India’s newest petrochemicals maker is seeking to sell half its $4.6 billion facility to Saudi Arabian Oil Co., according to people with knowledge of the matter.
ONGC Petro Additions (OPaL) has begun exports to Singapore and intends to float a tender soon for exporting more products to other countries.
OPaL, a joint venture company promoted by ONGC, GAIL, and GSPC, is the single largest petrochemical plant in the country that has a capacity to produce 14 lakh tonnes of polymers and 5 lakh tonnes of chemicals such as benzene annually.
India’s largest petrochemical plant, built by ONGC Petro Additions Ltd (OPaL) at a cost of Rs 30,000 crore, at Dahej Special Economic Zone (SEZ) was dedicated to the nation by Prime Minister Narendra Modi on Tuesday.
Prime Minister Narendra Modi is to inaugurate Petro auditions Limited (OPal) in the industrial town of Dahej. The Prime Minister is to dedicate the Rs 30,000 crore petrochemicals plant to the people
Prime Minister Narendra Modi on Tuesday will inaugurate the Rs 30,000 crore OPaL petrochemical project and dedicate it to the nation.