The INR25,000 crore ($42.4bn) Cuddalore refinery, located in Tamil Nadu, India, will produce 6 million tons a year of oil in phase-I while the company is also planning to set up a similar capacity unit in the second phase.
Press Trust of India reported Ramasundaram as saying that, "The first 6 million tonnes per annum unit is about 60 per cent complete and will be commissioned in 18 months from the date we get a strategic investor which is likely by mid-June."
In addition to processing heavy/sour grades of crude, the refinery can process light and middle distillates of up to Euro-IV standards.
"Half of the refinery produce will be diesel while 15 per cent of the produce will be gasoline (petrol). The remaining would be other products like ATF and LPG," Ramasundaram added.
