Deals1 Nov 2023, 11:29 pm
GAIL and BPCL sign 15-year agreement for Propane supply worth Rs. 63000 crore
AI Summary
GAIL (India) Limited has signed an agreement with Bharat Petroleum Corporation Limited for the supply of 600 KTPA of Propane for its upcoming petrochemical plant in Usar, Maharashtra, for a period of 15 years, estimated to be worth Rs. 63,000 crore.,
Key Highlights
- 15-year supply contract with BPCL
- Estimated value of Rs. 63,000 crore
- GAIL's first propane dehydrogenation (PDH) plant in India
- Polypropylene demand expected to reach 6.3 million tons by 2025