Chennai unveils plans for Manali, Ennore

Chennai Petroleum Corporation Ltd. (CPCL), a subsidiary of Indian Oil Corp., has lined up plans for investments worth more than Rs5,000 crores (US$1.09 billion) on various projects in its refinery at Manali. It is also exploring the possibility of setting up a 15-million ton refinery-cum-petrochemical complex in nearby Ennore. The high conversion residue upgradation unit will increase the distillate yield of the refinery and reduce the production of low-value fuel oil. (August 26, 2006)