August deadline set for Maharashtra for Ratnagiri refinery

If no decision is taken by Maharashtra on its revised land allotment by August, it could lose Ratnagiri refinery.

According to a report in BusinessLine, the 60-million-tonne (mt) project has already been delayed by nearly two years and the stakeholders are clearly in no mood to wait forever.
“Going by the present timetable, the first phase will be commissioned by 2025. Delaying this further is just not worth anyone’s while,” it quoted an industry source familiar with the project’s pace of progress as saying.

The actual location for the refinery was Nanar in Maharashtra’s Ratnagiri district but this was scrapped in March this year following protests by the locals, who did not want the project commissioned in an environmentally-sensitive region.

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Research Desk

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