Indian Oil Corporation (IOC) has received its board’s approval for investments of Rs 5,302 crore. The investments are for setting up a 0.6-million-tonne a year LPG import facility at Paradip, augmentation of the Paradip-Haldia-Durgapur LPG pipeline and laying of the Paradip-Hyderabad product pipeline.
The 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 1,150 km would have a capacity of 4.5 million tonnes a year and the investment required will be around Rs 2,789 crore.
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.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1362.60 |
| Indian Oil Corp. | 147.00 |
| BPCL | 316.00 |
| HPCL | 379.20 |
| MRPL | 180.00 |
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