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CPCL launches work on 9 MMTPA refinery in Tamil Nadu
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SME Times News Bureau | 22 Sep, 2021
Chennai Petroleum Corporation Ltd (CPCL) on Wednesday said that work has
begun of the Rs 31,580 crore, 9 million metric ton per annum (MMTPA)
grassroot refinery at Nagapattinam in Tamil Nadu.
According to CPCL, the refinery is being installed along with the IOCL and is expected to be completed in 45 months time.
An
official told IANS that CPCL and IOCL will share the 50 per cent stake
equally and balance will be held by strategic/financial investors.
The
work on the project began after Chief Minister M.K.Stalin handed over
the Government Order for acquisition of 606 acre of land parcel to IOCL
Chairman S.M. Vaidya in the presence of CPCL Managing Director Arvind
Kumar on September 3.
The CPCL said the company awarded contracts
amounting to Rs 1,538 crore to project management consultants Engineers
India Ltd (EIL), McDermott, and Tata Consulting Engineers (TCE).
Last
week, discussions on engineering began with all the three consultants
at CPCL headquarters here which was attended by the top management team
of Engineers India led by CMD Vartika Shukla and top officials of
McDermott and TCE.
CPCL's Kumar also interacted with the Karaikal
Port officials and took stock of the existing infrastructure and its
applicability for evacuation of products after commissioning of the new
project.
According to CPCL, procurement and engineering
activities for the project have already commenced and site activities
will now gain momentum.
The project will act as a catalyst for development of downstream petrochemical and ancillary industries.
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