IOC to pump in Rs 2,200 cr investment for various projects in TN
IOC to pump in Rs 2,200 cr investment for various projects in TN
Share:

COIMBATORE: Indian Oil Corporation Limited (IOC)  has lined up investments of over Rs 2,200 crore in Tamil Nadu in the next two years towards taking up major grassroots and expansion projects in the state, a senior company official said on Tuesday.

The projects include 'grass-roots terminal' at Asanur and Vallur, 'captive petroleum' project, oil and lubricant-LPG jetty at Kamarajar port among others, Indian OilCorporation Ltd executive director and Tamil Nadu State Head, V C Asokan told reporters.

IOC  would also take up the work for setting up the integrated Lube complex at Ammulaivoyyal village on the outskirts of Chennai, apart from the ongoing projects in the Ennore-Tiruvallur sector, Bangalore-Puducherry-NagapattinamMadurai-Turicorin gas pipeline and augmentation of ChennaiTiruchirappali-Madurai pipeline projects, he said. Asokan was here to review and deliberate on the LPG Bottling plant near Kinathukadavu on the outskirts about its LPG storage and distribution infrastructure.

The joint venture with Israel technology company Phinergy to manufacture and commercialise aluminium-air technology as an alternative of Lithium battery would be ready in another six months.

US oil field giant takes over the Russian market after competitors leave

Govt reduce windfall tax on crude oil, export of diesel, ATF

Join NewsTrack Whatsapp group
Related News