You are here: Home » Companies » News
Business Standard

IOC eyes Tata's Gopalpur industrial park for common user facility

IOCL requires about 100 acres of land for the common user facility proposed for the supply of kerosene, diesel & petrol

Jayajit Dash & Nirmalya Behera  |  Bhubaneswar 

Indian Oil Corporation, IOCL, IOC
Indian Oil Corporation logo outside a fuel station in New Delhi. Photo: Reuters

Oil marketing company Ltd (IOCL) has identified of as a possible site for setting up a common user facility in is the anchor tenant for the park where it has invested Rs 542 crore on a ferrochrome project with an annual capacity of 55,000 tonnes per annum.

"We have sought land from the state government for setting up a common user facility in The government has requested us to take land at the of for which we have done a feasibility study. But, no decision has been taken yet as more sites are also being explored", said an official.


requires about 100 acres of land for the common user facility proposed for the supply of kerosene, and The capacity is envisaged at 77,000-kilolitres and will see an investment of Rs 350 crore.

The facility is planned to keep in mind IOCL's underground cross-country pipeline of 1150 km length from its Paradip refinery to Hyderabad.
 
has recently got the nod of the State Pollution Control Board (SPCB), for the 330-km pipeline passing through The pipeline will be used for transportation of petroleum products like high-speed diesel, motor spirits, and superior oil and aviation turbine fuel of 4.5 million tonnes per annum. The project cost in the state alone is pegged at Rs 983 crore.
 
Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation( HPCL) will also use the facility for supply of their products.
 
The proposal of Ltd to set up the common user facility for storage of petroleum products at in Ganjam has already received the approval of the state government.
 
did not respond to queries on the common user facility. A questionnaire sent by e-mail remained unanswered.
 
Tata Steel's industrial park at Gopalpur is spread over 2970 acres. Of this, 1235 acres is notified as a (SEZ). The steelmaker, through its fully owned subsidiary Ltd (TSSL), intends to develop the residual land as a Domestic Tariff Area (DTA). Since investments for the had not taken off, TSSL aimed to develop the DTA concomitantly to accelerate investments.
 
For the notified area, the company has signed a memorandum of understanding (MoU) with BS Minerals for a manufacturing unit on two acres. In the non-patch, other than Tata Steel's ferrochrome plant, Sure Safety Solutions has put up a unit over five acres for aerial manufacturing targets.
 
TSSL has been intensifying efforts to lure investors for the industrial park which has potential to attract investments of the order of Rs 20,000 crore. The steel company has staged road shows in both overseas and domestic locations to pull investors.

First Published: Sat, October 21 2017. 00:19 IST
RECOMMENDED FOR YOU