CPCL Seeks Nod For Rs 364 Billion Refinery
OIL & GAS

CPCL Seeks Nod For Rs 364 Billion Refinery

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.


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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement