Current Affairs - Business - Discussion

Indian Oil announced a ₹2,449 crore investment to construct and operate a 424.65-km natural gas pipeline connecting Kochi, Kanyakumari and Thoothukudi. The pipeline will pass through Kerala and Tamil Nadu and have a total capacity of 6.84 million standard cubic metres per day (MMSCMD), including a common carrier capacity of 1.71 MMSCMD. The project aims to strengthen India’s natural gas infrastructure and increase the share of natural gas in the country’s energy mix. Indian Oil Corporation Limited (IOCL) is a Maharatna public sector enterprise headquartered in New Delhi and operates under the Ministry of Petroleum and Natural Gas.