IndianOil gets land allotment letter from Haryana govt

Officials of Indian Oil Corporation and Container Corporation of India today received Regular Letters of Allotment (RLA) of land from Haryana Chief Minister Manohar Lal Khattar in connection with two of their projects coming up in the state.

The projects entailing a total investment of Rs 1,250 crore involve setting up of a Research and Development Project of IOC in Faridabad and Rail-linked <g data-gr-id="19">Multi Modal</g> Logistics Park (MMLP) of CONCOR near Ganaur.

These will generate 7,100 jobs, a release said here. While IOC has been allotted 59.32 acres, some 37 acres have been marked for CONCOR to set up the projects. Both, cleared by a high-level committee formed by the state government, are expected to generate revenue for the state exchequer and contribute to the economy, the release added. The land allotment letters were received by Executive Director of IOC R Prabhu and CMD CONCOR Anil Kumar at a simple 

<g data-gr-id="18">ceremony</g> here.

IOC will invest about Rs 300 crore in the next two years and about Rs 900 crore by 2019. Among others, the company will set up solar and gasification <g data-gr-id="23">plants,</g> and bio-energy related units, the release said. CONCOR will invest some Rs 350 crore for a domestic container and rail freight terminal with a warehousing facility to help the industry cut logistics costs and provide faster and cheaper access to ports, it said.