Chennai Petroleum Corp. Ltd. (CPCL), a subsidiary of state-owned Indian Oil Corp. Ltd., has obtained an approval “in-principle” to build a 9.0 million metric tonne per annum (MMTPA) refinery at Nagapattinam, in Tamil Nadu, India, at an estimated cost of INR27,460.74 crore (USD3.8 billion). A detailed feasibility study is being carried out by M/s. Engineers […]