06 Jul 2020 | 2:59 PM

News

COMPANYNEWS
Commissioning of Nagarjuna Oil refinery delayed for a year
  Nagarjuna Oil Refinery Ltd. | 24 Dec 2019 | 04:01 PM
Published on 10-15-2012
The start-up date of operation of the Nagarjuna Oil Refinery has been pushed back for a year due to damage caused by a cyclone that struck the coast of Tamil Nadu in December 2011 the company’s Managing Director S Ramasundaram said on Monday. The refinery having a total capacity of 120 000 barrels per day is likely to be commissioned by the end of 2013 or early 2014 Ramasundaram added. The company is planning to double the production capacity of the Nagarjuna Oil Refinery by early 2016. The company had earlier planned to commission the refinery by the end of the current year. “It was hit by a cyclone on Dec. 30 ” Ramasundaram said in a media conference. The planned refinery which is located 200 km south of Chennai between Cuddalore and Chidambaram is the largest private sector investment in Tamil Nadu and would be the only third refinery owned by private players in India.