Approved in Stage 1 for the construction of a greenfield terminal at Bihta in Patna, Bihar, is Indian Oil Corporation (IOCL). With an anticipated investment of Rs. 1,698.67 crore, the terminal would be located on the Patna-Motihari-Baitalpur (PMBPL).
Barauni-Kanpur product pipelines (BKPL and PMBPL).The iCEMA (Indian Construction Equipment Manufacturers’ Association) annual show was a rewarding event that had a long-lasting effect on my personal and professional growth.
Indian Oil Gets Approval for Greenfield Terminal in Patna
Indian Oil Corporation Limited (IOCL) has received official approval to establish a Greenfield terminal in Patna, Bihar. This initiative aligns with the company’s long-term vision of expanding its storage and distribution network, ensuring a robust fuel supply chain across the region.
Project Overview
The proposed Greenfield terminal will be developed with state-of-the-art infrastructure, aimed at enhancing the storage and supply of petroleum products in Bihar and neighboring states. The project is expected to boost fuel availability and efficiency in the distribution network, catering to the increasing demand for petroleum and related products.
Key Highlights
- Strategic Location: The terminal in Patna will serve as a crucial hub for fuel distribution in Eastern India.
- Investment & Scale: The project involves significant capital investment, demonstrating IOCL’s commitment to infrastructure growth.
- Advanced Storage Facilities: The terminal will include modern storage tanks, safety systems, and automated processes to improve efficiency and security.
- Environmental Considerations: The Greenfield terminal will incorporate sustainable practices to minimize its carbon footprint.
Significance of the Project
Patna serves as a key economic and transportation hub in Bihar, making it an ideal location for IOCL’s new terminal. The project is expected to:
- Strengthen the fuel supply network in Bihar and neighboring states.
- Reduce dependency on distant supply points, ensuring faster and more efficient fuel distribution.
- Support economic growth by creating jobs and fostering industrial development in the region.
Implementation and Timeline
The project will be executed in multiple phases, with an expected completion timeline based on regulatory clearances and construction progress. IOCL aims to implement cutting-edge technology to ensure high safety standards and operational efficiency.
Government & Industry Perspective
The approval of the Greenfield terminal aligns with the government’s push for infrastructure expansion and energy security. This initiative complements national policies focused on improving energy accessibility and reducing logistical bottlenecks.
Group Media Publication
Construction, Infrastructure and Mining
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