IndianOil MCPI Yarn Appoints Abhijit Chakraborty as Chairman and Director

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Oct 2026 : IndianOil MCPI Yarn Private Limited (IMYL) has recently appointed Abhijit Chakraborty as Chairman and Director. The joint venture between state-owned Indian Oil Corporation Limited (IOCL) and MCPI Private Limited is spearheading a massive ₹5,000-crore integrated polyester yarn manufacturing facility in Bhadrak, Odisha.

With global polyester filament yarn demand projected to expand over 112% to $187.17 billion by 2035, Chakraborty steps into this leadership role at a crucial moment. The proposed Bhadrak installation boasts a massive 900 tonnes per day (TPD) production capacity, designed to seamlessly link upstream petrochemical refining directly with downstream textile manufacturing. In his new capacity, Chakraborty will oversee strategic execution, drive sustainable operational standards, and strengthen India’s domestic textile supply chain on the global stage.

Chakraborty brings a distinguished career spanning over three decades in mega-project execution, plant engineering, and maintenance. He currently serves as Executive Director at Indian Oil Corporation Limited, where he has held key leadership positions over nearly seven years - including Chief General Manager and General Manager. Earlier in his career, he led engineering services and chief project management in the UK for an IOCL joint venture. Additionally, Chakraborty holds board directorships at CBRP Limited and IndianOil Adani Ventures Limited.

Academically, Chakraborty earned his BE in Mechanical Engineering from Malaviya National Institute of Technology Jaipur.

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