IOCL-MCPI JV

MCPI Private Limited (MCPI) has entered into a 50:50 Joint Venture with Indian Oil Corporation Limited (IOCL) to establish a ₹5,000 crore integrated polyester yarn manufacturing facility, IndianOil MCPI Yarn Private Limited, in Bhadrak, Odisha. Guided by the vision of Dr. Purnendu Chatterjee, Chairman of The Chatterjee Group (TCG), the venture marks a significant milestone in MCPI's growth journey and its commitment to strengthening India's polyester value chain.

The project will feature a 900 TPD Continuous Polymerisation (CP) plant along with downstream manufacturing facilities for Fully Drawn Yarn (FDY), Draw Textured Yarn (DTY), Polyester Chips and associated infrastructure. The integrated complex is designed to enhance domestic polyester manufacturing capabilities, reinforce India's polyester ecosystem, and contribute to the nation's vision of self-reliance and sustainable industrial growth.

Building on MCPI's proven track record in the polyester sector, including the acquisition of Garden Silk Mills Private Limited in 2021 and the successful execution of its ₹1,250 crore FDY expansion project in Surat, this strategic partnership with IOCL further strengthens MCPI's position in the polyester and textile industry while advancing its vision of becoming a leading player in the downstream polyester segment.