India's First Private Strategic Petroleum Reserve
Sector: Oil and Gas • Location: Padur, Karnataka, India
Source: Times of India
Megha Engineering & Infrastructures Ltd has secured a Rs 5,700 crore contract to build and manage India's first private strategic petroleum reserve in Padur, Karnataka. The project involves constructing a 2.5 million metric tonnes (MMT) facility to enhance India's energy security. The company has a five-year construction period and a 60-year operational term. The project includes specialized infra
- Status
- Closed
- Sector
- Oil and Gas, Government
- Location
- Padur, Karnataka, India
- Updated
- 22 Jul 2026
- Source
- Times of India
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Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Megha Engineering & Infrastructures Ltd has secured a Rs 5,700 crore contract to build and manage India's first private strategic petroleum reserve in Padur, Karnataka. The project involves constructing a 2.5 million metric tonnes (MMT) facility to enhance India's energy security. The company has a five-year construction period and a 60-year operational term. The project includes specialized infrastructure for oil handling, including onshore and offshore pipeline networks. The crude oil filling expense is $1.25 billion (Rs 11,020 crore). |
Original sector | Energy |
Budget |
Location
Country | India |
State | Karnataka |
City | Padur |
Source
Source | Times of India |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Government |
Article published date | 2025-09-19 |
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