Indian Oil plans Rs 5302-cr projects to augment pipeline network

Indian Oil Corporation Ltd (IOC) is planning to invest Rs 5302-cr in three projects to augment pipeline networks for LPG and refinery products. The Board of Directors of IOC, at its meeting held on January 29, 2015, has approved three projects as per which IOC will invest Rs 2789 cr for Paradip-Hyderabad product pipeline, Rs 690 cr for LPG import facility at Paradip, and Rs 1823 cr for augmenting Paradip-Haldia-Durgapur LPG pipeline
 
The Paradip-Hyderabad product pipeline is proposed for evacuation of the products from the upcoming Paradip refinery to storage depots in Andhra Pradesh and Telangana. The pipeline having a length of 1150 kms would have a capacity of 4.5 MMTPA. “The pipeline with allied facilities is estimated to cost Rs 2,789 crore and would be completed in a period of 36 months after receipt of statutory clearances,” said Indian Oil in a BSE filing.
 
In order to meet the deficit of LPG supply in eastern sector, Indian Oil Corporation will construct 0.6 MMTPA LPG import facility at Paradip at an estimated cost of Rs 690 crore. In addition, IOC is planning to augment and extend the existing Paradip-Haldia-Durgapur LPG pipeline to Patna and Muzaffarpur to ensure smooth supply of LPG in the region. “The pipeline augmentation and extension is estimated to cost Rs 1,823 crore. The project would be completed within 36 months from the date of statutory approvals,” added IOC.