Odisha's ₹9,500 cr strategic petroleum reserve project moves forward
pre-market1 source ↓written by the desknot a recommendation
- project aims
- ₹9,500 cr
- underground crude storage
- 4-million-tonne
The strategic petroleum reserve (SPR) project in Chandikhole, Odisha, is set to resume with a tender expected by the end of April. The ₹9,500 cr project aims to establish a 4-million-tonne underground crude storage facility, addressing concerns over crude supply disruptions amid the ongoing US-Iran conflict. This initiative is part of India's broader energy security strategy.
Not investment advice. For informational purposes only.