Maharashtra could end up losing the mega Ratnagiri refinery if no decision on its revised land allotment is made by August. 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,” said an industry source familiar with the project’s pace of progress.
The original location for the refinery was Nanar in Maharashtra’s Ratnagiri district but this was scrapped in March this year following protests by the locals.
They did not want the project commissioned in an environmentally-sensitive region and it was only a matter of time before this became a political issue between the ruling BJP and the Shiv Sena. Read More
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