Refinery-cum-petchem expansion: Promoter claims it is in severe trouble – 12 Mar 2025

This is something alarming that every company undertaking a petrochemical expansion must take into account

This company started its refinery-cum-petrochemical expansion project earlier than most.

Capital out was around Rs 20,000 crore

Now the company claims that the market has become so bad and returns have so low that it wants to spend less on certain items