Tamil Nadu has sought clearance from the Centre for setting up a multi-billion petrochemcial and petroleum investment region (PCPIR) spread over 250 sq km at Cuddalore and Nagapattinam. This decision follows the probable launch of the Cuddalore refinery project. Taking Cuddalore refinery as the lead point, the state government is planning to create a mega petrochemical zone on the lines of Andhra Pradesh. In order to make it more attractive for huge investments, the state government is planning to tie up with Chennai Petroleum Corporation Ltd, an IOC company, to set up a mega refinery of the size of 15 mtpa capacity at Nagapattinam district. The proposal is likely to be taken up for scrutiny this month by the petroleum ministry.
09-Jun-08 
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