Indian ONGC to set up 2 petchem plants with $12 Bln investment iranoilgas.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iranoilgas.com Daily Mail and Mail on Sunday newspapers.
Foreign institutional investors net bought shares worth Rs 550.19 crore, while domestic institutional investors purchased Rs 609.82 crore worth of stocks on November 15, provisional data from the National Stock Exchange showed.
Demand for petrochemicals, the building blocks for plastics, fertilisers and pharmaceuticals, is projected to remain strong due to their wide range of uses across large industries, including construction, automotive and electronics
India s top oil and gas producer, ONGC, plans to invest approximately Rs 1 lakh crore in establishing two petrochemical plants to directly convert crude oil into high-value chemical products. This initiative aligns with the global shift away from fossil fuels, with ONGC targeting the production of chemicals that are crucial for manufacturing detergents, fibers, plastics, and pharmaceuticals.