivity through industrial corridors, port access, and proximity to essential raw materials.
These advantages, coupled with the state government’s focus on improving infrastructure and connectivity, position Bhadrak as a compelling destination for industrial investments.
Strengthening self-reliance in technical textiles
The IOCL-MCPI textile complex is expected to significantly contribute to India’s self-reliance objectives under the ‘Make in India’ initiative by reducing dependency on imported polyester yarns and intermediates.
In addition to fulfilling domestic demand, the plant’s output is also projected to cater to international markets, potentially boosting India’s global competitiveness in the technical textiles sector.
News source: Apparel Resources
