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Indian Oil Vijayawada plant to be revamped
RSS Rao, Indian Oil Executive Director addressing the media in Vijayawada on Wednesday
Rs 316 crore to be spent on revamping of facilities and storage capacity augmentation
Vijayawada: Indian Oil has decided to spend Rs 316 crore for revamping of facilities and storage capacity augmentation at existing Vijayawada petroleum storage terminal located at Kondapalli in Krishna district.
As part of the investment of Rs 1,689 crore for projects in Andhra Pradesh, the Indian Oil has decided to set up more plants and increase its customer share in petroleum products and LPG cylinders.
RSS Rao, Indian Oil executive director and head of two States, Andhra Pradesh and Telangana, said that the Indian Oil will invest Rs 1522 crore for petroleum products infrastructure development and Rs 167 crore for development of LPG plants in the State.
Rao along with chief general manager Phani Rammohan and general manager R Chidambaram addressed the media conference here on Wednesday.
Speaking on the occasion, Rao said that a new terminal will come up at Vizag to meet the growing demand for petroleum fuel in North Coastal districts. He informed that the terminal was coming up in over 60 acres at Atchutapuram, Vizag at an investment of Rs 466 crore with a storage capacity of over 74,000 kilo litres (KL).
He further said that a new state-of-the-art rail-fed depot was coming up at Nakkanadoddi, Guntakal in over 83 acres of land with a tankage capacity of 55,000 KL at an investment of Rs 385 crore. The ED said Indian Oil has an LPG market share of 35.5 percent in cooking gas with a sale of 259 TMTs (Thousand Metric Tons) in Andhra Pradesh during the year 2020-21.
During this period 10 new Indane distributorships have been commissioned and the total number of distributors is 444. Indian Oil supplies Indane LPG to 49.07 lakh customers in Andhra Pradesh through 444 Indane distributors as of now. Indian Oil has three Indane LPG bottling plants in Andhra Pradesh at Kadapa, Vizag and Kondapalli (Vijayawada) with a total bottling capacity of 360 Thousand Metric Tons per Annum (TMTPA) and LPG storage capacity of 6800 Metric Tons. Together these three bottling plants churn out more than one lakh cylinders per day.
