Reliance Industries Commissions Major Refining Complex in Jamnagar
What happened
Reliance Industries has established a major refining and petrochemical complex in Jamnagar, on India’s western coast. This complex was India’s first major private sector refinery and was commissioned in approximately 30 months. A second export-oriented refinery was subsequently added, bringing the combined complex capacity to roughly 1.4 million barrels per day.
From dailytrust.com
Why it matters
The development involved significant financing, including promoter capital, public equity, and international borrowing. For the later $6 billion export refinery, the financing structure was approximately 42 per cent equity and 58 per cent debt. The project also secured a $500 million loan guarantee from the US Export-Import Bank to support the purchase of American equipment and services.
From dailytrust.com
Who's involved
- JamnagarLocation of the major refining and petrochemical complex.
- Reliance Industries LimitedCompany responsible for building and operating the complex.
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The entities involved
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Jamnagar
Indian city in the state of Gujarat
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