Indian Oil Corporation Gears Up for Paradip-Haldia-Durgapur Pipeline Project

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Researched by Industrial Info Resources India (Delhi, India)--India's state-owned oil marketing company Indian Oil Corporation Limited (IOCL) (BSE: 530965) (New Delhi) is now set to kick-off its Paradip-Haldia-Durgapur Liquefied Petroleum Gas (LPG)-Pipeline Project. The oil major has recently awarded the Engineering, Procurement and Construction (EPC) contract for the project to Jaihind Projects Limited (BSE: 531339) (Ahmedabad, Gujarat) for laying pipeline from Paradip to Haldia and Haldia to Durgapur.

Indian Oil intends to lay LPG pipeline from Paradip-Haldia- Durgapur. The pipeline will provide cost effective transportation of LPG from Paradip and Haldia to the LPG bottling plants at Durgapur, Kalyani, Budge Budge and Balasore. The length of the pipeline will be approximately 680 kilometers and diameter will be 10.75 inches. The LPG pipeline will be transporting 15 Million Tons per Annum (MTPA) of LPG which will be passing through two states of India namely Orissa and West Bengal.

According to IOCL the EPC contract is valued at $19.5 million. With the EPC contract in place the company now plans to start construction of the pipeline by the end of the current quarter. Jaihind Projects has also received a contract to construct a pump station in Paradip from IOCL. The pipeline project is due to completed by the fourth quarter of 2015.

Jaihind Projects is an EPC company engaged in execution of projects spanning across various industry segments such as oil and gas pipeline construction, city gas distribution, horizontal directional drilling, water transmission projects, cathodic protection, tankages and civil infrastructure.

IOCL is India's largest oil marketing company by sales. The company is in the process of expanding its petroleum products marketing network in the country by setting up new grassroot terminals, expanding its existing plants and by laying new refined products pipelines. Other companies like Hindustan Petroleum Corporation Limited (BSE: 500547) (Mumbai) and Bharat Petroleum Corporation Limited (BSE: 500104) (Mumbai) are also planning to lay new pipelines and expand their existing storage and bottling plants in different parts of the country. Indian Oil is has 89 liquefied petroleum gas (LPG) bottling plants, 140 POL depots and terminals, and 10 refineries in India.

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