IndianOil to spend Rs 600 crore to upgrade fire safety equipment across its installations

IOC to spend Rs 600 cr on fire safety


(Courtesy: Financial Chronicle, New Delhi, September 13, 2011)

IndianOil (IOC) will spend about Rs 600 crore to upgrade fire safety equipment across its installations. This is being done after a directive from the Oil Industry Safety Directorate (OISD) to raise standards of fire safety. OISD has revised safety norms keeping in view a major fire accident at the IOC depot near Jaipur that claimed 11 lives and led to wastage of nearly 60,000 kilolitre of petroleum products in 2009. “The risk-perception has been revised after the Jaipur incident. The existing safety norms would be supplemented,” KK Jha, Director (Pipelines) of IOC said.



OISD has revised STD-117 norms that are mandatory for oil marketing companies. As per revised norms, volume of water stored in sites has to be doubled and protection system on tanks is to be equipped with hollow impoline tubes, among others.