IOCL to invest Rs.36.63 billion to lay pipelines in eastern sector - Feedback

Pipeline will ensure uninterrupted supply of the petroleum products for catering the growing demand in the states of Odisha, Andhra Pradesh and Telangana

Oil major Indian Oil Corporation Limited (IOCL) will invest Rs 36.63 billion for laying two pipelines originating from Odisha under the aegis of South Eastern Region Pipelines (SERPL).

Oil PSU will lay the Paradip – Hyderabad pipeline line (PHPL) to evacuate products like motor spirits, high-speed diesel, kerosene and aviation turbine fuel (ATF) from its refinery at Paradip. The construction of the 1212 Km pipeline has already commenced and the project is listed in National Perspective Plan under the Sagarmala Programme announced by Prime Minister Narendra Modi.

https://www.business-standard.com/article/companies/iocl-to-invest-rs-36-63-billion-to-lay-pipelines-in-eastern-sector-118071100527_1.html

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *