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CPCL Starts Project Activities for New Refinery at Nagapattinam

Chennai Petroleum Corporation Ltd. (CPCL) has kick-started project activities for the construction of the 9 million metric tonne per annum (MMTPA) refinery in Nagapattinam, at an estimated investment of Rs. 315.80 billion. The project, which would have a petrochemical complex, is planned to be completed in 45 months.

 

Chief Minister M. K. Stalin recently handed over the government order (G.O.) for acquisition of 606 acres of land adjoining the existing refinery site at Nagapattinam to the Indian Oil Corporation Ltd. (IOCL) chairman, S.M. Vaidya, in the presence of CPCL managing director, Arvind Kumar.

 

Following this, CPCL has awarded contracts amounting to Rs. 15.38 billion to project management consultants Engineers India Limited (EIL), McDermott and Tata Consulting Engineers (TCE).

 

This new refinery will produce petrol and diesel of Bharat Stage-VI specifications and polypropylene as a value-added product, at a cost of Rs. 315.80 billion. Further investment of about Rs. 40 billion would flow into the project from other stakeholders on ‘build, own and operate’ basis. The project would be implemented as a joint venture with IOCL, whose group company is CPCL. The foundation stone for the project was laid by Prime Minister Narendra Modi on February 17, 2021.

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