Reliance Industries Ltd.’s 660,000 bpd Jamnagar refinery is to operate as a non-EOU refinery to cater to increasing domestic demand of petroleum products. RIL has surrendered the status of export-orieented unit (EOU) in a bid to sell fuel in the domestic market, as well as to help the company save on taxes as it would have to pay higher taxes if it were to continue with the EOU status.
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Wednesday, April 22, 2009
RIL gives up EOU status of Jamnagar refinery
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