India's First Private Strategic Petroleum Reserve at Padur
Sector: Oil and Gas • Location: Padur, Karnataka, India
Source: The Economic Times
Megha Engineering & Infrastructures Ltd has won a Rs 5,700-crore project to build and operate India's first private-sector strategic petroleum reserve (SPR) with a capacity of 2.5 million metric tonnes at Padur, Karnataka. The project aims to significantly boost India's energy security by adding to the existing strategic stockpile. Megha Engineering has five years to build and 60 years to operate
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Description
Description | Megha Engineering & Infrastructures Ltd has won a Rs 5,700-crore project to build and operate India's first private-sector strategic petroleum reserve (SPR) with a capacity of 2.5 million metric tonnes at Padur, Karnataka. The project aims to significantly boost India's energy security by adding to the existing strategic stockpile. Megha Engineering has five years to build and 60 years to operate the SPR, which includes building dedicated oil loading and unloading facilities, along with onshore and offshore pipelines. |
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