Indian Oiltanking Limited (IOTL), a joint venture of IOCL and the Jawaharlal Nehru Port Trust (JNPT), has signed an MoU committing Rs 1.5 billion to infrastructure development near JNPT. 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 terminal, including an additional pipeline from JNPT to IOTL’s Navghar terminal. The terminal is expected to commence operations in 2025.
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