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Petronas to invest USD4.1 bil in Tamil Nadu state - Indian Media

03 May 2023 10:06pm
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NEW DELHI - Petroliam Nasional Bhd (Petronas) plans to invest 340 billion rupees (about US$4.1 billion) in projects in the southern Indian state of Tamil Nadu, local media reported on Wednesday.

The Malaysian energy giant aims to set up a green hydrogen and ammonia plant and its project has received the state government's clearance, according to the reports.

It was one of the five investment proposals from Indian and foreign companies approved at the Cabinet meeting chaired by chief minister M.K. Stalin in Chennai on Tuesday, the reports said.

Petronas has a number of businesses in India in areas such as crude oil trading, liquefied petroleum gas (LPG), petrochemicals, lubricants, and liquefied natural gas (LNG).

One of its focus areas in India is the renewable energy sector. - BERNAMA
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