Mumbai, January 17, 2008: HCC (Hindustan Construction Company), a leading infrastructure construction and development company has bagged a prestigious contract worth Rs. 375.37 crore today from Indian Strategic Petroleum Reserves Limited (ISPRL) to construct India"s first strategic crude oil storage at Vishakhapattanam, Andhra Pradesh.
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.
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. The project will be completed in 36 months.