What distinguishes Tamil Nadu from any other State for investment, is the range of sectors you can invest in Tamil Nadu, whether it is from Textiles, Garments, Leather and all the way upto hi-tech industries and the geographical spread of talent available. Political neutrality is also an important factor for investors to be satisfied.
S. RAMASUNDARAM, MD AND CEO, NAGARJUNA OIL CORPORATION LTD
The Petroleum Refinery Project of Nagarjuna Oil Corporation Limited (NOCL), a Joint Venture of Tamilnadu Industrial Development Corporation Limited (TIDCO) and M/s. Nagarjuna Fertilizers and Chemicals Limited, is being implemented at Thiruchopuram in Cuddalore District in Tanil Nadu.
This petroleum refinery will have a capacity of 12 Million tonnes per year and will be constructed in two Phases. The construction of the first Phase, viz., the 6 Million tonnes per year refining capacity is complete up to 60 % and it will be commissioned in 2017.
The second Phase of this project will be implemented thereafter and is expected to be completed in 2018. The total investment in this project has been estimated to be about Rs.27,000 crores.
The Petroleum Refinery Project of Nagarjuna Oil Corporation is the designated as the Anchor Unit’ for the Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) spread over an area of about 257 km2 in the Cuddalore and Nagapattinam Districts.Watch video
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