Indian Oil Corp (IOC) and Chennai Petroleum Corp Ltd (CPCL) are said to be looking for a strategic investor to partner their 15m tonnes/year refinery and petrochemicals project at Ennore, Tamil Nadu.
No time frame appears to have been set but Engineers India Ltd is working on a prefeasibility report which is due to be completed in June.
Meanwhile CPCL has asked the Tamil Nadu government for 3000 acres land at Ennore for refinery and petchems project. Interested companies might want to keep this in mind before sending in their applications.
For those who have come in late, land acquisition has become a major problem in India. Read my other entries on this issue.