PSU Watch logo

| IRCON emerges as the lowest bidder in NHAI & Chennai Metro projects |   | Govt aiming for 10% reduction in India’s crude oil import by next year: PNGRB Secretary |   | Mahanagar Gas Ltd hikes gas prices for 3rd time in six weeks |   | India to allow international flight operations from Dec 15 |   | RBI accepts 21 recommendations on ownership of private banks |  

RIL planning to spend Rs 2,270 cr on improving petrochemical output

The planned expenditure will help RIL to increase the production of existing petrochemicals and add other products
New Delhi: Mukesh Ambani-led Reliance Industries Ltd (RIL) is planning to spend Rs 2,270 crore in order to remove production bottlenecks at its flagship Vadodara Manufacturing Division (VMD) with a view to increase petrochemical output, an application sent by the company to the Environment Ministry showed. “A majority of the offsite and other infrastructure facilities required for the petrochemical manufacturing and production are already available through the existing VMD facility. Therefore, the proposed modifications and de-bottlenecking would result in enhanced production, with minimum investment on supporting facilities than that required for setting up new stand-alone production units,” RIL said in the application.

RIL plans to add more products to its portfolio

The planned expenditure will help RIL to increase the production of existing petrochemicals and add other products, including Di-Ethylene Glycol, Tri-Ethylene Glycol, Poly-Ethylene Glycol, Heavy Normal Paraffin, Light Normal Paraffin, Heavy alkylates and Heavy aromatics. The major raw material for the facility will be naphtha which will be sourced from RIL’s Jamnagar refinery.

Petrochemical production grew by 16% last fiscal

The company’s petrochemical production rose by nearly 16 percent to 37.7 Million Tonne in financial year 2018-19, helping it increase its petrochemical segment revenue to Rs 1,72,065 crore, as compared to Rs 1,25,299 crore recorded in the previous fiscal.