Cracker of an expansion: Nayara's $8 bn petrochemical plan

Nayara Energy, backed by Rosneft, plans to invest ₹68,000 crore to set up a 1.5 mtpa ethane cracker at its refinery in Vadinar, Gujarat. This major overseas investment aims to enhance India's petrochemical sector, which is projected to grow significantly. The company has initiated front-end engineering work for the project.