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According to reports, several global oil companies such as Saudi-based Aramco have shown interest in the refinery.
While the Centre will strategically disinvest Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and Container Corporation of India (CONCOR), it will sell its entire stake in THDC India Ltd and North Eastern Electric Power Corporation (NEEPCO) to another state-run power major, NTPC.
Salvation comes in the form of Kerala Micro Small and Medium Enterprises Facilitation Bill, 2019. The bill dramatically simplifies the procedure for starting an industry.
In a letter to Modi Chief Minister Pinarayi Vijayan said the Centre's move has caused 'severe anxiety' among the public in the state.
The company will use its refinery operations to convert the single use plastic waste into a specialised bitumen that can be used for construction of roads and highways.
This was one the biggest-single day leap in recent times, which came after drone attacks at the world's largest oil processing facility at Aramco in Saudi Arabia.
Modi, in the presence of Russian President Vladimir Putin, also unveiled the 'Act Far East' policy to boost India's engagement with Russia's Far East region.
The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.3 per cent in July last year.
Security has been beefed up at Kandla and Mundra ports and other key installations in Gujarat's Kutch district.
The Metro track will reach the terminal from S N Junction via Refinery Road, Milma dairy, across the overbridge and along the right side of the railway track.