MoneyWorks4Me

IOC gets approval for augmenting Koyali-Sanganer pipeline

31 Oct 2017 Evaluate

Indian Oil Corporation (IOC) has received approval for augmenting its Koyali-Sanganer pipeline (KSPL) capacity up to 6 million tonnes per annum (MTPA) from existing 4.6 MTPA at a cost of Rs 273.23 crore.

The company’s proposal is to expand KSPL, which traverses from Koyali in Gujarat to Sanganer in Rajasthan, by augmenting the capacity of pumping stations located at Vadodara, Pali and other allied facilities.

Moreover, the company required no additional land for the project as the augmentation work is to be done in the existing stations and not in pipeline route.

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.

Peers
Company Name CMP
Reliance Industries 1191.40
Indian Oil Corpn. 131.00
Bharat PetroleumCorp 296.40
HPCL 342.80
MRPL 171.60
View more..