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BPCL to invest Rs 1,138-crore to expand Cochin-Coimbatore-Karur pipeline, IDPL
Petroleum - Sep 18,2024 -Bharat Petroleum Corporation (BPCL) has received approval for a capital investment of Rs 1,138 crore towards capacity expansion of the Cochin-Coimbatore-Karur Pipeline (CCKPL), and the under-construction Irugur-Devangonthi Pipeline (IDPL).
The company's Board of Directors at its meeting held on 12 September 2024 has approved the augmentation of the Cochin Coimbatore Karur Pipeline (CCKPL) and Irugur Devangonthi Pipeline (IDPL) along with the setting up of Palakkad TOP Kerala The expansion also includes establishing an oil storage terminal at Palakkad, Kerala.
The capacity of the CCKPL pipeline will be increased from 3.3 MTPA to seven MTPA, while the IDPL pipeline will see an additional 1.1 MTPA, bringing its total to 3.5 MTPA once completed. The project, aimed at improving the evacuation of finished petroleum products from BPCL's Kochi Refinery, is expected to be completed within 36 months, pending statutory approvals and land acquisition. The investment will be financed through BPCL’s internal accruals.
The pipelines run through Kerala and Tamil Nadu.
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