Home > Petrochemicals > IOT to develop crude oil terminal at Paradip

IOT to develop crude oil terminal at Paradip

A consortium of IOT Infrastructure & Energy Services (IOT) and Oiltanking GmbH, Germany, (OT) has bagged an order for development of crude/product tankages facilities at Paradip refinery project in Orissa on BOOT basis by Indian Oil Corporation (IOC). The total project cost is estimated at around Rs 3,000 crore.

IVRCL Infrastructures & Projects is expected to be the JV partner in the SPV called IOT Utkal Energy Services, which has been set up for the implementation of the project.

IOT/OT is to have an equity stake of 62.5 per cent in the SPV and IVRCL through its subsidiary will get 37.5 per cent stake.

The project involves installation, operation and maintenance of nearly 1.4 million tankages for crude oil, petroleum products, LPG and sulphur and associated facilities at Paradip refinery which is expected to go on-stream, during 2012. The concession period is to be 15 years after commissioning.

  1. sujit ku.moharana
    November 30, 2012 at 6:33 PM

    could you please answer me, where the interview is arranging for IOT at paradeep?

  2. chetan routray
    December 4, 2013 at 1:19 PM

    Please, contact me for recurement because i worked from 2010 to 2013 as a Public relation officer.

  3. aswini mallik
    January 9, 2015 at 10:36 PM

    sir m students of bjb college m in interest in iot to do all type job

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