+
AP  to receive Rs 1,689 cr from Indian Oil Corporation
ECONOMY & POLICY

AP to receive Rs 1,689 cr from Indian Oil Corporation

In a recent announcement, Indian Oil Corporation said it is all set to infuse a sum worth Rs 1,689 crore into Andhra Pradesh, specifically to facilitate the development and expansion of its infrastructure and distribution network in a bid to meet the rising demand for petroleum products, including diesel, petrol, and LPG in the region.

At a press conference, Indian Oil officials disclosed that the projects that have been undertaken and subsequently scheduled for commissioning in the next two years. According to the corporation, Rs 1,522 crore out of the entire investment would be pumped into the infrastructure of petro products and the remaining Rs 167 crore into liquified petroleum gas (LPG). Further, Kondapalli’s existing Vijayawada Terminal, which is set to function as the Tap Off Point Terminal for the Paradip-Hyderabad Pipeline (PHPL), would undergo a revamping to increase its storage capacity.

A grassroots Tap Off Point Terminal for the PHPL is in the works at Atchutapuram in Visakhapatnam to meet the needs of the districts of Visakhapatnam, Srikakulam, and Vizianagaram, he added. He said that the completion of this terminal, which is spread over 60 acres of land and is being undertaken for Rs 466 crores is expected to achieve completion by July 2021.

Apart from the three existing Indane LPG bottling plants at Visakhapatnam, Kadapa, and Kondapalli, a new one is all set to be established in Chittoor. The setting up of the new plant would improve the bottling capacity of the state to an estimate of about 1.4 lakh cylinders per day. Additionally, the construction of a new rail fed depot worth Rs 385 crore is in the works at Nakkandodi in Guntakal. This project, which has a tankage capacity of approximately 55,000 kilometres is likely to undergo commissioning by March 2021.

To progress with the setting up of the new 1,291 retail outlets in the state, IOC has sent applications. So far, it has recorded just 1,139 responses, upon which it has issued the letter of intent for the opening of 346 outlets.

Source: The Hindu

Also read: Rs 100 bn to be invested in 1,000 LNG stations

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

In a recent announcement, Indian Oil Corporation said it is all set to infuse a sum worth Rs 1,689 crore into Andhra Pradesh, specifically to facilitate the development and expansion of its infrastructure and distribution network in a bid to meet the rising demand for petroleum products, including diesel, petrol, and LPG in the region. At a press conference, Indian Oil officials disclosed that the projects that have been undertaken and subsequently scheduled for commissioning in the next two years. According to the corporation, Rs 1,522 crore out of the entire investment would be pumped into the infrastructure of petro products and the remaining Rs 167 crore into liquified petroleum gas (LPG). Further, Kondapalli’s existing Vijayawada Terminal, which is set to function as the Tap Off Point Terminal for the Paradip-Hyderabad Pipeline (PHPL), would undergo a revamping to increase its storage capacity. A grassroots Tap Off Point Terminal for the PHPL is in the works at Atchutapuram in Visakhapatnam to meet the needs of the districts of Visakhapatnam, Srikakulam, and Vizianagaram, he added. He said that the completion of this terminal, which is spread over 60 acres of land and is being undertaken for Rs 466 crores is expected to achieve completion by July 2021. Apart from the three existing Indane LPG bottling plants at Visakhapatnam, Kadapa, and Kondapalli, a new one is all set to be established in Chittoor. The setting up of the new plant would improve the bottling capacity of the state to an estimate of about 1.4 lakh cylinders per day. Additionally, the construction of a new rail fed depot worth Rs 385 crore is in the works at Nakkandodi in Guntakal. This project, which has a tankage capacity of approximately 55,000 kilometres is likely to undergo commissioning by March 2021. To progress with the setting up of the new 1,291 retail outlets in the state, IOC has sent applications. So far, it has recorded just 1,139 responses, upon which it has issued the letter of intent for the opening of 346 outlets. Source: The Hindu Also read: Rs 100 bn to be invested in 1,000 LNG stations

Next Story
Real Estate

Mumbai Records 11,230 Property Deals in August 2025

Mumbai’s property market remained resilient in August 2025, with 11,230 property registrations recorded under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, according to data released by Knight Frank India. While this marks a 3 per cent year-on-year (YoY) decline compared to 11,631 registrations in August 2024, activity stayed robust despite the marginal dip.On a month-on-month (MoM) basis, registrations fell 11 per cent from 12,579 deals in July 2025, indicating seasonal moderation. However, the city’s stamp duty collections still reached Rs 10 billion, reflecting a 6 per cent..

Next Story
Infrastructure Transport

68 Jammu-Katra Trains Cancelled Amid Rain Damage

Jammu and Katra railway services remain severely affected as Northern Railway announced the cancellation of 68 trains—both incoming and outgoing—until 30 September, due to extensive track damage caused by heavy rains and flash floods. Meanwhile, 24 trains are scheduled to resume operations gradually.The Jammu railway division has experienced a complete halt in services for the past eight days, following track misalignment and breaches at several points along the Pathankot–Jammu section. Torrential rainfall since 26 August led to widespread flooding and damage, stranding hundreds of passe..

Next Story
Infrastructure Transport

Bangalore Metro MD Reviews Reach 6 and Phase 2A Progress

Bangalore Metro Rail Corporation Limited (BMRCL) Managing Director, Dr J Ravishankar, IAS, conducted inspections of key metro corridors on 29 and 30 August, reviewing the progress of Reach 6 (Pink Line) and Phase 2A (Blue Line).On 30 August, the inspection covered Reach 6, a 21.39-km corridor stretching from Kalena Agrahara to Nagawara, with 18 stations. This stretch is part of Phase 2 of the Bangalore Metro project. Dr Ravishankar assessed the status of civil works, finishing, track laying, and system integration between Kalena Agrahara and MG Road.Earlier, on 29 August, the MD inspected Phas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?