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World News and Views :: Top of the News
Reliance Industries: Making Jamnagar a “Super Site” with $8 billion-$9 billion investment
9:25 AM MDT | October 15, 2007 | Natasha Alperowicz
Reliance will be “scaling higher peaks” with a massive $8 billion-$9 billion investment in the Jamnagar “Super Site” alone in the next 3-4 years, according to chairman Mukesh Ambani. Speaking at the company’s annual general meeting in Mumbai on October 12, Ambani announced a major expansion of para-xylene capacity from 1.9 million m.t./year to 4.5 million m.t./year in a two-phase project with refinery integration. “With this expansion, Reliance will have 15% of the global p-xylene capacity,” he says. The project will...
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