Chennai Petroleum’s board approves a joint venture (JV) with I | Value investing and swing trading(money markets academy)

Chennai Petroleum’s board approves a joint venture (JV) with Indian Oil and other seed equity investors. The JV will build a 9 million metric tonne per annum refinery project at Cauvery River Basin in Nagapattinam district for approx. Rs 31,850 crore. The board also approves an equity investment of Rs 2,570 crore towards the project.