On 30 July 2007, the board of India
Oil Corporation approved its proposal for the execution of the LPG import
terminal at Ennore at a cost of Rs.326 crore.
The project will be implemented by IOC
and its joint venture partner Petronas of Malaysia through the JV company-Indian
Oil Petronas Pvt Ltd (IPPL). The LPG import terminal project will be executed
with a debt-equity ratio of 1:1.
The company plans to set up a
multi-billion dollar mega refinery-cum-petrochemical complex at Ennore along
with a liquefied natural gas (LNG) import terminal. In addition, IOC is also
setting up a liquefied petroleum gas (LPG) import terminal at Ennore.
Also see:
CPCL plans
refinery project at Ennore (12-May-07)
Related Links:
Project profile