ONGC is planning to invest Rs 20 billion in the installation of two petrochemical plants across the country. Currently, the company is looking for suitable land for setting up the projects. The projects will be set up independently or as joint ventures (JVs). Further, it is planning to set up two greenfield oil-to-chemical plants in the country for converting crude oil into petrochemicals. The company aims to expand its chemical and petrochemical portfolio from the current 4.2 mtpa to 8 mtpa by 2030.
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