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EIL May Join OMCs To Set Up Mega Refinery Complex

Industry Petroleum & Natural Gas

Engineers India Ltd (EIL) is likely to join with Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd to set up a mega refinery cum petrochemical complex on the western coast. The refinery can have a capacity of over 30 MTPA. The capital expenditure would depend on the configuration of the refinery but on an average, Rs 2,000 crore would be invested per million tonne capacity.

Extracted from BS Jan 19,’16

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