Reliance eyes expansions for west India refineries
The company's head of refinery operations, Tony Fountain, made the comments to reporters. He said Reliance's chairman has a target of doubling revenue for the company, with downstream a significant part.
By SAURABH CHATURVEDI
NEW DELHI -- Reliance Industries is looking to expand
capacity at its refineries in the western state of Gujarat, a
senior executive said Monday.
"Our chairman (Mukesh Ambani) has set a target of doubling
revenue for Reliance Industries. Downstream is very much part
of it," the company's head of refinery operations, Tony Fountain,
"We are very much looking at all sorts of plans."
Mr. Fountain didn't provide further details. The company
operates twin refineries at Jamnagar in Gujarat.
Fountain also said Reliance is looking at refinery configurations to produce
more value-added products, according to news reports.
Earlier this year, Reliance unveiled an $18 billion investment plan for India over the next five
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