GAIL to invest Rs 88 billion in new 500 KTPA polypropylene complex at Usar Maharashtra

GAIL plans to convert an existing liquid petroleum gas plant at Usar in Raigad district of Maharashtra into a petroleum complex for producing polypropylene. It will have a capacity of 500,000 tonnes per annum by 2023-24. The petroleum complex is expected to be built at a cost of Rs 88 billion. The company’s revised plan, Strategy 2030, aims to diversify its portfolio by entering the petrochemicals and piped LNG, renewable energy and biofuel production segments.