Wednesday 3 January 2018

Reliance Industries completes USD 11 billion expansion plan


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India's private petrochemical major, Reliance Industries Limited (RIL) has successfully commissioned the refinery off-gas cracker (ROGC) complex built at Jamnagar, Gujarat. The company houses its integrated refining and petrochemicals production hub at Jamnagar. The ROGC complex is the world's largest ethylene crackers using residue off-gas to create feedstock for manufacturing downstream petrochemicals. The project cost the company US Dollar 11 billion in capital expenditure.

The refinery off-gas cracker complex has a unique configuration since it uses off-gases from Reliance’s two refineries at Jamnagar which will boost the operating income of the company.


Today’s Stock closing bell, the Shares of Reliance Industries quoted Rs. 916.95 per share, up 0.61%. The BSE-Sensex ended at 33,793.38, down 18.88 points while the NSE-Nifty-50 index rose 1 point to 10,443.20.  

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