Indian Oil to set up LPG terminal at Paradeep

Indian Oil to set up Rs 90-crore LPG terminal at Paradeep

23 Sep 2010 PETROLEUM BAZAAR
Indian Oil Corporation Limited (IOCL), the country's largest oil marketing company, plans to invest Rs 90 crore in setting up of an LPG (Liquefied Petroleum Gas) terminal and a bottling plant at the site of its proposed refinery cum petrochemical complex, five km south of Paradeep.
"Our LPG terminal cum bottling plant will come up at the site of the proposed refinery cum petrochemical complex at a cost of Rs 90 crore. This LPG terminal is expected to be operational by March 2010”, V Ramgopal, general manager (marketing) cum State Level Coordinator (Orissa) of IOCL told Business Standard. IOCL's 15 million tonne per annum (mtpa) refinery cum petrochemical complex being taken up at a cost of Rs 29,777 crore was expected to be commissioned by March 2012 and stabilized by December 2012.
The refinery cum petrochemical complex would come up on 3300 acres. It may be noted that IOCL is the anchor tenant for the PCPIR (Petroleum, Chemicals and Petrochemicals Investment Region) hub to be spread over Jagatsinghpur and Kendrapara districts an area of 274.15 sq km.
IOCL has targeted to add 63,000 new LPG customers in Orissa this year. The two other oil marketing firms- Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum (HP) would add 45,000 and 60,000 customers respectively meaning a total addition of 168,000 new LPG connections in the state in 2010-11.Courtesy:BS