In 2019, Nayara Energy had first announced its plans to expand into petrochemicals at the Vibrant Gujarat Summit. "The company signed a financial agreement with a consortium of banks led by State Bank of India for a project term loan of Rs 4,016 crore," the company said in a statement. For the proposed project, it is already in possession of required land.from Energy-Industry-Economic Times https://ift.tt/3ym2pcx
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