CPCL plans Rs 6,000 cr investments

Chennai, May 11 (UNI) Chennai Petroleum Corporation Limited (CPCL) has chalked out fresh plans to invest Rs 6,000 crore in various new projects here.

Talking to mediapersons today, Company Managing Director K K Acharya said "as a part the investment plan its Manali Refinery had targeted ten per cent rise in distillates yield by taking up Resid upgradation project.

"This new project will have a 'Delayed Coker Unit' along with associated facilities and is expected to cost about Rs 3,000 crore.

This will get commissioned in 2010," he added.

Mr Acharya said in order to tap the full Propylene potential available in LPG from FCCU, it is proposed to put up a Propylene Recovery Unit at Manali Refinery and pre-feasibility report is under prepration now.

"The project is expected to cost about Rs 300 crore," he said adding "we are looking for a downstream customer tie-up.

"It is also proposed to set up a new 15 MMTPA Grass-root Refinery cum Petrochemical Complex at Ennore," he said adding "process configuration study and pre-feasibility study through EIL has been undertaken for this project." During 2006-2007 about 538 TKL of products like motorspirit and HSD had been pumped to Tiruchirapalli, Maduri and Sangagiri market fed zones through Chennai-Tiruchi-Madurai Pipeline (CTMPL).

UNI