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IOC gets nod for laying pipeline of 1,150-kilometre length in Odisha: Report

24 Aug 2017 Evaluate

Indian Oil Corporation (IOC) has reportedly received approval from Odisha pollution control board for laying of the underground cross country pipeline of 1,150-kilometre length from the latter's Paradip refinery to Hyderabad.

The company has received permission for the 330-kilometre length of the pipeline passing through Odisha. The pipeline will be used for transportation of petroleum products like high-speed diesel, motor spirit, superior kerosene oil, aviation turbine fuel of 4.5 million tonnes per annum. The cost of the project to lay the stretch of the pipeline in the state is pegged at Rs 983 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.

Indian Oil Corp. Share Price

144.70 -2.15 (-1.46%)
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