Last Friday, the apex court had ordered Nokia to give a Rs 3,500-crore (Rs 35-billion) guarantee before it transferred its Sriperumbudur facility, one of its biggest plants globally.

Fate of factory, 8,000 workers remains uncertain.

The Nokia India facility in Chennai, one of the largest manufacturing facilities of the company globally employs 8,000 people, of that 50 per cent are women.

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According to experts, the new entrant with its aggressive plans could give tough competition to Malaysia Airlines and AirAsia, two strong players in this sector.

The capacity of the proposed facility, part of Indian Oil's Rs 56,000-cr investment plan during the 12th Plan, will be five mt a year.

It also marks the culmination of the revamp exercise that the brand undertook 18 months back, spearheaded by Nellaiappan Thiruambalam, who was appointed as director and CEO of the personal care and foods division in April 2013.

Unions will 'fight to death' if company 'decides' to shut Chennai factory.