Why no concern about the liquidation of petroleum refinery project in Cuddalore?

摘要

IT IS SURPRISING that neither the Government of Tamilnadu nor the political parties or fringe groups in Tamilnadu have expressed concern that a six million tonne per year capacity petroleum refinery project in Cuddalore with an estimated investment of more than Rupees 15000 crore is likely to be liquidated soon. This Nagarjuna Oil Refinery project at Cuddalore is a joint venture of private promoter and Tamil Nadu government owned Tamil Nadu Industrial Development Corporation and the project implementation stared in 2008. As per the original schedule, the project should have been completed by 2012. During the last Global investor's meet in Tamil Nadu, the then chief Minister Ms. Jayalalitha declared this project as the anchor client for the Petroleum, Chemicals and Petrochemicals Investment Region ( PCPIR), where several thousand crore of rupees of investment by way of additional projects was declared as possible and as the objective.