Things are improving, demand is also increasing, SN Pandey, Managing Director of Chennai Petroleum said in an interview with CNBC-TV18.
“Demand is almost normal, diesel and aviation (fuel) is yet to pick up,” he added.
There is a substantial increase in crude throughput. “Our crude throughput during this quarter was 2.05 million tonne (mt) compared to the last quarter of 1.3 mt,” he said.
In terms of an upcoming refinery in Tamil Nadu, he said, “This is going to be 9 mtpa refinery. Once it gets approved, in four years’ time it will come on stream. The total expenditure for this project will be around Rs 29,000-30,000 crore.”