(ET)
Indian Oil Corporation Ltd (IOCL) will augment its LPG production facilities in Kerala and Tamil Nadu to meet the increased demand for the gas that is growing at 11% annually with the completion of construction of LPG import terminal and the pipeline connecting it to Salem.
Both the projects which are in the process of construction together involve an investment of close to Rs 3000 crore. IOCL’s 6 lakh tonne per annum facility at Puthuvypin in Kochi is linked to the 498 km pipeline jointly implemented by IOC and Bharat Petroleum Corporation Ltd. (BPCL).
IOCL general manager and Kerala head P S Mony said the pipeline will connect the import terminal with BPCL Kochi Refinery, IOCL’s Kochi bottling plant and BPCL’s upcoming bulk LPG terminal at Palakkad before terminating at Salem. It will feed IOCL’s LPG bottling plants at Coimbatore and Erode. The project to be completed by February 2018 is expected to earn Kerala government an additional revenue of Rs 300 crore per annum.
