Jindal Steel May Build First Oil Refinery in Georgia
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Jindal Steel & Power Ltd., India’s second-biggest maker of the alloy by market value, plans to build its first oil refinery to expand its energy business in the domestic and overseas markets.
Unit Jindal Petroleum Ltd. may set up the refinery with a capacity of 1 million metric tons near fields it’s exploring in Georgia to “test waters,” Sushil K. Maroo, group chief financial officer, said in an interview in New Delhi yesterday.