Indian Oil Corporation Ltd (IOCL) has approved an investment of ₹2448.70 crore for the construction of the Kochi-Kanyakumari-Tutukudi (KTPL) gas pipeline.
According to a company statement made during its filing with the stock exchange on Monday, this 424.5-kilometer gas pipeline will have a total capacity of 6.84 million standard cubic meters per day (mscmd). Of this volume, at least 1.71 mscmd will be allocated for the common carrier's capacity.
IOCL reported that its Board of Directors approved the investments for the construction, operation, and laying of the KTPL gas pipeline at a projected cost of ₹2448.70 crore during a meeting held on September 21, 2026.
The gas regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), noted that this pipeline will strengthen the natural gas transmission infrastructure in South India. It will ensure the efficient transportation and offloading of regasified liquefied natural gas (LNG) from the LNG terminal in Kochi to major demand centers in the states of Kerala and southern Tamil Nadu.
PNGRB also emphasized that the project will play an important role in expanding the city gas distribution (CGD) networks, as well as supplying natural gas to industrial consumers, power plants, and other regional industries.
IOCL was granted the right to develop this gas pipeline after undergoing a competitive tender organized by PNGRB in accordance with the prevailing regulatory framework. After evaluating the technical and financial bids received from participants, PNGRB declared Indian Oil a successful contender for this project.
