New Delhi, March 26 -- The West Asia war and the disruptions to energy supply have stirred urgency around India's long-delayed push to build strategic petroleum reserves (SPRs). Indian Strategic Petroleum Reserve Ltd (ISPRL) is set to float a tender by the end of April for a 4-million-tonne facility at Chandikhol in Odisha that had been approved five years ago, and advance yet another project at Padur in Karnataka, people aware of the developments said.
While the Chandikhol facility's construction cost is pegged at $1 billion, another $3 billion may be required to fill the reserve, they said.
In another development, Hyderabad-based Megha Engineering and Infrastructures Ltd (MEIL) has got the work order to develop India's first strategic...
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