Oil & Gas

Indian Oil To Invest Rs 12 k Cr In Bengal

Indian Oil

Indian Oil Investing Over Rs 11,900 Crore In Bengal For Various Projects

State-run oil marketing company Indian Oil Corporation is investing over Rs 11,900 crore in West Bengal for various infrastructureNSE 2.19 % and capacity enhancement projects, an official said on Monday.

“We are investing Rs 4,325 crore in various projects, including integration of gas pipeline between Kalayni and Durgapur bottling plants and Paradip refinery,” company’ Executive Director Dipankar Ray said.

Around Rs, 4,190 crores would be invested to augment the capacity of Haldia refinery while the investment required to make it BS VI compliant would be to the tune of Rs 3,415 crore, he said.

“The project for gas pipeline integration of Kalayni and Durgapur bottling plant is expected to be completed by September and Budge Budge bottling plant would also be connected in the next phase,” Ray said.

For setting up an LPG bottling plant at Kharagpur with an investment of Rs 160 crore, land has been taken over from the West Bengal Industrial Development Corporation and the project is expected to be completed by March 2019, he said, adding that augmentation of facility from 60,000 cylinders per day to 1 lakh cylinders a day with the commissioning of the third carousel at Kalayni bottling plant will make it the largest in Eastern India.

Source: https://economictimes.indiatimes.com/industry/energy/oil-gas/indian-oil-investing-over-rs-11900-crore-in-bengal-for-various-projects/articleshow/65107433.cms

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