Odisha's ₹9,500 cr strategic petroleum reserve project revived
after close1 source ↓written by the desknot a recommendation
- investment amid rising
- ₹9,500 cr
- underground facility
- 4 million-tonne
The strategic petroleum reserve project at Chandikhole, Odisha, is back on track with a ₹9,500 cr investment amid rising crude supply concerns due to the US-Iran conflict. The Indian Strategic Petroleum Reserve Ltd (ISPRL) plans to issue a tender by end of April for the 4 million-tonne underground facility. This initiative is part of India's broader energy security strategy.
Not investment advice. For informational purposes only.