Reliance Industries planning expansion of Jamnagar refinery
Reliance Industries is planning a new plant at its Jamnagar refinery with a refining capacity of as much as 30 million tonnes of crude oil per year
Mumbai/New Delhi: Billionaire Mukesh Ambani-owned Reliance Industries Ltd is considering a plan to boost its oil refining capacity by about half, people with knowledge of the matter said. The proposed plant, to come up at the world’s biggest refining complex in Jamnagar, will be able to process as much as 30 million tonnes of crude a year, the people said asking not to be identified because the discussions are private. The company’s shares closed 2% higher in Mumbai, compared with 0.9% gain in the benchmark BSE Sensex index.