India plans to build its first commercial crude oil storage at Padur, Karnataka, with 2.5 million tonnes capacity. The project under ISPRL will be operated in a PPP model, with India retaining emergency oil usage rights. Deadline for bids is April 22.
This development is part of ISPRL s strategic move to fully lease out the Mangaluru strategic petroleum reserve, which features two caverns of the same capacity.
Kapu: The process of acquiring 210 acres of land for Phase-II work of the Indian Strategic Petroleum Reserves Limited (ISPRL) at Majoor Gram Panchayat limits has started a.