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World News and Views :: Projects

Reliance to Make Big Investment Toward ‘Super Site’ in India

9:34 AM MDT | October 24, 2007 | Natasha Alperowicz

Reliance Industries will be “scaling higher peaks” with an $8 billion-$9 billion investment over the next 3-4 years to make its Jamnagar, India manufacturing complex a “super site,” says chairman Mukesh Ambani. The company plans to make a major expansion of para-xylene capacity at Jamnagar from 1.9 million m.t./year, to 4.5 million m.t./year, under a two-phase project to maximize integration with Reliance’s Jamnagar refineries, Ambani told attendees at the company’s shareholders’ meeting at Mumbai earlier this month...

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