IOC to commission Paradip-Hyd pipeline project by 2023

Indian Oil Corporation Ltd (IOCL) is hopeful to commission Paradip-Hyderabad Pipeline Project (PHPL) by the end of next year. The company is investing Rs 3,338 crore to execute this project for enhanced fuel supplies to its retail outlets in three States. This project links Paradip refinery in Odisha to Hyderabad in Telangana via Andhra Pradesh.

IOCL is the market leader in Telangana with highest market share of 34.6 per cent in petrol, 38 per cent in diesel and 40 per cent in domestic LPG business. It has 1,425 retail outlets in the State, supported by storage infrastructures at Cherlapally and Ramagundam.

 It also has a product storage capacity of 11.86 TKL of petrol and 42.56 TKL of diesel in both these locations. In last three years, IOCL has commissioned 337 retail outlets in Telangana including 188 in rural areas. It has solarized 552 outlets in the State accounting to an installed capacity of 3,400 KW. It has setup 94 battery charging stations in the last three years, and aims to commission another 264 charging stations this year.

IndianOil had issued Letter of Intent for setting up of seven compressed biogas (CBG) production plants in Telangana. Of them, three will come up in Hyderabad and one each in Jangaon, Mahabubnagar, Medchal and Warangal.

CBG purchased from these plants through a long-term agreement would be marketed through IndianOil’s retail outlets under the brand ‘IndiGreen’.

Currently, ethanol blending in petrol of about 10 per cent has been achieved. IOCL is working towards 20 per cent ethanol blended petrol in line with the government mandate. Additional tankage of 6 TKL is being constructed at the upcoming Malkapur terminal to increase the tankage capacity in line with 20 per cent ethanol blending with 40 days coverage.