Chennai Petroleum Corporation Ltd. (CPCL) rework the configuration of the proposed refinery of 9 million tonnes in Nagapattinam, a project of 36,400 GBP, focusing on strengthening petrochemical components.
CPCL is a group company Indian Oil Corporation (IOCL).
H. Shankar, who recently took over as CPCL CEO, said Prespersons that the company was trying to improve the project economy by bringing more petrochemical components such as HDPE, LDPE, LLDPE and PVC. Previously, the project assumed only a polyphylete plant. The company now had almost 1300 acres of land for the project. It owned 600 acres originally as part of an existing 1 million tonnes per year, which has been dismantled since then.
As for the establishment of retail stores, Mr. Shankar said that the retail was not new for CPCL, which supplied IOCL 92% of refined fuel from his units in Manali in Chennai. About 20 years ago, the company had a retail outlet in Sriperumbudur. But it was ended when the retail went to IOCL. “Since we have obtained approval from the ministry (oil and natural gas) for retail, we have been looking at various concepts that can be implemented,” he said.
The company celebrating the Jubilee Year has earmarked the CRS 400 GBP to be spent in two or three years for retail stores. CPCL, said, saves a CST of 30 crore for 40 crore every month, which was chosen when the product was moved to other states. “We can save it when we start this business,” added Mr. Shankar.
Published – June 3 2025 9:26
