Indian Oil invests Rs 12000 cr in state to boost infrastructure delivery

first_imgKolkata: State-run oil marketing company Indian Oil Corporation (IOC) is investing nearly Rs 12,000 crore in Bengal for development of various infrastructure, capacity enhancement and boosting their delivery network in the next two to three years.”We are investing Rs 4,190 crore to augment the capacity of Haldia refinery, while the investment requirement to make it BS VI compliant would be to the tune of Rs 3,415 crore,” executive director of IOC Dipankar Ray said at a Press conference on Monday. Also Read – Rain batters Kolkata, cripples normal lifeRay said that they have set a target of April 1, 2018, for making the Haldia refinery BS VI compliant, up from the present BS IV. “The amount of sulphur will be reduced to 10 ppm from 50 ppm when it becomes BS VI compliant,” he added.The IOC further announced an investment of Rs 4,325 crore for a pipeline project, which will not only increase the logistical capability of the company as LPG can be transported directly from Haldia to the bottling plants without any hassles, but will also help reduce road accidents and other untoward incidents during the transportation process. The gas pipeline from its refinery in Haldia will link its bottling plants in Durgapur, Kalyani and Budge Budge. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedAccording to a senior IOC official, 54 lakh LPG connections have been released in the state under Pradhan Mantri Ujjwala Yojana (PMUY) by the oil marketing companies and another 5 lakh will be released by August. “LPG coverage in the state has reached 81 percent from about 40 percent in the last two-three years,” the official added.Ray further said that Indian Oil will be adding 631 new distributors in the state, taking the distribution strength to 1,271 in the next five months. In Bengal, LPG penetration stands at 81 percent against the national average of 84 percent and the IOC is working towards providing LPG connections to 95 percent households in the state.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *