Chennai Petro hunting new site for Ennore project

Chennai Petroleum Corp is scouting for alternate site for its new refinery project in Tamil Nadu state following difficulties in land allocation at Ennore, its managing director said on Wednesday.

"It's not entirely put on hold; we are still working on the project," K Balachandran told CNBC-TV18 television channel.

There could be a different site because there are difficulties from the environmental angle to get the land allocated at Ennore, he said.

The company plans to spend about Rs100 billion over next 4-5 years, he said when asked about the company's capex plans.