NEW DELHI, May 9 (UPI) -- Mangalore Refinery and Petrochemicals Ltd. will invest $2 billion over the next three years to expand the capacity of its refinery in Mangalore, India.
MRPL Managing Director R. Rajamani said the company wants to expand the capacity of its refinery from 9.69 million tons to 15 million tons. He said the company had obtained environmental clearance and the expansion process would begin shortly.
The head of the Gujarat-based government-controlled company said it has completed the job of land acquisition, adding the relocation of project-affected people was in progress.
"Selection of licensors for process technology for major licensed units has been completed and the basic engineering and design work was under progress," he said. "The tendering process for critical units was in progress and the project was expected to be completed by January 2011."
