Shell eyes stake in Nayara Energy’s $9 bn Indian petchem project

The Hindu Business Line | Aug 12, 2020 at 7:52 PM
  • Oil major Royal Dutch Shell plans to buy a 50 per cent stake in Indian-based Nayara Energy’s up to $9 billion planned petrochemical project.
  • Global oil majors are looking at expanding foothold in the vast Indian market, where local refiners are investing billions of dollars to boost their petrochemical capacities.
  • The project will also have an aromatic complex and capacity to produce 10.75 million tonnes of a variety of petrochemicals.