Chennai Petroleum Corporation (CPCL) is reportedly planning to set up 9 million tonne (MT) a year refinery in south Tamil Nadu. The company would ideally like to establish a nine-million-tonne refinery in the place of its existing one million tonne refinery in the Cauvery Basin.
The company has an adequate land of about 650 acres. The investment in a refinery, going by industry standards could involve up to Rs 2,500 crore for every million tonne of capacity. The company is well positioned to bring in the investment through a combination of internal accruals and debt.
Chennai Petroleum Corporation main products are LPG, Motor Spirit, Superior Kerosene, Aviation Turbine Fuel, High Speed Diesel, Naphtha, Bitumen, Lube Base Stocks, Paraffin Wax, Fuel Oil, Hexane and Petrochemical feed stocks.
