IOC to upgrade all fuel pumps in MP, Chhattisgarh by 2015.

Indian Oil Corporation Limited (IOC) will upgrade all its fuel pumps into automated ones in Madhya Pradesh and Chhattisgarh by end of 2015.

'As many as 25 per cent of our outlets are fully automated and all outlets in Madhya Pradesh and Chhatisgarh will be automated by 2015,' said Sanjeev Kumar Jain, General Manager, Madhya Pradesh IOC.

Also, to increase its tankage capacity, the company is planning to set up two terminals in Chhattisgarh and one in Madhya Pradesh.

'We will set up two terminals with considerable storage capacity at Lakholi and Korba in Chhattisgarh, while the other will come up in Madhya Pradesh. Also the existing petrol depot of the company in Bhopal will be shifted to Phandakala near Phanda railway station,' said Jain.

The capacity of the Lakholi terminal will be 69.5 thousand kiloliter (TKL) of petrol and 100.4 TKL of diesel. Similarly the Korba storage terminal will have 24.4 TKL of petrol and 42.3 TKL of diesel storage capacity.

The company will launch the Direct Benefit Transfer of LPG (DBTL) scheme in Burhanpur, Khandwa, Harda and Hoshangbad districts.

BS