Indian Oil Corporation (IOC) is planning to invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast. The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by 2030 from the existing 3,160 TMTPA.
The first one is the setting up of a greenfield depot at Sekerkote in Tripura. This will entail an investment of around Rs 540 crore and will be completed by 2024. Another major project that the company will undertake is the expansion of the Betkuchi POL depot in Guwahati. The company earmarked Rs 298 crore to increase the storage intake to 54,000 KL from 25,000 KL now, install new fire water tanks and other facilities.
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 | 1308.85 |
| Indian Oil Corpn. | 138.95 |
| Bharat PetroleumCorp | 309.70 |
| HPCL | 395.35 |
| MRPL | 162.45 |
| View more.. | |
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