Cals Refinery has signed an MoU with Haldia Development Authority (HDA) and West Bengal Industrial Development Corporation (WBIDC) for a Rs 4,000 crore oil refinery at Nayachar petrochemicals hub - the first inflow in the states' Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) project. Investments have started pouring in the state of West Bengal, notwithstanding the fact that the Centre's approval for the petrochemical hub is yet to come through.
The 5 mln ton oil refinery is being planned in three phases. The first two will be at Haldia and the third at Nayachar. The project will be commissioned by 2010 and generate more than 1,500 jobs. Land acquisition should not pose a problem, as the 400 acres needed for Phase I is already with HAD. 400 acres needed for phase two will, however, have to be acquired. However, land required for the third phase in NAyachar, will definitely require the Centre's approval for the PCPIR.