India's Reliance Petroleum Ltd, which is building a 580,000 barrel per day (bpd) refinery, said on Wednesday it had completed 90 percent of the project by March 31.
The company said it had spent 233.19 billion rupees ($5.8 billion) on the project up to end-March, and repeated previous statements it was on course to complete the refinery ahead of its initial target of December 2008.
But it did not specify the exact date the plant would be commissioned.
Reliance Petroleum is a subsidiary of Reliance Industries Ltd, India's most-valuable listed firm, which runs a 660,000 bpd refinery next to the new project in Jamnagar in Gujarat.
No comments:
Post a Comment