Indian Oil investing Rs 120.85 billion in Haldia refinery

Indian Oil is investing Rs 120.85 billion to operationalise a liquid petroleum gas (LPG) pipeline, which will extend from its refinery in Haldia in West Bengal and link its bottling plants in Durgapur, Kalyani and Budge Budge.

The investment is als bein made to improve the Haldia refining facility to roll out BS Stage VI compliant fuel for vehicles.

Quoting Dipankar Ray, the state owned company’s executive director for West Bengal, a Business Standard reprt said that Rs 43.25 billion is being spent on this pipeline project, which in effect 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 it reduce road accidents and other untoward incidents during the transportation process.

He added: “This pipeline will first connect Durgapur and Kalyani and then connect our Budge Budge bottling facility. At a later date, it will be extended to Muzzafarpur in Bihar.”

Image Credit : bsmedia.business-standard.com

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