India's First Private Strategic Petroleum Reserve
Sector: Oil and Gas • Location: Padur, Karnataka, India
Source: The 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 2.5 million metric tonnes facility will enhance India's energy security by supplementing existing reserves. The project includes construction and operation over a five-year construction period and a 60-year operational term, wi
- Status
- Closed
- Sector
- Oil and Gas, Government
- Location
- Padur, Karnataka, India
- Updated
- 22 Jul 2026
- Source
- The 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 2.5 million metric tonnes facility will enhance India's energy security by supplementing existing reserves. The project includes construction and operation over a five-year construction period and a 60-year operational term, with infrastructure for oil handling and pipeline networks. |
Original sector | Energy |
Budget |
Location
Country | India |
State | Karnataka |
City | Padur |
Source
Source | The Times of India |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Government |
Article published date | 2025-09-19 |
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