In addition, private sector is also planning new refineries with a capacity of 35 MMTPA. PSU refineries have also taken up modernization projects.
Further, as a result of the benchmarking exercise of PSU refineries, follow up projects are being implemented to increase their profitability. These projects are likely to be completed in the year 2010, involving a total investment of over Rs. 20,000 crore.
Shri Murli Deora also informed the Committee that Indian Refining Sector has crossed a major milestone during the year by emerging as the top merchandise exporter of the country ahead of Gems & Jewellary with petroleum products exports of about Rs. 38,300 crore ($8.3 billion in April-August this year).
Click here to view more.
Press Information Bureau Government of India
marketing@alchempro.com
