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Govt may complete work on Permude cavern by year end

Govt may complete work on Permude cavern by year end

Government has completed 95 per cent work on the Permude underground rock caverns for crude oil with a storage capacity of 2.5 million metric tonne of crude oil, media reports indicate. The project was originally slated for completion in September last year, but it is expected to be completed by the end of 2013. From May, government would begin work on laying a 12-km pipeline from Thokur to Perm

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Beypore port plans to raise storage capacity

Beypore port plans to raise storage capacity

Jacob Thomas, Director of Beypore port assured all the stakeholders of the port that the management would examine whether it is possible to raise the storage area by occupying the land and buildings of Steel Authority of India (Sail). Recently, stakeholders of the port demanded for increased covered storage space. Shortage of port's own

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HPCL mulls LPG storage facility for Rs 700 cr

HPCL mulls LPG storage facility for Rs 700 cr

Media reports suggest that Hindustan Petroleum Corp (HPCL) is discussing the feasibility of a Rs 600-700 crore project to set up underground storage facility for liquefied petroleum gas (LPG). The company proposes to set up the facility, which would be its second one, in Mangalore and it is expected to arrive at a decision on the project in the next six
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PPT seeks waiver of license norms

PPT seeks waiver of license norms

Paradip Port Trust (PPT) is awaiting a positive response on its request to waive license norms for storing imported coal at its warehouse. The port is mandated to secure a storage licence and a transport license for all mineral transactions under the Odisha Mineral (Prevention of Theft, Smuggling and Illegal mining and Regulation of Possession, Storage and Tran

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IOCL to begin work on Rs 97 cr project

IOCL to begin work on Rs 97 cr project

According to a company source, Indian Oil Corporation (IOCL) has received environment clearance for its Rs 97 crore oil depot project at Jharsuguda in Odisha and work on it