Govt Approves Crl Expansion

The Union government has given the first stage approval for the capacity expansion project of Cochin Refineries Ltd (CRL). The project envisages an expansion in the refinerys capacity from 7.5 million metric tonnes per annum to 10.5 mmtpa. The approval will enable CRL to prepare a detailed feasibility report which is expected to cost Rs 19.50 crore. This includes a foreign exchange component of Rs 13 crore. The report will be submitted within 12 months.