Friday, January 29, 2021

IOC to expand Chennai refinery in JV with CPCL; to spend Rs 31,500 cr

IOC to expand Chennai refinery in JV with CPCL; to spend Rs 31,500 cr IOC holds a 51.89 percent stake in CPCL. The expansion was to originally cost Rs 27,460 crore but is now estimated to cost Rs 31,500 crore. He said the project will be funded in a 2:1 debt-equity ratio.

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