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IOC to invest Rs 1,500 cr to ramp up storage in Northeastern part of India

Industry Petroleum & Natural Gas

Indian Oil Corporation is planning to strengthen its various divisions, including storage and retail, over the next three-four years in the Northeast region of the country. It is scouting for land in states such as Assam, Tripura and Mizoram to increase storage capacities of petroleum products. Estimated cost of the project is around Rs. 1,500 cr.

Extracted from BS, June 07,’15

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