Enabling works underway for State s second refinery thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Indian state-controlled refiner IOC has increased the cost of building a refinery in Chennai in southern Tamil Nadu state by 12pc to 330bn rupees ($3.96bn) and raised its stake in the joint venture to 75pc.
IOC said its board had on January 29, 2021 approved the implementation of a 9 million tonnes a year refinery at Cauvery Basin, Nagapattinam in Tamil Nadu by CPCL at an estimated cost of Rs 29,361 crore, to meet the demand of petroleum products in southern India.