India to Launch Phase‑2 of Strategic Petroleum Reserves via PPP, Costing ₹14,527 Crore

The Ministry of Petroleum and Natural Gas has outlined a plan to expand the country’s strategic petroleum reserve through a Phase‑2 project. The initiative will be executed under a public‑private partnership (PPP) framework, allowing private investors to contribute capital and expertise while the government provides necessary land and regulatory support. The projected expenditure for the second phase is estimated at ₹14,527 crore. The move is part of India’s broader strategy to enhance energy security and reduce vulnerability to global supply disruptions. Officials say the PPP model will help accelerate construction and ensure efficient operation of the new storage facilities.