| Work Detail |
The Indian Oil Corporation (IOC) is set to infuse more than Rs. 2,600 crore into establishing greenfield units and expanding existing facilities across the northeastern region in the coming years, according to a senior company official. The IOC board has already given the green light to various new projects, with discussions underway with local governments in Meghalaya, Mizoram, and Manipur to secure land for these ventures. Ganesan Ramesh, Executive Director of Indian Oil-AOD, emphasized the strategic importance of the northeastern region for the company, highlighting plans to enhance refining and petroleum, oil, and lubricant (POL) storage capacities. Currently, IOC is executing around a dozen projects in the region, encompassing both greenfield and brownfield developments, with a total investment of Rs. 2,612 crore. Among these projects is a significant greenfield depot in Sekerkote, Tripura, requiring an investment of Rs. 656 crore in the POL segment. The expansion of the Betkuchi POL depot in Guwahati, with a budget of Rs. 277 crore, has also received board approval. The Betkuchi depots storage capacity is set to increase from 25,000 kilolitres to 54,000 kilolitres, accompanied by the installation of new fire water tanks and other essential facilities. Additionally, the IOC is planning capacity expansions for its refineries in Guwahati and Digboi, with project costs of Rs. 412 crore and Rs. 768 crore, respectively. Furthermore, land acquisition is underway for the expansion of the Bongaigaon refinery as part of the North East Hydrocarbon Vision 2030. |
