CPCL to set up Rs 29,000 cr refinery in TN
OIL & GAS

CPCL to set up Rs 29,000 cr refinery in TN

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 

Click for event info


Make in Steel 2021

24 February 

Click for event info


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

Image Source

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 202117-18 March Click for event infoMake in Steel 202124 February Click for event info 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 Image Source

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?