Hindustan Petroleum, Indian Oil, Bharat Petroleum to form JV to operate LPG pipeline


Hindustan Petroleum, Indian Oil, Bharat Petroleum to form JV to operate LPG pipeline

*Indian oil corp, bharat petroleum corp and co signed agreement for formation of joint venture company

* JV co formation to implement, operate 2757 km long lpg pipeline from kandla to gorakhpur

* IndianOil, bpcl and hpcl would have 50%, 25% and 25% equity holding respectively in the jv company

* pipeline is expected to provide reliability in the supply chain of lpg

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