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IOC to Invest Over Rs 22bn for Various Projects in Tamil Nadu

Indian Oil Corporation has lined up investments of over Rs 22 billion in Tamil Nadu in the next two years towards taking up major grassroots and expansion projects in the state, said a senior company official.

 

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

 

The company 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, Bengaluru-Puducherry-Nagapattinam-Madurai-Turicorin gas pipeline and augmentation of Chennai-Tiruchirappali-Madurai pipeline projects, he said.

 

Asokan was in Coimbatore to review and deliberate on the LPG Bottling plant near Kinathukadavu on the outskirts about its LPG storage and distribution infrastructure.

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