The government on Tuesday said the three state-run oil marketing companies (OMCs) will formalise plans to set up the world’s largest refinery-cum-petrochemicals complex located on the country’s west coast.
The three state-owned OMCs — Indian Oil, Bharat Petroleum Corporation and Hindustan Petroleum Corporation — will sign a joint venture agreement for the creation of the proposed complex on Wednesday.
Last year, the government disclosed that the three OMCs will build a 60 million tonne per annum refinery along with a petrochemicals complex in Maharashtra. Read more
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