Strategic Crude Oil Storage
Indian Strategic Petroleum Reserve Limited (ISPRL) has already completed the construction of underground rock caverns for SPR with total crude oil storage capacity of 5.33 Million Metric Tonne (MMT) at three locations, viz. (i) Vishakhapatnam (1.33 MMT), (ii) Mangalore (1.50 MMT) and (iii) Padur (2.5 MMT). The Vishakhapatnam, Mangalore and Padur storage facilities have been commissioned and were dedicated to the nation by Prime Minister on 10th February 2019.
The Union Cabinet have given "In Principle approval for establishing 6.5 MMT Strategic Petroleum Reserves at two locations Chandikhol (4 MMT) in Odisha and at Padur (2.5 MMT) Karnataka including dedicated SPM's for the two SPR's. The 'In Principal' approval is to take up the project under PPP model to reduce budgetary support of Government of India.
Participation in SPR Tenders:
More information on SPR: http://www.isprlindia.com/aboutus.asp