Rosneft-backed Nayar to set up polypropylene plant in Gujarat
Russia's Rosneft-backed Nayara Energy is setting up a 450 kilo tonnes per annum polypropylene plant at its refinery in Vadinar, Gujarat. The company has achieved financial closure for phase-one expansion plans for petrochemical business following the tie-up of INR 4,016 crore funds from banks, expected to be completed by 2023.