Bulletin Updates

Chennai Petroleum forms JV to build $4bn refinery in southern India – 25 Aug 2022

Aug 25, 2022

Chennai Petroleum Corporation Limited (CPCL) has formed a joint venture (JV) with its parent company Indian Oil Corporation (IOCL) and other seed equity investors to build a refinery, with an investment of Rs315.80bn ($3.95bn), in the southern Indian state of Tamil Nadu.

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