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This is an archive article published on July 11, 2012

TN PCPIR to create 7.5 lakh jobs in Cuddalore region: Ministry

The Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) proposed to be set up in Cuddalore and Nagapattinam districts in Tamil Nadu is expected to generate over 7.5 lakh jobs.

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The Petroleum Chemicals and Petrochemicals Investment Region (PCPIR) proposed to be set up in Cuddalore and Nagapattinam districts in Tamil Nadu is expected to generate over 7.5 lakh jobs.

The project,cleared by the Union Cabinet on July 3,is hoped to attract a total investment of Rs 92,160 crore and provide job opportunities to 7,50,200 people.

It was likely to be launched in Cuddalore soon,a statement from the Ministry of Chemicals and Fertilizers headed by M K Alagiri said.

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Besides petrol,diesel,kerosene and naphtha,the project will also produce polyester,synthetic fibre,syntex tanks,pipes and goods required in the automobile industry.

It said the project to come up in an area of 256 square km area had materiaised due to the efforts of Alagiri.

Nagarjuna Oil Corporation (NOCL) and state-owned Chennai Petroleum Corporation Limited (CPCL) would be the lead anchor tenants in the proposed PCPIR.

NOCL is setting up a six million tonnes per annum (mtpa) refinery at Cuddalore with Rs 9,660 crore investment and CPCL is planning a 15 mtpa capacity refinery-cum-petrochemical complex with Rs 40,000 crore outlay.

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