Amidst a mammoth gathering at the HEC Campus, Dhurwa in Ranchi, Jharkhand, the Prime Minister, Mr. Narendra Modi, dedicated Indian Oil Corporation’s bulk fuel storage terminal at Jasidih in Deoghar district to the nation on August 21 in the presence of Mr. Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas, and other dignitaries.
Jasidih is the first pipeline-fed terminal of Jharkhand. Covering an area of 26 acres it was built at a total cost of Rs. 109 crores with state-of-the-art technology and complying with all applicable specifications of the Oil Industry Safety Directorate (OISD). The tap-off point terminal would handle petrol, diesel and kerosene supplies to the markets of Bokaro, Shanbad, Giridih, Deoghar, Jamtara, Godda, Dumka, Pakur and Sahibganj. Supplies to these areas are currently being met from Dhanbad and Ranchi depots.
The Jasidih terminal has been equipped with product storage facilities aggregating 31,600 kl. Of the total product storage, petrol would be 10,694 kl, diesel 15,814 kl, kerosene 4,882 kl and ethanol 210 kl.
Since the products would be loaded into tank-trucks for onward movement and distribution in the neighbouring markets, the terminal has been provided with a 12-bay tank lorry filling shed with state-of-the-art bottom loading facilities and the latest environment-friendly technology of vapour recovery system. The entire operations of the terminal would be controlled from a centralized control room, with minimum manual intervention. The terminal would be loading approximately 160-180 tank-trucks per day in single shift.
The terminal will not only cater to the current petroleum demand in the region but is also geared to meet the likely growth in demand in the coming years. Uninterrupted supply of vital petroleum products from this facility will go a long way in boosting industrial growth in the region, especially in the core sectors of coal mining, steel, bauxite and mica.
IndianOil, the highest ranked Indian company in the latest Fortune ‘Global 500’ listings, closed the year 2013-14 with the income from operations at Rs. 4,73,210 crores and a net profit of Rs. 7,019 crores.
IndianOil’s improved performance Indian Oil Corporation (IOC) has reported a net profit of Rs. 2,523 crores on income from operations of Rs. 1,24,957 crores for the quarter ended June 30, 2014. During the corresponding period in the previous year, the Corporation reported a net loss of Rs. 3,093 crores on income from operations of Rs. 1,10,467 crores. The increase in net profit during the first quarter of the current year is mainly attributable to exchange variations and lower interest cost. Mr. B. Ashok, Chairman, IndianOil, said: “IndianOil sold 19.772 million tonnes of products, including exports, during April-June 2014. Our refining throughput for Q1 2014-15 was 12.866 million tonnes and the throughput of the Corporation’s countrywide pipelines network was 18.890 million tonnes during the same period.” |