Indian Oil Corporation has decided to invest over Rs 286 crore to improve its LPG bottling capacity in North East by 2020.
Two greenfield plants will be set up at Agartala in Tripura and Barapani in Meghalaya at a total investment of Rs 217.46 crore.
The public sector undertaking’s Chief General Manager (IndianOil-AOD) Uttiya Bhattacharyya said, “With increase is demand, we are ramping up our LPG bottling capacity across north-east. While we are adding more output to the existing plants, new units are being set up to cover more areas.”
He further said the company currently has 10 bottling plants across north east and these are functioning at over 100 per cent utilisation rate.
“Expansion is going on at six units, including two greenfield locations. “In this entire exercise, we will invest more than Rs 286 crore by August 2020,” he added.
Image Credit : static-news.moneycontrol.com