Indian Oil Corporation (IOC) is all set to commission integrated LPG import facility near Kochi by 2017. The Rs 600-crore import facility at nearby Puthuvypeen will have a capacity to handle 0.6 million tonnes a year to meet the requirements of Kerala and neighbouring States.
The company has also received approval for a 400-km cross-country LPG pipeline from the import terminal to BPCL Kochi Refinery and to Salem via Coimbatore. This would be a joint venture initiative with BPCL and the work on the Rs. 500-crore project is expected to commence by this year-end.
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.