RIL approaches banks for five-year loan

Reliance Industries Ltd is believed to have approached banks for the five-year loan for its US$12 bln petrochemical expansion. However, a company spokesperson did not immediately offer any comment. Earlier in the month, RIL raised US$2 bln as loan from German banks. RILs expansion plans include a US$4 bln petroleum coke gasification project to produce synthetic natural gas that will replace expensive LNG as fuel, and US$8 bln on adding capacities of PFY, PET, polyester and intermediate chemicals such as PTA and paraxylene, besides adding new products such as carbon black and rubber
  More News  Post Your Comment

Previous News

Next News

{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha