Indian Oil Corporation approves a $256 million investment for a natural gas pipeline in southern India.
According to 36Kr, Indian Oil Corporation has approved an investment of about 245 billion rupees ($2.56 billion) to build and operate a natural gas pipeline from Kochi to Tuticorin, with a daily transmission capacity of 6.84 million standard cubic meters. The approval was disclosed in a stock exchange filing dated September 21.
Key facts
- 01Indian Oil Corporation approved an investment of approximately 24.5 billion rupees ($2.56 billion) for a natural gas pipeline.
- 02The pipeline runs from Kochi to Tuticorin and will be built and operated by IOC.
- 03The pipeline system has a daily capacity of 6.84 million standard cubic meters of gas.
- 04The information comes from a stock exchange filing dated September 21.
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