PM dedicates IOC terminal at Jharkhand

The Jasidih terminal, built at a cost of Rs 109 crore, is the first pipeline fed terminal of the state

Prime Minister Narendra Modi today dedicated to the nation a newly built oil storage depot of state-owned Indian Oil Corp at Jasidih in Deoghar district of Jharkhand.

Spread on 26 acres, the Jasidih terminal, which was built at a cost of Rs 109 crore, is the first pipeline fed terminal of Jharkhand, IOC said in a press statement.

The state-of-the-art terminal would handle petrol, diesel and kerosene supplies to the markets of Bokaro, Shanbad, Giridih, Deoghar, Jamtara, Godda, Dumka, Pakur and Sahibganj.

The supplies to these areas are currently being met from Dhanbad and Ranchi depots.

The Jasidih terminal has been equipped with product storage facilities aggregating to 31,600 kilolitres (kl). Of this, petrol would be 10694 kl, diesel 15814 kl, kerosene 4882 kl and ethanol 210 kl.

"Since the products would be loaded into tank-trucks for onward movement and distribution in the neighbouring markets, the terminal has been provided with a 12-bay tank lorry filling shed with state-of-the-art bottom loading facilities and the latest environment-friendly technology of vapour recovery system," IOC said.

The entire operations of the terminal would be controlled from a centralised Control Room, with minimum manual intervention.

The terminal would be loading about 160-180 tank-trucks per day in single shift.

"The Jasidih terminal will not only cater to the current petroleum demand in the region but is also geared up to meet the likely growth in demand in the coming years.

"Uninterrupted supply of vital petroleum products from this IOC facility will go a long way in boosting industrial growth in the region, especially in the core sectors of coal- mining, steel, bauxite and mica," the statement said.

IOC, the nation's largest company, is the highest ranked Indian company in the latest Fortune 'Global 500' listings, ranked at the 96th position.