INDIAN RAYON-Joint-Promoter for Mangalore Refinery

INDIAN RAYON Joint-Promoter for Mangalore Refinery INDIAN RAYON AND INDUSTRIES, formerly Indian Rayon Corporation, has been chosen by the government as a joint promoter of the Rs 1,050 crore Mangalore refinery project, which is slated to have a refining capacity of 3 million tonnes of crude per annum, to produce LPG (saturated and unsaturated) naphtha, motor gasoline, distillates such as HSD, kerosene, ATE, fuel-oil, bitumen, sulphur, fuel-gas etc The project will also have a naphtha cracking facility to produce ethylene, propylene, butadine and other related products. The project is being promoted jointly with Hindustan Petroleum Corporation A memorandum of understanding to this effect has already been signed. Indian Rayon is also pursuing an application for grant of industrial licences to manufacture acrylic fibre and photo and X-ray films A letter of intent has been received for expanding capacity of the grey cement plant at Malkhed from 5.4 lakh tonnes to 10 8 lakh tonnes per annum.