Reliance Industries is planning to
invest $645 million to develop Sikka port for its Jamnagar refinery, in addition
to the two new single buoy moorings for its new SEZ refinery project.
The company wants to develop the port
to cater to the upcoming 59,000 bpd refinery of Reliance Petroleum,
its existing Jamnagar petroleum refinery and petrochemicals complex, and
the proposed multi-product SEZ in Haryana.
The development cost envisaged is more
than $1.1 billion, with an investment potential of $9 billion.
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