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Reliance Industries Said to Revive Plan to Build Chemical Plant

Billionaire Mukesh Ambani’s Reliance Industries Ltd. may start work on a multibillion-dollar chemical plant this year, reviving a project to meet India’s surging demand for the raw materials for plastics, drugs and textiles.

Reliance is close to deciding the final configuration of the plant, which will be capable of producing as much as 1.6 million metric tons a year of chemicals such as ethylene and propylene, said a person familiar with the project, who declined to be identified because the information isn’t public.

Source: Bloomberg

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14 SUM CVR 160x214Inside the Summer 2014 issue…

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