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RIL planning to spend Rs 2,270 crore to remove production bottlenecks at Vadodara Facility

07 Jun 2019 Evaluate

Reliance Industries (RIL) is planning to spend Rs 2,270 crore to remove production bottlenecks at its flagship Vadodara Manufacturing Division (VMD) as part of a plan to increase petrochemical output. The planned modifications and de-bottlenecking would result in enhanced production, with minimum investment on supporting facilities than that required for setting up new stand-alone production units.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.

Peers
Company Name CMP
Reliance Industries 1177.30
Indian Oil Corpn. 126.05
Bharat PetroleumCorp 286.70
HPCL 328.20
MRPL 174.00
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