5 partners to assess 14-15 mln ton refinery and petrochem project at Vizag

26-Sep-08
In November this year, the five partners - Hindustan Petroleum Corporation, L. N. Mittal, Total, GAIL (India) and Oil India will review the project structure and funding of the 14-15 mln ton refinery and petrochemical project at Vishakhapatnam in Andhra Pradesh. Currently, a pre-feasibility study for the project is underway, and a project structure and refinery configuration report is likely to be ready by November. The final decision on the investment will be arrived at only after this procedure. The equity structure will be decided by the Steering Committee of all partners after the completion of the pre-feasibility study.
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