Kolkata: State-owned Indian Oil Corporation (IOC) will invest around Rs 564 crore in various projects in West Bengal this fiscal. Executive director and state head of West Bengal sales office (WBSO) Pritish Bharat told reporters here that the projects are catalytic dewaxing plant at Haldia, augmentation of Paradip-Haldia-Durgapur pipeline and crude pipeline in Haldia.

Out of these project, Haldia projects will attract Rs 240 crore. Indian Oil Corp will also commission a new LPG bottling plant at Kharagpur at a cost of Rs 208 crore, taking its total number to six in the state. Bharat said the company currently  has four CNG pumps in Kolkata and 19 in West Bengal.

 Plans are there to increase the number by another two in the city and 10 more in the state during 2022-23. The CNG is sourced from IOC's joint venture with Adani, he added. He stated that the corporate these days has 4 CNG pumps in Kolkata and 19 within the state. The corporate plans so as to add two extra pumps within the town and 10 extra within the state right through the present monetary 12 months.

The official said with the increased demand for CNG and electric vehicles (EVs), the oil marketing PSU is taking these factors into consideration in its growth plans for the next five years.

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