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Jamnagar News

Tuesday, December 23, 2008

Essar Cancelled Jamnagar SEZ Proposal

Adverse Financial condition has taken toll of 1125 1,125 hectare Essar Special Economic Zone (SEZ) in Jamnagar.

Proposal of creating 16-20 MMTPA petrochemical refinery at the cost of Rs 15,000 crore is cancelled.

It is to note that recently DLF Ltd withdrew a SEZ in Delhi.

Currently petrochemical complex in Jamnagar (Reliance and Essar) are contributing 40% of India's petro-chemical needs, if the refinery expansion was not cancelled then Jamnagar share could reach to 50%.

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