The Oil and Natural Gas Corporation (ONGC) plans to invest Rs. 45,000 to 50,000 crores in the Coastal Special Economic Zone (CSEZ) planned in Mangalore, apart from the investment by other industries.
This amount is almost two times the originally planned Rs 25,000 crore. The project includes setting up a petrochemicals complex and an LNG terminal and expanding the capacity of Mangalore Refinery and Petrochemicals Ltd by 15 million tpa. Rs. 13,000 crores will be invested on the dual-feed Cracker and Aromatics complex, Rs. 15,000 crores will be invested in a petrochemical complex, while another Rs. 25,000 crores will be required for the expansion of the MRPL, that will include a gas cracker plant and a liquefied natural gas terminal.
20-Mar-06 
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