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IOC to Set Up Greenfield Refinery in Tamil Nadu

The Indian Oil Corporation (IOCL) is planning to set up a nine million tpa greenfield refinery at Nagapattinam in Tamil Nadu to expand its refining capacity. The expansion will be carried out by its subsidiary, the Chennai Petroleum Corporation (CPCL).

 

Besides the West Coast refinery, the company is looking at a greenfield refinery expansion on India’s East Coast in Nagapattinam, Tamil Nadu. The company is looking at manufacturing various batteries, storage and improving conventional battery.

 

The battery plant is expected to come up in a joint venture with a foreign player. The ideal size of the unit may be one GW.

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