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NEW DELHI – Petronas plans to invest 340 billion rupees (RM18.5 billion) in projects in the southern Indian state of Tamil Nadu, media in India reported today.
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 a cabinet meeting chaired by chief minister M.K. Stalin in Chennai yesterday, the reports said.
Petronas has a number of businesses in India in areas such as crude oil trading, liquefied petroleum gas, petrochemicals, lubricants, and liquefied natural gas.
One of its focus areas in India is the renewable energy sector. – Bernama, May 3, 2023