HPCL, GAIL to divest up to 50% stake in petrochem plant in Andhra Pradesh

摘要

State-owned refiner Hindustan Petroleum Corp. Ltd (HPCL) and gas utility GAIL India Ltd will divest up to 50% stake in the Rs. 30,000 crore petrochemical plant, being set up in Andhra Pradesh, according to PTI. HPCL and GAIL are looking at setting up a 1 mln ton ethylene derivatives plant, which will produce a wide range of petrochemical raw material for the manufacture of detergents, paints and coatings, cosmetics, textiles and adhesives.