India plans Phase-2 of strategic petroleum reserves under PPP model at estimated ₹14,527 crore
India is planning to build two additional commercial-cum-strategic petroleum reserve facilities (SPR) under a public-private partnership (PPP) model at an estimated project cost of ₹14,527 crore as part of strengthening its energy security. The viability gap funding (VGF), — a government assistance provided to make essential, economically beneficial infrastructure projects commercially feasible — has been…