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Reliance Industries will complete investment of Rs 1.25 lakh crore in refinery and petrochemical expansion projects in Gujarat by March, exceeding commitments made by Rs 10,000 crore. Reliance is investing $16 billion in expanding petrochemical production. Of this, $4.6 billion is for a project to convert petcoke produced by its refineries to synthetic gas; $4.5 billion for a refinery off-gas cracker to extract ethane, ethylene, propylene, butanes and propanes; $5 billion to expand polyester production; and $1.5 billion to import ethane from the US to replace costly propane imports and naphtha.
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