Reliance Industries may join GAIL India and Hindustan Petroleum Corporation (HPCL) to set up a mega one million-tonne per annum (mtpa) petrochemical complex in Visakapatnam.
The plant may cost over Rs 6000 crore. The capacity of the plant would equal the polymer manufacturing capacity of RIL and Indian Petrochemicals Corporation (IPCL) put together.
RIL has a capacity of one million tonnes after it acquired IPCL from the government in June 2002 and merged it with itself. Gail has an agreement with RIL for setting up petrochemical plants overseas.