NEW DELHI: Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have joined in the country’s longest LPG pipeline project being laid by state-owned Indian Oil Corp (IOC) to cater to cooking fuel needs of a fourth of the country’s population.
BPCL and HPCL will take 25 per cent stake each in the ₹9,000 crore project that involves laying of a pipeline from Kandla in Gujarat to Gorakhpur in Uttar Pradesh, the companies said in separate but almost identical regulatory filings.
IOC, which had in 2016 proposed laying of the pipeline, will hold the remaining 50 per cent stake.
