HPCL, BPCL and IOCL planning to share the investments for upcoming product and gas pipelines

Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL) are planning to share the investments for upcoming product and gas pipelines across the country. This will help them reduce the capital expenditure on pipelines and enter new markets at less than 50 per cent of the original project cost. The companies have identified five-six major pipeline projects where they plan to share the infrastructure.