Indian Oil Corporation will invest Rs 650 crore approax in increasing its storage and bottling capacity in Tripura over the next three years.
Indian Oil-AOD, the company's North East division, will also move a convoy of 20 tankers by the end of August to the North Eastern state for the first time through Bangladesh to avoid the dilapidated NH-44 in Assam.
“Apart from searching new routes to supply fuel for ending the crisis in Tripura, we are looking to raise the storage capacity in the state. We are working on both the possibilities so that common people do not suffer there," Indian Oil Corporation Executive Director (Indian Oil-AOD) Dipankar Ray was quoted as saying in media reports.
The company will set up one Petroleum, Oil and Lubricant (POL) depot and a new bottling plant in Agartala for this pupose, he added.