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NEW DELHI, Jan 1 Asia Pulse - Four Indian states, including Andhra Pradesh and Gujarat, have applied to set up special petroleum and chemical investment hubs in their states, most of them listing Oil and Natural Gas Corp (BSE:500312) as the key investor.
ONGC's proposed Rs 260 billion (US$6.6 billion) Kakinada refinery and an adjacent Rs 50 billion polyprophylene unit will be anchor investments for the Petroleum, Chemical and Petrochemical Investment Region (PCPIR) proposed by Andhra Pradesh between Visakhapatnam and Kakinada, official sources said.
According to the PCPIR application submitted by the Andhra Pradesh Government, gas from ONGC's fields in offshore Krishna Godavari basin were also to land in the proposed region.
Karnataka's application to the Centre for a PCPIR in ...