Indian Oiltanking Limited (IOTL), India’s leading terminalling services provider and a joint venture of Indian Oil Corporation Limited and Jawaharlal Nehru Port Trust (JNPT), have signed an MoU committing Rs 1.5 billion to infrastructure development near JNPT port. The MoU was signed at the Maritime India Summit held by JNPT on March 2, 2021.
The scope of work for IOTL involves the development of a liquid storage tankage termi- nal, including an additional pipeline from JNPT to the IOTL Navghar terminal. The proposed year of investment for the terminal is 2025.
IOTL is committed to infrastructure devel- opment near JNPT port, which will increase business activity in the region and contribute to national prosperity. Under the Atmanirbhar Bharat Abhiyan announced by the union gov- ernment, IOTL will continually strive to con- tribute towards nation-building and self- reliance by maximising investments in infra- structure and under its corporate social responsibility.