IOC to ramp up LPG output in Northeast by 53% to 80 mn cylinders by 2030
PSU major Indian Oil Corp (IOC) is planning three new plants in the Northeast to increase its LPG bottling capacity by nearly 53 per cent to eight crore cylinders annually by 2030 to meet the growing demand in the region.
IOC Executive Director (IndianOil-AOD) G Ramesh said the proposed new LPG bottling plants will come up in Mizoram, Meghalaya and Arunachal Pradesh at a total investment of Rs 325-350 crore in a combination of wholly-owned and public-private-partnership (PPP) models.
“We are expanding our bottling capacities in order to meet the growing demand of LPG in the Northeastern region. We target to have bottling capacity of eight crore cylinders per annum by 2030 against a projected demand of seven crore units,” he told PTI.
