Chennai Petroleum Corporation (CPCL,), Indian Oil Corporation Limited (IOCL) and seed equity partners have signed a Joint Venture Agreement for the upcoming grass root 9 MMTPA Refinery and Petrochemicals Project at Nagapattinam in Tamilnadu. IndianOil and CPCL will together hold 50% of Equity Stake (25% each) in the Joint Venture Company (JVC) and the balance 50% stake would be held by Financial/Strategic Investors, to be identified at a later stage. Pending onboarding of the Financial/Strategic investor, the JVC is being incorporated with the two promoters, IndianOil and CPCL.
Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
170.2 INR | +0.89% | +0.74% | +31.11% |
08:23am | China's Sinopec charts global expansion with refinery in rival India's backyard | RE |
Apr. 22 | INDIA STOCKS-Indian shares rise tracking Asia rebound; drop in HDFC Bank caps gains | RE |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
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1,072 INR | -0.36% | +14.87% | 1.92B | ||
170.2 INR | +0.89% | +0.74% | 27.89B | ||
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+31.11% | 27.89B | |
+12.70% | 221B | |
+16.63% | 102B | |
+34.23% | 71.76B | |
+18.51% | 67.03B | |
+28.46% | 55.02B | |
+28.39% | 37.84B | |
-25.95% | 21.22B | |
-9.67% | 21.26B | |
+10.48% | 19.52B |
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- Chennai Petroleum Corporation, Indian Oil Corporation Limited and Seed Equity Partners Sign A Joint Venture Agreement for the Upcoming Grass Root 9 MMTPA Refinery and Petrochemicals Project At Nagapattinam in Tamilnadu