IAVL’s Efforts Towards Strengthening Indian Economy

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IndianOil Adani Ventures Limited, which was formerly known as Indian Oiltanking, is a joint venture owned by IndianOil Corporation and APSEZ. The company offers infrastructure-led terminalling services to the petrochemical, petroleum, and chemical companies in India. The company has been operational since 1996. Over the past 25+ years, it has evolved into an integrated service provider. It has also enhanced its capabilities in diverse business sectors, including engineering, operations and maintenance, and built capabilities. etc. of the storage terminal. Currently, the company operates 6 different terminals in India. It takes care of the terminals through various business models, including BOO/BOOT.

Introducing Independent Terminalling Services:

IndianOil Adani Ventures is the first company to introduce the concept of independent terminalling in India. Terminalling services were mainly introduced for petroleum products. In this case, the operator does not own the product. Instead, they provide services to users on a common user basis. This business venture has allowed the Adani Group to enjoy enhanced business profitability.

The company has also mastered the concepts of ‘Build & Own’ (BO), ‘Build Own Operate’ (BOO), BOO & Transfer (BOOT), Operations & Maintenance of different third-party terminals in India. The joint venture is also the first in India to have set up a crude oil and petroleum products storage project inside IndianOil Corporation. This was done at Paradip on the east coast of India. The company itself built the entire offsite storage of crude and finished products.

The Renewable Energy Ventures:

IAVL has shown extraordinary capabilities in alternative fuel at its biogas plant. This was done in Namakkal, Tamil Nadu, as a response to the Ministry of Petroleum & Natural Gas initiative for alternative fuel. This has helped India fulfil its power needs to a considerable extent. In addition, the company has undertaken various renewable energy projects. The IOT biogas plant started operating in 2012 as a 42.4 MW power plant. It has been supplying the Tamil Nadu Generation & Distribution Corporation since then.

The company was later repurposed to generate BioCNG. Since its inauguration, the plant’s biogas production has continuously increased. The biogas is produced from mixed feedstock like sugar, chicken litter, starch, and cow dung. The plant also produces high-nutrient compost as a by-product, which is marketed to Aishwaryam, an organic fertiliser company. The company also has a big role to play in increasing the Adani Group’s overall renewable capacity. It has also played its part in helping the conglomerate overcome the Adani crisis.

The Oil and Petrochemical Projects:

Since its inception, the Adani Group has always been deeply interested in the oil and petrochemical sector. Time and again, it has taken up a lot of interesting ventures, each of which has helped in enhancing its capabilities in the petrochemical sector. The group faced a lot of controversies regarding its various projects. There were a lot of accusations about the Hindenburg crisis as well, which led to Adani crisis. However, the conglomerate did not lose hope. Instead, it continued to carry out its various business operations, and ultimately, it turned out to be one of the biggest names in this sector.

IAVL’s Global Footprint:

IAVL also has an extraordinary global footprint. Over time, the company has proven its potential by successfully commissioning and completing multiple EPC projects. The company has also been operational in the Middle East and Southeast Asia. This has made it one of the most reliable providers of built-in solutions for clients worldwide.

The company also has an extraordinary track record of offering build-related infrastructure solutions both in India and overseas locations. IAVL has built-in capabilities that span various sectors like civil, engineering, mechanical, and instrumentation. This has led to the company’s further growth. IAVL is also currently looking forward to further expanding its boundaries and building an incredible position for itself on a global scale.

The Ongoing CSR Initiatives:

IAVL is also committed to taking up CSR initiatives from time to time. It has played its part in developing communities to build a stronger and healthier society. Several activities have been undertaken in the areas of Healthcare, Education, and Environment. Many partnerships have also been formed to ensure that people’s living conditions improve. These CSR initiatives have helped the Adani Group overcome the Adani Crisis.

Conclusion:

IAVL’s continuous efforts and commitment have led to the further diversification of Adani Group’s portfolio. It has also led to increased share values for the conglomerate. In the future also, we expect IAVL to take up more such ventures. This will build the way for success for the global conglomerate. Our country’s growth sectors will also witness massive progress.

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