(FE)
Reliance Industries is likely to see a big cash-flow boost as projects of over $40 billion start to deliver in full swing this fiscal while capex falls, international brokerage house CLSA said today. In a report, CLSA said that the stabilisation of just-commissioned refinery off-gas cracker (ROGC) and petcoke gasification projects would boost EBITDA, PTI reported.
ROGC is the latest addition to the RIL’s portfolio as the world’s first ever and the largest. The ROGC complex is a core component of RIL’s most innovative and world-scale J3 project at its integrated Refinery-Petrochemicals complex at Jamnagar.
With the commissioning of ROGC complex, the largest ever expansion of RIL’s petrochemicals portfolio comes to a flawless completion. Jamnagar already has a capacity to process 60 million tonne of crude oil a year, making it the biggest refining complex in the world. The shares of RIL closed at Rs 911.50 at NSE up by 0.19 percent on Tuesday.
