Eil Awarded Crl Feasibility Report Contract

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Cochin Refineries (CRL) has commissioned Engineers India (EIL) to prepare a detailed feasibility report (DFR) for its proposed three million tonnes refinery, to be completed during the Ninth Plan. CRL chairman, K l Kumar, said the contract was awarded last week and the DFR would be submitted to the government by May next year for investment approvals.

This would enhance the capacity of the public sector CRL from the existing 7.5 million tonnes per annum to 10.5 million tonnes per annum, he said and added the first stage clearance for the project was accorded in April.

The preliminary feasibility report had pegged the investments at Rs 1,450 crore at June 1996 price levels. And the government had approved Rs 19 crore towards commissioning of a DFR.

While declining to give a cost estimate at current levels, Kumar said that usually PFR did not give good accuracy levels but a project at DFR level works out 40 per cent above the preliminary report.