Friday, August 17, 2007

Pre-feasibility report negates viability of ONGC's Kakinada refinery

Oil and Natural Gas Corporation's (ONGC) proposed greenfield refinery at Kakinada, Andhra Pradesh, has been found commercially unviable in a pre-feasibility report prepared by Consultants Engineers India Ltd (EIL). A detailed feasibility report on the 15-mln ton refinery, for which the company had marked an investment of about Rs 22,000 crore, is expected to be finalised later this month.

For more details please click on the following link
http://plastemart.com/plasticnews_desc.asp?news_id=10693&P=P

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