Hindustan Construction secures contract for strategic oil storage cavern
01.06.2010 - NEWS
December 30, 2009 [Equity Bulls] - HCC (Hindustan Construction Company), a leading infrastructure construction and development company has been awarded a prestigious contract worth Rs. 374.66 Crore (€56,9 million) from Indian Strategic Petroleum Reserves Ltd (ISPRL) to construct strategic crude oil storage cavern at Padur in Karnataka.

HCC is already constructing India’s first strategic crude oil storage in Vishakhapattanam, Andhra Pradesh. This order is for construction of underground rock caverns (Part A) to store 1.25 million tonnes crude oil. It includes, detailed engineering and design, underground excavation, access tunnels, water curtain galleries, main storage cavern, shafts and associated underground civil works including geological mapping. The project will be completed in 36 months.

This project is part of the strategic crude oil storage caverns being set up by Indian Strategic Petroleum Reserves Ltd, a subsidiary of Oil Industry Development board. The first of these oil storages of 1.33 million tonnes capacity is under construction in Vishakhapattanam.

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