The Odisha government has taken a significant step toward strengthening India’s energy security by handing over land for a major crude oil storage facility at Chandikhol in Jajpur district. The development clears a crucial administrative hurdle and accelerates the project’s execution.
Large-Scale Strategic Infrastructure Development
The district administration has executed a lease deed for approximately 400 acres in the Dankari hill region. The project will be developed by Indian Strategic Petroleum Reserves Limited (ISPRL) at an estimated investment of ₹8,700 crore. Once completed, the facility will have a storage capacity of four million tons of crude oil. Notably, it will rank among the largest underground rock cavern storage systems in the world, significantly enhancing India’s strategic petroleum reserves.
Boosting Energy Security and Emergency Preparedness
The project is designed to strengthen India’s ability to maintain emergency crude oil stocks during global supply disruptions. As energy markets remain volatile, such infrastructure plays a vital role in ensuring uninterrupted supply and national energy resilience.
Driving Regional Economic Growth
With the project now moving forward, stakeholders anticipate strong economic benefits for the region. The development is expected to attract downstream industries to the Jajpur–Chandikhol corridor, thereby creating new business opportunities.
Enhancing Industrial Ecosystem
The initiative will improve the overall ease of doing business in the region by strengthening industrial infrastructure and logistics. As a result, it positions Odisha as a key hub in India’s evolving energy and industrial landscape. As reported by projectstoday.ai, overall, the ISPRL project represents a strategic investment that not only reinforces national energy security but also drives regional economic development and industrial growth.
