SRF plans petrochem complex in Gujarat

16-Aug-07
SRF, a leading player in technical textiles and refrigerant gases is exploring possibilities of setting up a Rs 2,000 crore petrochemical complex in South Gujarat. SRF also has operating interests in packaging films and pharma intermediates. SRF has approached the state government with a request to acquire land for the project in South Gujarat, possibly Dahej. However, the project could be located outside the SEZ. If this plan materializes, Dahej will have its second petrochem complex. Currently, ONGC is implementing a global-scale petrochemical complex comprising of a 1.1 mln tpa ethylene capacity dual feed cracker, along with associated units and polymer plants at Dahej. The Rs 13,000-crore project is proposed to be implemented through the SPV route, in which ONGC will hold 26% equity. The complex, which is has Gujarat Industrial Development Corporation (GIDC) as co-promoter will be in the Dahej Special Economic Zone (D-SEZ).
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