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GAIL (India) to invest Rs 8800 cr in new 500 KTPA Polypropylene complex at Usar (Raigad), Maharashtra

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Capital Market
Last Updated : May 16 2019 | 1:18 PM IST
GAIL (India) has approved revival of existing LPG Plant at Usar, Distt. Raigad Maharashtra and converting it into 500 KTPA Polypropylene complex with an estimated investment of Rs 8800 crore.

This is first of its kind project in India which would be using Propane Dehydrogenation technology for production of Propylene integrated with the downstream Polypropylene Unit. The project is expected to be commissioned by FY 2023 24. The Project is proposed to be financed with mix of internal generations and external debts.

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First Published: May 16 2019 | 12:56 PM IST

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