Kolkata: Maharatna Oil PSU Indian Oil is investing Rs 6,690 crore in West Bengal that includes its Rs 3,000crore funding in Haldia Refinery for making it BS VI-compliant. IOC executive director Pritish Bharat pointed out that besides BS VI, it is investing in pipelines, modernisation of retail outlets along with others. The PSU oil-marketing company is investing Rs 341 crore in Paradip-Somnathpur-Haldia pipeline project and another Rs 1,199 crore for augmentation of Paradip-Haldia-Durgapur pipeline.
All the pipeline projects are likely to be completed by October 21, though some projects would be operational before that, the IOC ED said.
Earlier, Bharat said that it has already started supplying BS VI-compliant products to retail outlets so that it can gradually mix with BS IV and by April 1, the entire fleet of 1,233 retail outlets of IOC in the state is refilled with BS VI. According to him, 26 new retail outlets and 43 rural outlets will be commissioned this year in West Bengal.
