Reliance Industries seeks EoU status for its refinery

NEW DELHI — Reliance Industries Ltd (RIL), India's largest private sector refiner, is seeking Export-Oriented Unit (EoU) status from the government for its existing 33 million tonne per annum refinery in Jamnagar.

By (PTI)

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Published: Thu 22 Mar 2007, 9:00 AM

Last updated: Sat 4 Apr 2015, 10:53 PM

The company's decision to apply for the EoU status was prompted by the fact that it does not get any relief on its retail operations while state-run firms such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) get government subsidies on selling fuel below cost, industry sources said. An EOU status means RIL, the country's most valued firm, would not have to pay duty on crude oil imports.

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