IOT Infrastructure & Energy Services will operate the upcoming Borkhedi liquids storage terminal, located in Maharashtra in India. Expected to start operations in 2024, the liquids storage terminal will be owned by Indian Oil and Oiltanking.
Expected to be operational in 2024, the terminal will primarily store petroleum products and will have rail and road access.
Key specifications of the storage terminal-
Storage Capacity (bbl): 6,02,104
Tank Size Min (bbl): 7,485
Tank Size Max (bbl): 2,42,126
Number of Tanks: 8
During the period 2021-2025, the Borkhedi storage terminal is expected to witness an estimated capex of $73.27m.
About IOT Infrastructure & Energy Services
IOT Infrastructure & Energy Services Ltd (IOT) is an oil and gas engineering service provider that offers professional, technical and logistics solutions. The company’s services include engineering, procurement and construction, upstream services, terminalling, technical support, seismic services and renewable energy solutions. It also provides commissioning activities, pre-commissioning activities, fabrication, campus recruitment, specialist tank construction, heavy construction and erection works, environment protection, HSSE management system, and audit program. IOT caters its services to oil and gas, infrastructure, power, cement, steel, and fertilizer sectors. The company offers its terminalling services in Goa, Mumbai, Raipur, Chennai, and Paradeep, India. IOT is headquartered in Mumbai, Maharashtra, India.
Information on the liquids storage terminal is sourced from GlobalData’s liquids storage terminal database that provides detailed information on all active and upcoming, liquids storage terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.