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Vishakhapatnam Strategic Crude Oil Reserve Project Delayed by Year

DELHI--February 28, 2012 --Researched by Industrial Info Resources India (Delhi, India)--The Vishakhapatnam Strategic Crude Oil Reserve Project, which was expected to be completed by April 2011, was delayed by a year and now is expected to finish by April 2012. There are various reasons for the delay, which include rock wedge failures last April in one of the caverns that resulted in causalities.

Other companies featured: Indian Oil Corporation Limited (BSE:530965)

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Industry Segment: Terminals
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