The Indian Government has given approval to the PSU Oil and Natural Gas Corp's (ONGC) to set up the Rs 4,900 crore Aromatic complex and Olefin complex adjacent to its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) and the Dahej petrochemical complex in Gujarat. The petrochem plants are to utilize the by-products from its refineries and use natural gas produced as feedstock. This is in line with the global trend of refineries being converted into refinery-cum-petrochemical complexes to gain from the high margins on petrochemicals.
The Govt., however, has discouraged ONGC's entry into fuel retailing.
17-Aug-06 
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