HCC bags 3.75 billion rupees order to construct country's first strategic oil storage

New Delhi, Jan 17 (ANI/Business Wire India): Hindustan Construction Company (HCC), a leading infrastructure construction and development company has bagged a contract worth 3.75 billion rupees from Indian Strategic Petroleum Reserves Limited (ISPRL) to construct the country's first strategic crude oil storage at Vishakhapattanam.

This order is for construction of underground rock caverns for storage of crude oil. It includes, detailed engineering and design, underground excavation, access tunnels, water curtain galleries, main storage cavern, shafts and associated underground civil works including geological mapping. The project will be completed in 36 months.

This project is part of the three strategic crude oil storages with a total capacity of 5 million tons planned by Indian Strategic Petroleum Reserves Ltd, a subsidiary of Oil Industry Development Board. The first of these oil storages of 1.33 million tonnes capacity is planned in Vishakhapattanam.

With technical expertise in underground works in geologically complex terrain, HCC has built India's first major underground power house in the Himalayan region for the Yamuna Hydel Project in Uttar Pradesh in 1975.

HCC is also accredited with building the longest 11.3 km-long Head Race Tunnel (HRT) for Nathpa Jhakri hydroelectric power project.

ANI