Schedule a Call Back
CPCL to set up Rs 29,000 cr refinery in TN
2021-02-03
Indian Oil Corporation (IOC) has given its nod for its subsidiary Chennai Petroleum Corporation Ltd (CPCL) to set up a 9 mmtpa refinery in Tamil Nadu. The two companies will hold a 25% stake each, while other investors will hold the remaining stake.
The Rs 29,000 crore refinery will be built at Nagapattinam, with a Polypropylene unit to begin with and a facility to process crude oil. Packages for the process have been finalised, and a feasibility report has been completed.
4th Indian Cement Review Conference 2021
17-18 March
Make in Steel 2021
24 February
The project is in accordance with the expected growth in demand for petroleum products in the southern part of the country. The project's environmental clearance is also in an advanced stage of review and approval by the Ministry of Environment, Forest and Climate Change (MoEF&CC).
The Cauvery Basin 9 mmtpa project, would also stand as an anchor for feedstock generation for downstream industries. The refinery complex will drive economic development and regional growth.
Also read: IOC set to expand Chennai refinery in JV
Also read: Indian Oil to build new oil terminal in Chennai
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
Avhad Group Gets MahaRERA Nod for Mahim Project
Avhad Group has secured Maharashtra Real Estate Regulatory Authority (MahaRERA) registration for its premium residential development, Bayline Res...
PM inaugurates Rs 40 Billion projects in Sikkim
Narendra Modi inaugurated and laid foundation stones for development projects worth Rs 40 billion in Sikkim during the state’s 50th year of sta...
MMRDA completes key Line 2B harbour crossing
As per an update shared on its official X (formerly Twitter) handle, the Mumbai Metropolitan Region Development Authority (MMRDA) has successfull...
