$3bn petro unit

Published February 25, 2007

NEW DELHI, Feb 24: India’s largest conglomerate Reliance Industries said on Saturday it will build a $3bn petrochemical factory in western Gujarat state.

The plant, which will make ethylene, propylene and other special derivative products, is expected to be operational by 2010-11 in Jamnagar town. It will have a capacity of two million tons per year, the company said in a statement.—AFP

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