We also propose to set up an oil jetty at an estimated cost of Rs960mn to augment crude supply to the existing refinery at Cauvery Basin. Evacuation of petroleum products through pipeline is emerging as the cheapest and safest method of carrying products to different parts of the country. Petronet CTM Ltd. I would not like to make further comments at this stage. They have suggested two alternative route alignments, which are under study. We are also talking to Indian Oil Tanking for the development of storage and pipeline facilities for crude oil transportation and storage on Build-Own and Operate basis.
Feasibility studies are at advanced stages of completion.
We would be setting up a 500 MW power project, based on the refinery residue at a cost of Rs26bn. A fortune in black gold. 2001 India Infoline Ltd. All rights reserved.