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IOC planning to expand eastern India’s first LPG pipeline: Report

28 Aug 2018 Evaluate

Indian Oil Corporation (IOC) is reportedly planning to expand eastern India’s first pipeline, the Paradip-Haldia-Durgapur LPG Pipeline and its extension up to Muzaffarpur and Patna, with an investment of Rs 18.23 billion.

In this expansion plan, new facilities will be added at Paradip and Balasore. Besides, the company expects to commission the project by December 2020.

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 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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