finance.yahoo.com

Indian Oil Subsidiary CPCL Plans Manali Upgrade to 280,000 bpd

Indian Oil logoIndian Oil
Sig4.40Sen+3.20Env-4.60Soc+0.80Gov0.00
Chennai Petroleum logoChennai Petroleum
Sig3.12Sen+3.27Env-2.62Soc+0.84Gov+0.52

Chennai Petroleum Corporation Limited (CPCL), a subsidiary of Indian Oil, plans to raise crude refining capacity at its Manali site by about a third to 280,000 bpd. The company says it will rebuild the Cauvery Basin Refinery to meet new specifications, but shifted the project toward a petrochemicals complex as demand for petrochemicals and specialty chemicals grows.

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