Indian Oil Corporation Limited board approved an investment of Rs 2,448.70 crore for the development of the Kochi-Kanyakumari-Thoothukudi Natural Gas Pipeline (KTPL), the company said in a regulatory filing on Monday.
The 424.65-km pipeline will connect Kochi in Kerala with Thoothukudi in Tamil Nadu and will have a system capacity of 6.84 million metric standard cubic metres per day (MMSCMD), including common carrier capacity.