Chennai Petroleum Corporation Ltd. (CPCL) has announced the supply of BSVI fuels starting September 2019.
A subsidiary of Indian Oil Corporation (IOC), Chennai Petroleum Corporation Ltd. (CPCL) has planned a capex of Rs.1000 crore for various projects, including the development of BSVI fuels. Planning to set up a nine-million tonne refinery at Cauvery Basin, Nagapattinam in Tamil Nadu, at a cost of Rs.27,400 crore, CPCL will use a portion of Rs.1000 crore capex to install a new crude oil pipeline and execute a re-gassified liquefied natural gas project. To meet the demand for cleaner fuel by April 2020, CPCL, along with other oil marketing companies (OMCs) has decided to speed up the process of upgrading its refinery. Announced Sanjiv Singh, Chairman, Indian Oil Corporation (IOC), “To meet Bharat Stage VI (BSVI) emission standards, the process could throw up some challenges. We are however speeding up the process by enhancing our Manali refinery in Chennai and will start supplying BSVI fuels by September 2019.” S N Pandey, Managing Director, CPCL, expressed, “Approval has been obtained for the new projects and preparation of a detailed feasibility report is on. It is expected to be completed by March 2019, and the cost could be plus or minus 30 per cent.” “CPCL might go to the market to raise funds for the new refinery,” he added.
Bu hikaye Commercial Vehicle dergisinin July 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Commercial Vehicle dergisinin July 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Bharat Mobility 2025 The Motor Show Preview
The Bharat Mobility Global Expo 2025, slated for January 17-22, is ready to dazzle the world with its expansive and innovative display of automotive and mobility solutions
Driving India Towards A Safer And More Sustainable Future
The Scrappage Policy is a golden opportunity to reshape the future of India's commercial vehicle industry, writes Satyakam Arya Managing Director & CEO, of Daimler India Commercial Vehicles.
Decoding Powertrain Plurism In CVs
India's automotive industry is in a period of significant transformation, balancing traditional market dynamics with evolving regulatory landscape and consumer preferences
Eagle Bus Soars Higher With Eicher
How a bold vision and a reliable partnership with Eicher propelled Vijay Kumar's Eagle Bus Services to new heights
Legacy Brand Renewed Purpose
As Godrej Enterprises Group celebrates its 127Th anniversary, the company unveiled a bold vision to chart a sustainable and innovative path forward
Navigating Global CV Trade
Rising protectionism and shifting geopolitical dynamics are posing serious challenges to commercial vehicle export prospects, asserts
ZF Group sells a 4.3 per cent stake in CVS
ZF Group has sold a 4.32 per cent stake in its Indian subsidiary, ZF Commercial Vehicles Control System (CVS) India, for Rs.1,022 crore as per its release.
Ashok Leyland expands aftersales network
Ashok Leyland has inaugurated a dealership for Light Commercial Vehicles (LCVS) in Siliguri, West Bengal.
Anurag Dubey moves from IPL Tech to Sany India
The Indian subsidiary of Sany, one of the world's largest heavy equipment manufacturers, is learned to have drawn up a new strategy to tap the Indian heavy commercial vehicle market.
IIT-Madras launches Al-driven rating app for truck drivers
The Centre of Excellence for Zero Emission Trucking (COEZET) at IIT Madras recently launched two major projects during the event 'Get ZET - Shifting Gears to Zero Emission Trucking, held at the IIT Madras Research Park.
