Mumbai, May 20 :    Mumbai, May 20:  Reliance's success in acquiring the government's stake in IPCL has thrown up various questions vis-a-vis the future of the latter's petrochemical complex at Vadodara. The cracker capacity of IPCL's Vadodara unit is perceived to be way below international standards, and may require further investments from Reliance. Though many feel that it is 'still too early' to list RIL's specific plans for the unit, it is felt that the petrochemical giant will be faced with options ranging from leaving its present capacity untouched or expanding the same to further tighten its market leadership. 'The current capacity of the Vadodara cracker unit is over 1.3 lakh tonnes. This is, however, way below the global standards. Even the capacity of some of its polymer products is below that of RIL. Therefore, the plant's cracker capacity has to be increased,' an analyst from a leading credit rating agency said. It is also being speculated in some circles that in the long run, RIL may consider setting up a new cracker at the same site. 'IPCL's cracker unit was the first to be set up when the company was established. It is a vintage plant and therefore there is a possibility that a new cracker may be put in place few years down the line at this site,' another analyst from a European brokerage pointed out. He estimated RIL may invest at least Rs 2,000 crore in the complex over the next few years to turn it into a world-class facility. RIL had, late last week, acquired the government's 26 per cent stake in IPCL in a transaction valued at Rs 1,491 crore for Rs 231 per share. Following this, RIL's petrochemicals production would increase to a whopping 13 million tonnes. Even as the acquisition price is being seen on the higher side by many, industry experts justified it on the grounds of the phenomenal synergistic benefits that RIL could be bestowed with. Though few eyebrows have been raised, with some arguing that it leads to a monopolistic situation in a few product categories, analysts aver that this is unlikely to occur in an industry dictated by international trends combined with RIL's practice of pegging the domestic price below landed prices. Reliance had bagged IPCL in the face of stiff competition from Indian Oil Corporation (IOC) and Nirma. For IOC, the loss of IPCL is being seen as a disappointment in view of its ambitious diversification plans in the petrochemical arena. IOC officials when contacted, said that it would now focus on its existing refinery projects apart from its proposed petrochemical complex at Panipat. While IOC has also expressed its desire to enter Haldia Petrochemicals Ltd (HPL), it is now felt that the corporation may dilute some of the stringent conditions placed on the latter in view of the loss of IPCL.