Chennai Petroleum Corporation (CPCL) has received an approval for setting up a new 9 MMTPA refinery at Cauvery Basin, Nagapattinam at an estimated cost of Rs 27,460 crore (with an accuracy of +30%) and for carrying out pre-project activities. The board of directors of IOCL at its meeting held on September 22, 2017 has approved for the same. The final approval of the project would be obtained after preparation of Detailed Feasibility Report of the project.
Earlier in April, the board had recommended the proposal for setting up a new Refinery at an estimated cost of Rs 27,460 crore (with an accuracy of +30%) subject to the approval of Board of Directors of Indian Oil Corporation (IOCL), the holding Company of CPCL.
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.
