Phillips Pstroleu Orf R to Build 2 Villion Ton a Pingry at Cochin

International Bulletin Vol. 1, No. 50, 7 December 1962 · p. 2 of the scan · 95 words

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The Financial Times of 3rd.Docomber roports: =

Tha ; a 5) . * Re Pix oo : + leum to inate fs Te Gent tae ae Banka le Be Tada te Senta 4 Pelee nese plant,including a 100,000 ton lu*reating oil plant,an asphalt plant,hydrogenation and power plants — all at an estimated cost of 250m. The company has offersd to take a minority sharo of 25% in equity capital, to share 24% with Duncan Bros. and Goonkas. who would bo sponsoring thu project, and giving ths majority sharo of 51% to tho Government of India.