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Is it a good share to buy ? i heard that cals refineries are coming up with big projects this year.

About: Company: Cals Refineries Ltd.

Asked by toxicneo007, 17 Feb '09 10:43 am
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Yes u can grab it in this cheap price. The initiative for these projects started from last year.CALS Refinery proposes to invest Rs. 20,000 crore in three phases to set up refinery projects at Haldia and at the proposed Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) at Nayachar in West Bengal.The product profile includes naphtha which would be bought by Haldia Petrochemicals, besides, various grades of petrol, diesel and liquefied petroleum gas (LPG). The first two phases will entail an investment of Rs. 4,000 crore each and a capacity of five mtpa each.
The final phase with a capacity of ten million tonnes annually and an investment of Rs. 12,000 crore is proposed to be set up on 800 acres on the PCPIR, which is slated to come up at Nayachar, once the infrastructure gets readied there. The company had already spent around Rs. 360 crore towards equipment supply and commence site activities by April08.The first two phases would get completed by 2010 and the expansion ...more
Answered by Arunav Sarkar, 17 Feb '09 11:32 am

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