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Board of Chennai Petroleum approves setting up of a new 9 MMTPA refinery

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Capital Market

At meeting held on 22 September 2017

The Board of Chennai Petroleum Corporation has accorded In-principle 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 final approval of the project would be obtained after preparation of Detailed Feasibility Report of the project.

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First Published: Sep 25 2017 | 9:18 PM IST

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