IOCL to invest Rs 2,200 crore in Tamil Nadu
Government-owned Indian Oil Corporation (IOCL) has planned to invest over Rs 2,200 crore in Tamil Nadu in the next two years. IOCL would take up major grassroots and expansion projects in the state. As per the firm projects include a 'grass-roots terminal' at Asanur and Vallur, a 'captive petroleum' project, and an oil and lubricant-LPG jetty at Kamarajar port among others.
The firm would also take up the work for setting up the integrated Lube complex at Ammulaivoyyal village on the outskirts of Chennai, apart from the ongoing projects in the Ennore-Tiruvallur sector, Bengaluru-Puducherry-Nagapattinam-Madurai-Tuticorin gas pipeline and augmentation of Chennai-Tiruchirappalli-Madurai pipeline projects.
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