Punj Lloyd Group has been awarded a Rs 330-crore order for process facilities and utilities at an upcoming crude oil storage cavern in Mangalore, Karnataka by Indian Strategic Petroleum Reserves Ltd.
The Mangalore crude oil storage will comprise two separate but identical underground caverns having a total capacity of 1.5 million tonnes of crude oil. The project, located near Mangalore Refinery and Petrochemicals Ltd, is scheduled to be completed within a period of 29 months.
Indian Strategic Petroleum Reserves is a wholly owned subsidiary of Oil Industry Development Board, Ministry of Petroleum and Natural Gas.