Cals Refineries Ltd, formerly Cals Ltd, was founded on July 25, 1984. Sarvesh Goorha advertised the venture as a hardware company, and now the Spice Group is promoting it as a refinery project. In 1992, the company went public. The company's promoters have well-established businesses in India in Oil & Gas, Hospitality, and Infrastructure. The company seeks to actively engage in the energy sector's expansion in India and beyond. Initially, the company made hardware. They founded Business Associations in Maharashtra, Gujarat, Uttar Pradesh, Punjab, Haryana, and Delhi. In 1997-98, they signed a marketing and support deal with Videsh Sanchar Ltd. In later years, the company couldn't operate due to a lack of cash. The business is building a used refinery in West Bengal's Haldia. German refinery plant. Lohrmann International bought BayernOil's 30-year-old Ingolstadt refinery. Lohrmann sold it to Cals Refinery Ltd. The oil refinery will be dismantled, packaged into 3000 containers, and moved to Haldia. The business engaged KBC to modify the plant so it can refine lower-quality Arab crude oil. Spice Energy, the project's parent company, received $200m through a Luxembourg Stock Exchange worldwide depository receipt in November 2007. BP is in talks for a crude supply and product offtake arrangement. They made a land contract with Haldia Development Authority (HDA) and West Bengal Industrial Development Corporation (WBIDC) for a Rs 20,000 crore proposal for three refineries in Haldia and the Nayachar river island off Haldia. First two phases will cost Rs 4000 crore each and produce 5 mtpa. Each requires 400 acres, the first of which has been purchased. The last phase of the PCPIR at Nayachar will have a capacity of 10 million tonnes per year and cost Rs 12000 crore. The refinery will open in 2010.
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