IOCL plans Rs 840 cr investment in greenfield facility in Northeast

06 Apr 2022 CW Team

Executive Director of IOCL, G Ramesh, told the media that the company plans to take its POL capacities to 5,530 metric tonnes per annum (mtpa) by 2030 from the existing 3,160 mtpa.

He said that two major projects are coming up in the POL segment. The first one is setting up a greenfield depot at Sekerkote in Tripura with an investment of around Rs 540 crore and will be completed by 2024.

Currently, land clearing works are ongoing, followed by the commencement of the construction.

Ramesh said that there is another major project that we will undertake is the expansion of the Betkuchi POL depot in Guwahati. It has earmarked Rs 298 crore to increase the storage intake to 54,000-kilolitre from 25,000-kilolitre and install new fire water tanks and other facilities.

He said the company has already acquired 10.67 acres of land to expand the Betkuchi plant.

The company completed constructing a greenfield POL unit at Moinarbond, Assam. Now railway tracks are being aligned for facilitating the bulk movement of fuel.

Ramesh said that the company had invested Rs 5-4 crore in the Silchar plant. It is a major greenfield unit, and it will be commissioned within the next few months.

After the greenfield units are operationalised, over 800 people will be hired at Moinarband and Sekerkote through permanent and contract modes.

Presently, IOCL has 13 POL depots in the Northeast region, having an installed capacity of 3,160 mtpa, while the capacity utilisation is 2,428 mtpa.

An official said that after all our expansion projects are completed, the company's installed storage capacity will reach 5,530 mtpa against a projected demand of 4,950 mtpa by 2030.

IOCL had said it is embarking on a major expansion drive to enhance its LPG bottling capacity in the Northeast region by about 53% to eight crore cylinders per year by 2030 to cater to the need for cooking fuel.

Image Source

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Indian Oil Corporation Limited (IOCL) told the media that it would invest about Rs 840 crore to expand its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility in the Northeast region. Executive Director of IOCL, G Ramesh, told the media that the company plans to take its POL capacities to 5,530 metric tonnes per annum (mtpa) by 2030 from the existing 3,160 mtpa. He said that two major projects are coming up in the POL segment. The first one is setting up a greenfield depot at Sekerkote in Tripura with an investment of around Rs 540 crore and will be completed by 2024. Currently, land clearing works are ongoing, followed by the commencement of the construction. Ramesh said that there is another major project that we will undertake is the expansion of the Betkuchi POL depot in Guwahati. It has earmarked Rs 298 crore to increase the storage intake to 54,000-kilolitre from 25,000-kilolitre and install new fire water tanks and other facilities. He said the company has already acquired 10.67 acres of land to expand the Betkuchi plant. The company completed constructing a greenfield POL unit at Moinarbond, Assam. Now railway tracks are being aligned for facilitating the bulk movement of fuel. Ramesh said that the company had invested Rs 5-4 crore in the Silchar plant. It is a major greenfield unit, and it will be commissioned within the next few months. After the greenfield units are operationalised, over 800 people will be hired at Moinarband and Sekerkote through permanent and contract modes. Presently, IOCL has 13 POL depots in the Northeast region, having an installed capacity of 3,160 mtpa, while the capacity utilisation is 2,428 mtpa. An official said that after all our expansion projects are completed, the company's installed storage capacity will reach 5,530 mtpa against a projected demand of 4,950 mtpa by 2030. IOCL had said it is embarking on a major expansion drive to enhance its LPG bottling capacity in the Northeast region by about 53% to eight crore cylinders per year by 2030 to cater to the need for cooking fuel. Image Source

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..