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written by indianachu
at Friday, October 30, 2009
Jaipur fire may cost IOC Rs 300 crore
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| AFP image |
| The fire at the Indian Oil Corporation (IOC) depot near Jaipur is still raging, but contained within the premises. However, the fire may continue for another 24-36 hours. IOC's total losses due to the fire is being estimated at Rs 300 crore out of which Rs 150 crore is the product loss and another Rs 150 due to infrastructure damage. According to IOC it will take 15-18 months to re-create the facility in Jaipur. The oil major said that it will be able to meet full demand for fuel products in the area and for that they have made alternate arrangements for supply to all areas. Fuel products have been moved in from Bharatpur and Ajmer depots, the company is sourcing products from other oil marketing companies. Meanwhile, six IOC employees are still missing; search is still on. IOC staff may not be able to approach the site till the fuel burns out completely, entire petrol likely to have been burnt while kerosene and diesel are still burning. To read more click here |
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