Chennai: The Chennai Petroleum Corporation (CPCL), a subsidiary of Indian Oil Corporation (IOCL), has announced that it has commenced works for setting up of 9 MMTPA grass root refinery project involving an investment of Rs 31,580 crore at Nagapattinam in Tamilnadu.
The project is planned to be completed in 45 months’ time, a CPCL release here said. 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, it said.
Chief Minister M K Stalin handed over the Government Order (GO) for acquisition of 606 acres of Land Parcel adjoining the existing refinery site at Nagapattinam to IOCL Chairman SM Vaidya in the presence of CPCL Managing Director Arvind Kumar and other Directors of CPCL early this month.
Immediately after the receipt of GO, CPCL awarded contracts amounting to Rs 1,538 Crore to Project Management Consultants Engineers India Limited (EIL), McDermott and Tata Consulting Engineers (TCE).
Arvind Kumar along with Director (Technical), CPCL, visited Nagapattinam site from 12 to 14 September to provide impetus to site enabling activities.