Wednesday, February 27, 2008

ONGC drops plans of HDPE unit at proposed project at Dahej

Oil and Natural Gas Corporation (ONGC) has reduced the projected cost of proposed mega-petrochemical plant at Dahej, Gujarat, by Rs 1100 crore. The project was initially configured with a styrene butadiene rubber (SBR) and a dedicated HDPE (high-density polyethylene) unit that have now been removed in view of current market demand-supply dynamics.

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