Indian Oil to invest $256 million for Kochi-Thoothukudi natural gas pipeline (updated)
UPDATE 1-Indian Oil to invest $256 million for Kochi-Thoothukudi natural gas pipeline Adds details paragraph 2 onwards
Sept 21 (Reuters) - Indian Oil Corp on Monday said it will invest 24.49 billion rupees ($255.6 million) to build and operate a natural gas pipeline from Kochi, Kerala, to Thoothukudi, Tamil Nadu, in southern India.
The investment comes amid India's broader push to expand natural gas infrastructure, improve connectivity and increase the share of gas in the country's energy mix as it seeks cleaner fuel alternatives.
The 424.65-kilometre pipeline will pass through Kochi, Kanyakumari and Thoothukudi and will have an overall capacity of 6.84 million standard cubic metres per day (MMSCMD), including a common carrier capacity of 1.71 MMSCMD, the company said.
($1 = 95.8200 Indian rupees)
(Reporting by Kashish Tandon in Bengaluru; Editing by Rashmi Aich)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))
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