Chennai Petro to add 9 mt refining capacity
New Delhi   02-Nov-2010

State-run refiner Chennai Petroleum Corp plans to add 9 million tonne of refining capacity at a cost Rs 9,000-10,000 crore ($2.04 billion to $2.26 billion), Managing Director K Balachandran said on Monday. He said the funding would come from internal resources and was likely to be completed in 30 months from Dec 2011. Chennai Petroleum is a subsidiary of the largest state refiner IndianOil.