IndianOil will commission its INR300 billion ($5bn) oil refinery project in Paradip, Odisha, by March 2014.

IndianOil chairman R S Butola said the refinery will have a production capacity of 15 MTPA.

Union Minister for Petroleum and Natural Gas M Veerappa Moily inaugurated the main control room of the refinery project on 27 July.

The unit has 46 operator stations to control 80,000 open and closed loop process parameters within the control systems and safety shutdown systems, which monitor and safeguard shutdown of major process plants.

Moily said, "Best talent has been deployed in the execution of this project and we need to work with missionary zeal to complete this project."

Once the project is accomplished, various industries will come up and generate lakhs of jobs in the region, the minister added.

IndianOil’s refining capacity will increase to over 80 MTPA after realization of the Paradip project, which will also meet the growing local demand for LPG, petrol, diesel and other products.