CPCL to implement Euro IV project
IOCL Chairman B M Bansal said their group company CPCL was implementing Euro IV project at a total investment of Rs 2,615 crore.
By PTI |
CHENNAI: IOCL Chairman B M Bansal on Monday said their group company Chennai Petroleum Corporation Ltd was implementing Euro IV project at a total investment of Rs 2,615 crore.
The project is being implemented at the company's Manali refinery for meeting the auto-fuel quality specifications of Motor Speed and High Speed Diesel, Bansal said while addressing shareholders at the 44th Annual General Meeting here today.
He said the construction of various process units in the project was in advanced stage of completion.
Besides this project, the company had also proposed to implement a Resid Upgradation Project involving installation of a delayed coker unit and revamping of the existing hydro cracker unit to maximise the distillate yield of the refinery at an investment of over Rs 3000 crore.
'This project is expected to be completed by end of 2013'' he said.
The project is being implemented at the company's Manali refinery for meeting the auto-fuel quality specifications of Motor Speed and High Speed Diesel, Bansal said while addressing shareholders at the 44th Annual General Meeting here today.
He said the construction of various process units in the project was in advanced stage of completion.
Besides this project, the company had also proposed to implement a Resid Upgradation Project involving installation of a delayed coker unit and revamping of the existing hydro cracker unit to maximise the distillate yield of the refinery at an investment of over Rs 3000 crore.
'This project is expected to be completed by end of 2013'' he said.
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