The government expects inflow of domestic and foreign investments to the tune of $ 60 billion as it gave its approval on Tuesday to set up the first petrochemical hub
Bankrupt petrochemicals firm LyondellBasell outlined a restructuring plan that it said was a better option than a $14. 5 billion bid from Indian energy major Reliance Industries court documents
Shares in energy major Reliance Industries rose more than 1 percent early on Monday after the company said over the weekend it made a cash offer to buy a controlling interest in bankrupt petrochemicals company LyondellBasell Industries.
GAIL India may have put its mega petrochemicals plan on the backburner
Reliance Industries' start up of gas supplies will help the energy giant.
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