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.
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Other stock markets
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5-day change | 1st Jan Change | ||
166.6 INR | -1.39% | -2.06% | +28.34% |
Stocks mentioned in the article
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Change
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5d. change
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Capi.
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941.8 INR | +1.12% | +5.16% | 1.68B | ||
166.6 INR | -1.39% | -2.06% | 27.52B | ||
EPS Revisions
1st Jan change | Capi. | |
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+28.34% | 27.52B | |
+13.74% | 224B | |
+10.46% | 105B | |
+13.69% | 104B | |
+32.37% | 70.76B | |
+16.20% | 65.72B | |
+26.07% | 53.99B | |
+26.70% | 37.3B | |
-20.15% | 21.08B | |
-14.13% | 20.29B |
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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