Reliance Industries has announced an investment of upto Rs 4,000 crore (Rs 40 billion) in West Bengal to set up an agro-retail chain across the state besides bringing natural gas from Andhra and Orissa basin for industrial and other use.
An estimated Rs 1,500 to 2,000 crore (Rs 15 to 20 billion) will be pumped into the agro-retail chain.
An announcement is anticipated about Reliance's intention to become the anchor investor in a mega-chemical hub at Haldia and a possible buyout of the state government's stake in Haldia Petrochemicals, in which Indian Oil Corporation has also shown interest.
23-Jun-06 
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