Indian Oil Corporation (IOC)’a board is likely to decide on two new pipelines by month end. The company is planning to lay a 1200-km oil pipeline from Paradip to Hyderabad passing through Visakhapatnam and Koyali-Pune Product pipeline on BOT/BOOT basis.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.