CPCL Seeks Nod For Rs 364 Billion Refinery

04 Jun 2025 CW Team

Chennai Petroleum Corporation Ltd (CPCL) has officially requested government approval for its Rs 364 billion Cauvery Basin Refinery Project in Tamil Nadu, the company announced on Tuesday.

CPCL Managing Director H Shankar stated that the company has acquired approximately 1,300 acres of land in Nagapattinam for the proposed refinery, which is designed to process 9 million metric tonnes per annum (MMTPA).

Indian Oil Corporation, CPCL’s parent company, had in March 2024 approved a revised project cost, increasing it from Rs 293.61 billion to Rs 330.23 billion, reflecting updated estimates for construction and infrastructure. The refinery is expected to significantly boost the region’s refining capacity and contribute to India’s energy infrastructure expansion.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..