Two people were killed in the major fire at the Indian Oil Corporation (IOC) fuel storage terminal here in Gujarat on Saturday.
The dead were identified as Raisingh Choudhary, 38 and Rahul Prasad, 20, the company said in a statement on Sunday, which added the fire has now been brought under control.
"The fire, which broke out in the Motor Spirit (MS) tank of IOC's bulk storage terminal at Hazira yesterday afternoon has been fully contained now. All other tanks are safe," said a company official.
The company also said that the cause of the fire is being investigated by an internal committee, which will submit its report by January 20.
Petroleum and Natural Gas Minister Veerappa Moily, who visited the site, said the damage to Indian Oil could be as much as Rs 450 million.
Moily, who took stock of the situation at IOC depot, said nearly 5,000 kilolitres of oil was burnt.
The minister lauded the district administration efforts for taking immediate actions to confine the damage to the minimum.
"Three other tanks are situated just adjacent but the damage was really contained and controlled and only one tank was affected," said Moily.
"The companies both the private and also the public (sector), particularly the district administration, collector under his leadership, has done a wonderful job," he added.
The government has set up a high-level committee to investigate the cause of the fire, as workers were killed in the accident. (ANI)