Essar Group plans to set up an special
economic zone (SEZ) near 10.5 million tpa refinery at Vadinar in Jamnagar
district of Gujarat. The project will entail a total investment of Rs.15,000
crore.
Out of the total project cost, Essar
Group will invest around Rs.11,000 crore for setting up a petrochemical complex and
a power plant.
For the proposed SEZ, the company got
in-principle approval from the Gujarat government which will be coming up on an
area of 1,200 acres of land.
This is the second multi-product SEZ
at Jamnagar after the multi product SEZ of Reliance Industries.
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