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flag India's first private strategic oil reserve, 2.5 MMT capacity, to be built by Megha Engineering in Karnataka.

flag Megha Engineering & Infrastructures Ltd has been selected to build and operate India's first private-sector strategic petroleum reserve in Padur, Karnataka, a ₹5,700-crore project with a 2.5 million metric tonne capacity. flag The five-year construction and 60-year operation plan will significantly expand India's strategic stockpile, which currently holds 5.33 MMT. flag The Indian Strategic Petroleum Reserves Ltd managed the bid, prioritizing viability gap funding, and will transfer land free of cost. flag The government retains first rights to the oil in emergencies, ensuring national security. flag The project marks a major shift for Megha, traditionally an EPC contractor, and is the largest private initiative to enhance India's energy resilience.

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