IOC to invest Rs 9,028 cr for new crude oil pipeline from Mundra

Indian Oil Corporation (IOC), the nation’s largest oil firm, on Thursday said it will invest Rs 9,028 crore in laying a new crude oil pipeline from Mundra in Gujarat to Panipat in Haryana.

The pipeline, which will have a nameplate capacity of 17.5 million tonne per annum, will transport imported crude oil from the Gujarat coast to the firm’s refinery in Haryana, the company said in a statement.