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New underground oil storage facility at Padur, Udupi

Sector: Government • Location: Udupi, Karnataka, India

Source: Daijiworld

Project
Planned

A new underground oil storage facility with a capacity of 2.5 million metric tonnes will be constructed at Padur in Udupi district by Megha Engineering & Infrastructures Ltd (MEIL). The project involves building the facility on 214 acres of land provided free of cost by Indian Strategic Petroleum Reserves Ltd (ISPRL). MEIL won the bid for this project, marking the first time a private company has

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The project “New underground oil storage facility at Padur, Udupi” is an infrastructure initiative in the Government sector, located in Udupi, Karnataka, India. Taiyo aggregates data on it from Daijiworld.

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planned

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Description

Description

A new underground oil storage facility with a capacity of 2.5 million metric tonnes will be constructed at Padur in Udupi district by Megha Engineering & Infrastructures Ltd (MEIL). The project involves building the facility on 214 acres of land provided free of cost by Indian Strategic Petroleum Reserves Ltd (ISPRL). MEIL won the bid for this project, marking the first time a private company has secured such a project. The facility is to be completed within five years and maintained for 60 years. The storage space can be leased to the government or oil companies, with the government having first rights in emergencies.

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High

Data quality score

100%

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