IOCL’s Paradip-Hyderabad pipeline gets approval
Bhubaneswar: The proposed Paradip-Hyderabad pipeline project of Indian Oil Corporation Limited (IOCL) received a formal approval today. The total expenditure for the project is estimated to be around Rs 3,338 crore.
According to sources, the pipeline will pass through Odisha, Andhra Pradesh and Telangana states and will spread across 1,212 kilometres. Odisha will share 330 kilometres while 722 kms of the pipeline will be laid in Andhra Pradesh and 160 kms will pass through Telangana.
The project is targeted to be completed by August 2020. According to sources, the project will generate around 1200 job opportunities with 250 permanent ones.
PC Choube, Executive Director, SERPL (IOCL), said “Indian Oil Corporation Ltd will be investing to the tune of Rs 14,200 crore. We are supplying crude oil to all refineries including Paradip refinery. In future crude oil will be supplied to the Numaligarh refinery as well.”
Similarly, the 667-km long Bokaro-Angul pipeline will be constructed by Gas Authority of India Ltd (GAIL) and will pass through five districts of Odisha including Angul, Sundergarh, Sambalpur, Jharsuguda and Deogarh, sources said.