Indian Oil Corporation (IOC) has received a stage-1 approval for construction of Greenfield Terminal at Bihta, Patna, Bihar on Barauni-Kanpur product Pipeline (BKPL) and Patna-Motihari-Baitalpur Pipeline (PMBPL) at an estimated cost of Rs 1698.67 crore as combined re-sitement of existing Marketing Terminal and Pipeline pump station in Patna and for undertaking pre project activities related thereto.
The Board of the company at its meeting held on July 30, 2024 has accorded approval for the same.
Indian Oil Corporation 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.
