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.
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Friday, August 17, 2007
Pre-feasibility report negates viability of ONGC's Kakinada refinery
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