India’s plan to have the world’s largest refinery may get delayed by three years with the 60 million tonne (MT) Ratnagiri refinery in Maharashtra expected to come up by 2025.
Land acquisition issues have put work on the Rs3-trillion project in the slow lane. Global majors like Saudi Aramco and Abu Dhabi National Oil Company (Adnoc) have formed a joint venture with state-run oil marketing companies to hold 50 per cent stake in Ratnagiri Refinery and Petrochemicals (RRPCL).
Global consulting giant Jacobs has already started working on the configuration of the refinery, which is expected to be 30 per cent for petrochemicals. According to a person close to the development, the project may be commissioned only in 2025, against the initial plan of 2022.
This comes after Maharashtra Chief Minister Devendra Fadnavis had told the state assembly in November that his government has stayed land acquisition. He said that no land acquisition is underway at the site and the state has not issued any direction for acquiring land, Read More