{"id":438659,"date":"2021-09-28T10:55:16","date_gmt":"2021-09-28T05:25:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438659"},"modified":"2021-09-28T11:47:15","modified_gmt":"2021-09-28T06:17:15","slug":"ioc-cpcl-start-working-on-rs-31580-cr-refinery-project-at-nagapattinam-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-cpcl-start-working-on-rs-31580-cr-refinery-project-at-nagapattinam-2\/","title":{"rendered":"IOC, CPCL start working on Rs 31,580-cr refinery project at Nagapattinam"},"content":{"rendered":"<p>State-run Indian Oil Corporation (IOC) and its subsidiary, Chennai Petroleum Corporation (CPCL), have started working on the Rs 31,580-crore refinery project at Nagapattinam in Tamil Nadu.<\/p>\n<p>While both the companies will hold 25 per cent each in the proposed 9 million tonne per annum (MTPA) refinery, the remaining 50 per cent will be held by a strategic or financial partner, for which talks are already on. The companies have appointed SBI Capital Markets, a subsidiary of the State Bank of India, for providing the financial advisory, debt and quasi equity syndication services for the greenfield project.<\/p>\n<p>SBI Caps is being engaged to assist in the identification of seed investors and also investing in equity or quasi- equity to the extent of Rs 5000 crore, and also for arranging debt to the tune of Rs 20,000 crore for this project, CPCL said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run Indian Oil Corporation (IOC) and its subsidiary, Chennai Petroleum Corporation (CPCL), have started working on the Rs 31,580-crore refinery project at Nagapattinam in Tamil Nadu. While both the companies will hold 25 per cent each in the proposed 9 million tonne per annum (MTPA) refinery, the remaining 50 per cent will be held by a strategic or financial partner, for which talks are already on. The companies have appointed SBI Capital Markets, a subsidiary of the State Bank of India, for providing the financial advisory, debt and quasi equity syndication services for the greenfield project. SBI Caps is being [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-438659","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=438659"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438659\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}