Indian Oil Corporation Limited (IOCL), the country's largest oil marketing company is exploring the possibility of setting up a wind mill in Paradeep (Orissa). The wind mill is likely to be operational either in or after 2012.
The proposed wind mill plant at Paradeep would be owned and operated by IOCL. The technology used in running the wind mill is likely to be imported from overseas.
However, IOCL has no plan to enter into a joint venture with any firm, be it domestic or overseas for the wind mill project. “Paradeep has been identified as one of the tentative locations for setting up of a wind mill by IOCL. The company has already set up two wind mills in Gujarat and Tamil Nadu”, V Ramgopal, general manager (marketing), IOCL told reporters here.
The investment and other modalities on the proposed mill were yet to be worked out as things were at a conceptual stage.
On the company's retail expansion plans in Orissa, Ramgopal said, “We will set up 25-30 retail outlets in Orissa this fiscal. At present, we have 505 retail outlets in the state.”
These outlets would be set up in locations depending on the sales potential.
IOCL has also identified 40-50 locations for setting up of Kisan Seva Kendras (KSKs) in the state.
IOCL has a 52 per cent market share in the state in terms of sales of petrol, diesel, LPG and kerosene. In 2008-09, the company clocked a turnover of Rs 2,500 crore from the sales of these four products.
On a pan-India basis, IOCL clocked a sales turnover of Rs 2,85,337 crore in the previous fiscal and recorded a net profit of Rs 2,950 crore.
Meanwhile, IOCL was planning to set up a new depot at Jharsuguda in western Orissa at an investment of about Rs 100 crore. The proposed depot would have the capacity of around 60,000 kilo litre (KL).At present, the company is scouting for 35-40 acres of land for this modern depot. Plans are also afoot to deepen the reach of LPG cylinders among the people in Orissa.
Presently, only 18 per cent of the state's population has LPG connections and we are aiming to extend the LPG connections to 50 per cent of the population within the nest two years, Ramgopal informed.
IOCL was planning to launch the LPG Gramin Vithark scheme in the state to reach out to the rural customers.
About eight lakh people in the state have LPG connections with Hindustan Petroleum being the market leader in this segment with 4.2 lakh customers followed by IOCL at 3.6 lakh, said Ramgopal.
