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BPCL, IndianOil, HPCL enter pact for Kandla-Gorakhpur LPG Pipeline

Tuesday, 04 Jun 2019
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The Bharat Petroleum Corporation (BPCL), the Indian Oil Corporation (IndianOil), and the Hindustan Petroleum Corporation (HPCL) have entered an agreement for formation of a joint venture (JV) company for Kandla-Gorakhpur LPG Pipeline on 3 June 2019.

The companies have formed the JV for implementation and subsequent operation of 2,757 km LPG pipeline from Kandla to Gorakhpur.

BPCL, IndianOil, and HPCL will have 25 percent, 50 percent and 25 percent equity holding respectively in the JV company.

The proposed pipeline will source product from Kandla and other LPG import terminals on West Coast and two refineries at Koyali and Bina and directly link 22 LPG bottling plants in Gujarat (three), Madhya Pradesh (six) and Uttar Pradesh (13) owned by the three companies.

Moreover, the pipeline will feed LPG through road-bridging to additional 21 LPG bottling plants in Rajasthan, Gujarat, Madhya Pradesh, Maharashtra and Uttar Pradesh.

 

 
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