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News Brief | October 2015

NOCL´s refinery project stuck

Nagarjuna Oil Corporation (NOCL´s) new refinery at Cuddalore has not received funds worth Rs 24 crore to pay salary to the employees and finance the cost of preserving the equipment. The company is promoted by the Nagarjuna Group with Tata Sons and Tata Petrodyne being the major stakeholders with 47 per cent and 25 per cent.
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