Indian Oil Approves ₹2,449 Crore NG Pipeline Project

Indian Oil Corporation has approved an investment of ₹2,448.70 crore for developing a 424.65-km natural gas pipeline connecting Kochi in Kerala with Thoothukudi in Tamil Nadu. The project is aimed at strengthening gas infrastructure in southern India and improving connectivity between key industrial and energy-consuming regions. The pipeline is expected to support the expansion of natural-gas usage across industrial, commercial and other customer segments along its route. Indian Oil said the investment was approved by its board as part of its broader strategy to expand its gas infrastructure and diversify its energy portfolio. The project adds another major infrastructure commitment to the company’s ongoing capital-expenditure programme. Disclaimer: The views expressed purely for educational and informational purposes and do not constitute financial advice or a recommendation to buy, sell, or hold any security