Indian Oil Corporation (IOC) is setting up a Multi User Liquid Terminal (MULT) Jetty at Puthuvypeen SEZ at Kochi. IOC recently singed 30 year agreement with the Cochin Port Trust (CoPT) for construction and operation of the jetty recently. IOC’s Board too has accorded its approval for the agreement and the project is all set for execution. The jetty is estimated to cost Rs. 170 crore. It may be noted here that IOC is setting up an LPG Import Terminal at Kochi at an estimated cost of Rs.607.06 crore .