IndianOil Adani Ventures Limited: Pioneering Midstream Infrastructure Services and Solutions

IndianOil Adani Ventures Limited (IAVL), formerly known as Indian Oiltanking, is a prominent midstream infrastructure service and solution provider to the oil, gas, and chemical industries. Headquartered in Vikhroli, Mumbai, IAVL boasts domain expertise in terminalling services and renewable energy in India, with expanding capabilities globally.

A Legacy of Excellence

Since its inception in 1996, IAVL has leveraged the combined strength and reputation of its parent companies, Indian Oil Corporation (IOC) and Adani Ports and SEZ (APSEZ). This powerful synergy allows IAVL to deliver unparalleled logistics services and technical solutions. The company’s global pedigree brings curated expertise in developing, executing, and operating energy and chemical storage logistics across geographies. IAVL caters to every requirement, from conceptualizing to commissioning and operating bulk liquid storage facilities.

Strategic Operations

IAVL currently operates four owned terminals located in Navghar, Raipur, Goa, and Paradip BOOT. Additionally, two major projects under construction are situated in Paradip: the COIT NRL Crude Storage Terminal and the IOCL Panipat finished products storage tank farm. IAVL also handles operations and maintenance (O&M) for several significant facilities, including IOCL's Vadodara White Oil Terminal, IOCL's JNPT Terminal, and the LPG facility for the South Oil Jetty at IOCL's Paradip refinery.

Commitment to Renewable Energy

Nestled in Western Tamil Nadu, IAVL’s renewable energy subsidiary, IAV Biogas, is a testament to the company’s commitment to sustainable energy solutions. The IAV Biogas plant commenced operations in 2012 as a 2.4 MW power plant, supplying electricity to the Tamil Nadu Generation & Distribution Corporation. In 2020, it was upgraded to generate compressed biogas (CBG) with a capacity of 10 tons per day.

Exemplary HSSE Practices

A distinguishing feature of IAVL is its adherence to the highest standards in health, safety, security, and environmental (HSSE) practices. The company prides itself on achieving millions of safe man-hours and consistently receiving recognition and rewards from customers on national and international platforms.

IAVL’s dedication to excellence and innovation positions it as a leader in the midstream infrastructure sector, driving forward with a vision for a sustainable future.

ATUL KHARATE
Chief Operating Officer
IndianOil Adani Ventures Ltd
(A Joint Venture Company of Indian Oil Corporation Limited & Adani Ports & SEZ)

Atul Kharate is an industry professional with extensive two decades plus expertise in Oil & Gas, Supply chain, New & Green energy industries.

Atul holds an MBA in Oil & Gas management and is a qualified electrical engineer with post-graduate diplomas in environment management, supply chain management, and energy management. He has further enriched his knowledge by completing a senior leadership program in “Strategies for Growth” from IIM Ahmedabad.

Atul holds active memberships in prominent institutions such as CII, FICCI, FIPI, IFGE, IBA, and WBA. His active participation includes industry interfaces for the Global Biofuel Alliance (GBA) and the Energy Transition Forum under G20.

Atul has played a pivotal role in the strategic development of various projects including LPG bottling plants, import terminals, and auto LPG stations across the country. Presently, as the Business Head/Chief Operating Officer for the IndianOil Adani Ventures - Biogas unit, he spearheads strategic business development, compliance management, corporate relationship building, and enterprise risk management for new and renewable energy businesses in India. He contributes significantly to industry-academia collaborations, delivering lectures and participating in panel discussions at prestigious national-level institutions such as IIMs and IITs. Additionally, Atul is engaged as a research scholar i.e. PhD in Management.

Atul is on the board of subsidiary companies of IndianOil Adani Ventures Limited i.e. IAV Biogas, IAV Infrastructures Private Limited & IAV Urja Private Limited as Director. Atul is passionate about adding value to Indian Industry & economy through ethical business management, strategic growth planning, and creating futuristic & sustainable infrastructure for new and Green Energies in India.