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ISPRL gets 82 acres of land in Mangalore SEZ

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As per to the said source @ the www.propertykhazana.com the Mangalore Special Economic Zone Limited (MSEZL) which had reserved 1800 acres of land in Mangalore Taluk has sold about 83 of the land at Rs. 50 Lakh an acre to the government undertaking Crude Oil depot. Earlier the land was allotted by the KIADB for establishing the 1st phase of Mangalore Special Economic Zone where MRPL Phase III Refinery, Aromatic Complex and Olefin Complex were to operate.
The source further added at the www.propertykhazana.com that the MSEZL had paid Rs. 8 Lakh for dry land and Rs. 8.5 for cultivated lands as the compensation and about 82 acres was purchased by Indian Strategic Petroleum Reserves Limited (ISPRL), a subsidiary of Oil Industry Development Board of the Ministry of Petroleum and Natural Gas.
Further it is also said that the ISPRL is planning to establish crude oil reserve centers in Vizag and Padur in Andhra Pradesh along with Mangalore with investment pour of Rs 2,397 crores. Meanwhile, Engineers India Limited has confirmed with the complete likelihood information for crude oil depots at Vishakhapatnam, Mangalore and Padur.
Source: NBTVLIVE

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