IndianOil targets Rs 1,300 crore Kerala investment by FY17
1 Feb 2014 4:52 AM IST
The Puthuvypeen project, which will have a capacity of 0.6 million tonnes per annum, is scheduled to be commissioned by 2016-17 to meet the requirements of Kerala and neighbouring states, IOC general manager (Kerala and Lakshadweep) told reporters here.
A 400-km cross-country LPG pipeline from the LPG import terminal at Puthuvypeen to Kochi Refinery Ltd and to Salem via Coimabtore, to be set up at Rs 500 crore investment, has also received approval and work on the same is expected to start by the year end, he said.
These two projects, when completed, are expected to significantly reduce road movement of bulk LPG, he said. ‘We are also enhancing capacity in bottling plants, augmenting storage facilities with an investment of Rs 100 crore,’ he said.
IOC has also apporached the state government for land to construct a Rs 100 crore depot in Thiruvananthapuram.
‘Our efforts to invest in Kerala will continue. IOC has also invested in Petronet LNG plant here. We are concerned about the investment as laying of GAIL pipelines (in parts of Kerala and Tamil Nadu) was taking time. We are seeking the assistance of Kerala and Tamil Nadu governments,’ he said.
On charges that IOC had not adequately compensated victims of the Chala accident in Kannur district, where several people were killed when an LPG bullet truck overturned and went up in flames on 27 August, 2012, he said IOC had handed over a cheque for Rs 2.6 crore to the state government.
Asked about the bullet truck accident at Haripad in Alappuzha district on Wednesday, he said the public sector oil marketing companies — IOC, BPCL and HPCL have established a mutal aid scheme to attend to exigencies arising out of highway accidents involving LPG and POL tank trucks operating in Kerala.
Hence, irrespective of the contract of the tank-truck with any OMC, the nearest OMC establishment attends to the incident without any delay, he said. Pandian said the private companies do not seem to have adequate facilties to handle exigencies. The Haripad incident occurred at 3 AM on 28 January and DYSP Kayamkulam contacted IOC at 6.50 AM to inform them about it.
Though the three OMCs did not have anything to do with the incident, the IOC management decided in public interest to extend full assistance to the district Administration by sending its emergency response vehicle from Kochi and technically qualified persons from its Kochi and Paripally plants, he said. There was no loss of life in the incident.
OMCs would launch the sale of 5 kg LPG cylinders through select retail outlets by next week. This would help the floating population, including the IT sector employees.
This would be kickstarted at Kochi and Thiruvananthapuram to start with and depending on the response, would be introduced in other parts of the state.
A 400-km cross-country LPG pipeline from the LPG import terminal at Puthuvypeen to Kochi Refinery Ltd and to Salem via Coimabtore, to be set up at Rs 500 crore investment, has also received approval and work on the same is expected to start by the year end, he said.
These two projects, when completed, are expected to significantly reduce road movement of bulk LPG, he said. ‘We are also enhancing capacity in bottling plants, augmenting storage facilities with an investment of Rs 100 crore,’ he said.
IOC has also apporached the state government for land to construct a Rs 100 crore depot in Thiruvananthapuram.
‘Our efforts to invest in Kerala will continue. IOC has also invested in Petronet LNG plant here. We are concerned about the investment as laying of GAIL pipelines (in parts of Kerala and Tamil Nadu) was taking time. We are seeking the assistance of Kerala and Tamil Nadu governments,’ he said.
On charges that IOC had not adequately compensated victims of the Chala accident in Kannur district, where several people were killed when an LPG bullet truck overturned and went up in flames on 27 August, 2012, he said IOC had handed over a cheque for Rs 2.6 crore to the state government.
Asked about the bullet truck accident at Haripad in Alappuzha district on Wednesday, he said the public sector oil marketing companies — IOC, BPCL and HPCL have established a mutal aid scheme to attend to exigencies arising out of highway accidents involving LPG and POL tank trucks operating in Kerala.
Hence, irrespective of the contract of the tank-truck with any OMC, the nearest OMC establishment attends to the incident without any delay, he said. Pandian said the private companies do not seem to have adequate facilties to handle exigencies. The Haripad incident occurred at 3 AM on 28 January and DYSP Kayamkulam contacted IOC at 6.50 AM to inform them about it.
Though the three OMCs did not have anything to do with the incident, the IOC management decided in public interest to extend full assistance to the district Administration by sending its emergency response vehicle from Kochi and technically qualified persons from its Kochi and Paripally plants, he said. There was no loss of life in the incident.
OMCs would launch the sale of 5 kg LPG cylinders through select retail outlets by next week. This would help the floating population, including the IT sector employees.
This would be kickstarted at Kochi and Thiruvananthapuram to start with and depending on the response, would be introduced in other parts of the state.
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