PX expansion to give RIL 15% of global capacity

12 Oct '07

3 min read

Marketable securities with Reliance including investments in Reliance Petroleum Limited have a value at current market prices of approximately Rs 110,000 crore (US$28 billion).

This gives Reliance the ability to pursue organic and inorganic growth opportunities of significant scale and size in the future.

Acquisitions-led strategy already in place with recent acquisitions in Malaysia and Africa part of this.

Expansion of Paraxylene capacity from 1.9 million tonnes per year to 4.5 million tonnes per year which will give Reliance 15% of global paraxylene capacity.

Jamnagar refinery project expected to be completed ahead of schedule at nearly half the capital cost of international refineries of similar size.

Reliance to build at Jamnagar by 2012, world's largest Integrated Combined Cycle Coke Gasification Complex with a capacity of 6 million tonnes per year.

Reliance to invest US$ 4 billion of risk capital in the coming years, over and above the US$2 billion already invested, to realise hydrocarbon potential of India.

The first gas discoveries in Krishna Godavari expected to be in production in the second half of the financial year 2008-09.

The gas production rate will be equivalent to about half a million barrels of crude oil per day, representing 30% of India's current oil import. At current prices of gas and crude oil, this means a savings of Rs 36,000 crore (US$ 9 billion) annually, with multiplier effect on the Indian economy.

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