Reliance Petroleum Ltd. (RPL), a 100% subsidiary of Reliance Industries Ltd, is to set up a greenfield petroleum refinery and polypropylene plant in a special economic zone at Jamnagar, Gujarat. The company plans part-finance the Rs 27,000 crore (Rs 270 billion) export-oriented refinery project at Jamnagar through an issue that opens on April 13 with a price band of Rs 57 to Rs 62 and closes on April 20.
The proposed refinery, which will have a capacity to process 580,000 barrels per stream day, has been configured to refine a variety of feedstocks including heavier and more sour crude oils and to produce high quality transport fuels and other value added petroleum products. RPL will focus on exporting jet fuel, diesel, gasoline and alkylates to North America and Europe.
12-Apr-06 
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