RIL plans Rs 15,000 cr in Jamnagar

Reliance Industries Ltd, India’s largest private sector firm, is planning to raise the capacity of its Jamnagar Oil Refinery to 60 mill...

Reliance Industries Ltd, India’s largest private sector firm, is planning to raise the capacity of its Jamnagar Oil Refinery to 60 million tonnes per annum by 2009, a move that may involve an investment of up to Rs 15,000 crore.

‘‘Reliance is planning a third train to hike capacity from current 660,000 barrels per day (33 million tonnes per annum) to 1.2 million barrels per day (60 MTPA),’’ a source familar with the development said.

A senior company official confirmed plans to raise Jamnagar Refinery capacity by 2009-10. ‘‘We are looking at various options (of raising the capacity). Wait for sometime and you will hear official about it,’’ the official, who requested not to be quoted, said.

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He, however, did not talk about the capital expenditure that RIL may have planned for the purpose.

Reliance is talking to Bechtel, the engineering, procurement and construction contractor who had built the Jamnagar Refinery in 1990s.

‘‘Discussions are on with Bechtel and other contractors and consultants,’’ the company official said. Jamnagar Refinery is India’s largest oil refinery and after the capacity expansion Reliance would become the country’s largest refiner surpassing IOC.

It is also the only refinery in India which is able to process a wide variety of crudes. Reliance plans to have a chain of 5,849 petrol pumps before the expansion.

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Roughly of the expanded capacity would be for domestic consumption and the remaining for exports.

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