+
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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code