Indian Oil Corporation Limited (IOC), the country's largest oil marketing company, expects to commission its proposed modern depot at Jharsuguda (Orissa) by the end of 2012.
V Ramgopal, general manager (marketing), IOC said, “The Orissa government has allotted 38 acres of land to us at Jharsuguda. The depot is expected to be operational by the end of 2012.”
IOC's depot at Jharsuguda, which involves an investment of Rs 100 crore, will have a capacity of 60,000 kilo litre (KL).
The company has decided to set up the biggest depot of the state at Jharsuguda keeping in view the upcoming industries in sectors like steel, aluminium and power in the region.
At present, the company has a modern depot at Jatni, about 20 km from here. The capacity of this depot is 40,000 KL but only 25,000 KL of petroleum products are stored in it at present.
Earlier, IOC had announced that it would close its depots at Sambalpur, Paradeep, Rourkela, Talcher and Jeypore in a phased manner. The company has already shut its depot at Berhampur and products like petrol and diesel are now being supplied to south Orissa from the company’s depot at Jatni
The oil marketing company aimed to rationalize its operations across the country and had decided to close the very old and small depots on grounds of safety.
Asked on IOC's plans to set up a wind mill at Paradeep, he said, “Paradeep has been identified as one of the tentative locations for setting up of a wind mill by IOC but we have not firmed up plans on this project. In any case, the wind mill can only come up after the commissioning of the company's refinery at Paradeep.”
The company has already set up two wind mills in the states of Gujarat and Tamil Nadu Presently, IOC has a network of over 500 outlets in Orissa.
IOC has a 52 per cent market share in the state in terms of combined sales of petrol, diesel, LPG and kerosene. In 2008-09, the company clocked a turnover of Rs 2,500 crore from the sales of these four products in the Orissa market.