East India Petroleum (EIPL) is reported to be planning an expansion project for its existing terminal at Visakhapatnam Port with investments of around Rs 408 crore €61.3 million).
EIPL wants to increase the existing storage capacity at the terminal in order to meet increasing demand for storage space for petroleum products and liquid chemicals. The company will also set up a bottling plant with additional storage of LPG in mounded bullets, including associated facilities.
As part of the expansion, two mild steel storage tanks with a total capacity of 16,626kl will be constructed to replace an existing earthen reservoir.
A further 15 storage tanks of different sizes will be constructed for petroleum products and petrochemicals in addition to the 100 tonne-per-day LPG bottling plant.