Reliance to shut Jamnagar units

Reliance Industries, a leading refiner and petrochemicals maker, on Tuesday said it would shut some major units of its Jamnagar petroleum and petrochemicals complex during the third quarter of the current fiscal.

The period of the shutdown, required to complete maintenance work, is expected to be about eight weeks, said a Reliance Industries statement issued to the Bombay Stock Exchange.

Reliance Industries said it would use the shutdown period to carry out its "value maximisation programme" that is likely to result in higher yields and productivity and increase the production of high-value products.