Indian Oil Corporation has planned to invest over Rs 2,200 crore in Tamil Nadu over the next two years for major grassroots and expansion projects.
Among the projects are a ‘grass-roots terminal’ at Asanur and Vallur, a ‘captive petroleum’ project, and an oil and lubricant-LPG jetty at Kamarajar port, according to V C Asokan, executive director of Indian OilCorporation Ltd and Tamil Nadu State Head.
The company would also take up the work for setting up the integrated Lube complex at Ammulaivoyyal village on the outskirts of Chennai, apart from the ongoing projects in the Ennore-Tiruvallur sector, Bengaluru-Puducherry-Nagapattinam-Madurai-Turicorin gas pipeline and augmentation of Chennai-Tiruchirappali-Madurai pipeline projects, he said.
