Reliance Industries Ltd is planning to increase its oil-refining capacity by about half and will expand its refinery complex, which is the world’s largest.
According to a Bloomberg report, the proposed facility will come up in Jamnagar, which is the world’s biggest refining complex.
The facility will be able to process as much as 30 million tons of crude a year, the report said, quoting people privy to the development.
Reliance Industries Limited, headed by Mukesh Ambani, is an Indian conglomerate holding company headquartered in Mumbai. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications.
In 2000, Reliance commissioned the world’s largest grassroots refinery in a record 36 months: the Jamnagar petrochemicals and integrated refinery complex. Reliance is the first private sector company to be rated by international credit rating agencies – including Moody’s, Standard and Poor’s.
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