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Jamnagar News

Sunday, September 26, 2010

40K Crore RIL Expansion plan leaked in media


Reliance Industries Ltd (RIL) is planning to increase capacity of the Jamnagar refinery and will be making it as biggest refinery in the world.

RIL will invest more then 40,000 crore by 2014.

Off the 40K crore, 15K crore will alone be spent on the prestigious cracker project, this craker will decompose crude into Ethylene, propylene, low-density polyethylene and monoethylene glycol etc.

Second pie of 15K crore will be ised in coke gasification plant.

Small investments like supporting projects would cost Rs. 4,000 crore. it will have a crude distillation unit (CDU) that would utilize crude from Cairn.

For the first time "J3" a code name for Jamnagar refinery expansion was mentioned in the media. This news may flash during ‘Vibrant Gujarat’ conference for global investors to be held in January.

GL estimates net profit for RIL from 2011 to 2014 between 17-18 Bln USD.

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