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IOC receives approval for KSPL augmentation project worth Rs.273cr

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Indian Oil Corp (IOC) has received approval for increasing its Koyali-Sanganer pipeline (KSPL) capacity up to 6 million tonnes per annum (MTPA) from existing 4.6 MTPA at a cost of Rs.273.23 crore.

The company proposes to expand KSPL, which crosses from Koyali in Gujarat to Sanganer in Rajasthan, by increasing the capacity of pumping stations located at Vadodara, Pali and other allied facilities.

As per an official, ” Based on the recommendation of an expert panel, the environment ministry has given environment clearance for the IOC’s proposal on KSPL.”

Read EquityPandit’s Technical Analysis on Nifty Energy

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