Govt Approves Setting up of PCPIR in Tamil Nadu
New Delhi: The Cabinet has approved the setting up of the country's fifth Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) in Tamil Nadu, hoping to attract 
92,160 crore investment.
The PCPIR would come up in the Cuddalore and Nagapattinam districts of the southern state on over 256.83 sq km, Home Minister P Chidambaram said today in a media briefing on the decision of Cabinet Committee of Economic Affairs taken last evening.
"A total investment of about 92,160 crore is expected in the TNPCPIR which includes committed investment of 22,160 crore," Chidambaram said.
Nagarjuna Oil Corporation (NOCL) and state-owned Chennai Petroleum Corporation (CPCL) would be the lead anchor tenants in the proposed PCPIR.
Chidambaram said NOCL is setting up a six million tonnes per annum (mtpa) refinery at Cuddalore with 9,660 crore investment and CPCL is planning a 15 mtpa capacity refinery- cum-petrochemical complex with 40,000 crore outlay.
Source: PTI
92,160 crore investment.
The PCPIR would come up in the Cuddalore and Nagapattinam districts of the southern state on over 256.83 sq km, Home Minister P Chidambaram said today in a media briefing on the decision of Cabinet Committee of Economic Affairs taken last evening.
"A total investment of about 92,160 crore is expected in the TNPCPIR which includes committed investment of 22,160 crore," Chidambaram said.
Nagarjuna Oil Corporation (NOCL) and state-owned Chennai Petroleum Corporation (CPCL) would be the lead anchor tenants in the proposed PCPIR.
Chidambaram said NOCL is setting up a six million tonnes per annum (mtpa) refinery at Cuddalore with 9,660 crore investment and CPCL is planning a 15 mtpa capacity refinery- cum-petrochemical complex with 40,000 crore outlay.
