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IOC inks pact with TIDCO for Rs 4,500-crore LNG terminal at Katupalli

22 Mar 2012 Evaluate

Indian Oil Corporation (IOC) has inked pact with Tamil Nadu Industrial Development Corporation (TIDCO) for Rs 4,500-crore integrated LNG terminal at Katupalli, near Chennai. It is likely to start awarding contracts in three months time. TIDCO is likely to take a 5-10% equity stake in the terminal.

The Indian Oil Group of companies owns and operates ten of India's 20 refineries with a combined refining capacity of 60.2 million metric tonnes per annum (MMTPA, .i.e. 1.2 million barrels per day). These include two refineries of subsidiary Chennai Petroleum Corporation.

Indian Oil Corp. Share Price

145.85 1.70 (1.18%)
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