Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Reliance commissions world's largest and most complex Ethane Project in record time

Posted On: 2017-04-19 19:41:25

Reliance has announced the successful and flawless completion of its Ethane project including commissioning of its ethane receipt & handling facilities and ethane cracking at its Dahej Manufacturing facility in Gujarat in a record time of less than 3 years.

Reliance was the first company globally to conceptualize large scale imports of ethane from North America as feedstock for its cracker portfolio in India. The project involved seamless integration of several elements across a complex infrastructure value chain. This includes securing ethane refrigeration capacity in the US Gulf coast, delivery of dedicated Very Large Ethane Carriers (VLECs) to carry ethane from the US Gulf Coast to the West Coast of India, construction of ethane receipt and handling facilities, pipelines and upgrade of crackers (to receive ethane) at Dahej, Hazira and Nagothane Manufacturing facilities.

This successful start-up underlines our ability to build world-scale capacities and infrastructure using complex technologies such as marine transportation of cryogenic ethane, handling of ethane at (-)90 deg.C, supply of ethane to the crackers in an energy efficient way and pump ethane from Dahej to other locations. The execution of this project at this scale and magnitude is a first in the world.

The Shale Gas industry in North America has grown exponentially in the past 5 years. Consequently ethane has become one of the most competitively priced feedstock for US crackers.

The supply of Ethane to our crackers at Dahej, Hazira and Nagothane will provide feedstock security and flexibility enabling us to select the most optimal feed mix based on market conditions. This will improve the cost competitiveness of our existing crackers and enable us to optimize the portfolio in a volatile market environment.

Shares of RELIANCE INDUSTRIES LTD. was last trading in BSE at Rs.1369.85 as compared to the previous close of Rs. 1370.45. The total number of shares traded during the day was 208790 in over 6130 trades.

The stock hit an intraday high of Rs. 1382.7 and intraday low of 1358.25. The net turnover during the day was Rs. 286039793.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

AU Small Finance Bank Ltd's FY18 total income up 52%
Biocon Q4FY18 Revenue Rs 1,237 Crores, Up 27%
Accelya Kale Solutions Ltd Consolidated Income for Q3 at Rs. 932.6 Million
Fire accident at Fairchem Speciality Ltd's subsidiary plant at MIDC Mahad
Tata Metaliks Ltd recommends dividend of Rs. 3 for 2017-18
Essel Propack Ltd Board recommends 1:1 bonus issue
India Glycols Ltd acquires Shakumbari Sugar and Allied Industries Ltd
Rallis India Ltd Board recommends dividend of Rs. 2.50
Grasim Industries Ltd Board to consider FY18 results & Dividend on May 23, 2018
Shriram City Union Finance Ltd Fixes Book Closure for 2017-18 Final Dividend & AGM
Essel Propack Ltd recommends dividend of Rs. 2.40 for 2017-18
The Economic Times Realty Convention 2018 recognizes Arihant Superstructures Ltd
DIC India Ltd to consider Q1 results on May 5, 2018
Abbott India Ltd appoints additional director
Reliance Capital Ltd Board recommends Dividend of Rs. 11
AXIS Bank Ltd skips dividend for 2017-18
Navkar Builders Ltd calls for Board Meeting on Apr 30, 2018
Indian Energy Exchange Ltd recommends final dividend of Rs. 22
Hinduja Ventures Ltd Board to consider dividend, Q4, FY18 results on May 7, 2018
Biocon Ltd Board recommends Final Dividend of Rs. 1
Bank Muscat - Newgen Software wins award
MOIL inks MoU with Ministry of Steel for FY 2018-19
Shriram City Union Finance Ltd Board recommends Final Dividend of Rs. 12
ICICI Bank Ltd Board to consider FY18 results, dividend on May 7, 2018
Mangalore Chemicals & Fertilizers shuts plants for maintenance
SORIL Infra Resources Ltd Board to announce Q4, FY18 results on May 2, 2018
Jindal Stainless Hisar Ltd records 34% growth in FY18 revenue
AU Small Finance Bank Ltd Board recommends dividend of Rs. 0.50 for 2017-18
Cyient Acquires Semiconductor Firm Ansem N.V
Oriental Hotels Ltd Board to approve Q4, FY18 results on May 9, 2018
Dwarikesh Sugar Industries Ltd Board to consider FY18 results, dividend on May 7, 2018
Aditya Birla Fashion and Retail Ltd Board to consider FY18 results on May 11, 2018
Thermax Ltd wins Rs. 279 crore order for a captive cogeneration power plant
Godrej Properties Ltd Board to announce Q4, FY18 results on May 4, 2018
Indian Energy Exchange Ltd announces FY18 results
Tata Metaliks Ltd Q4 PAT jumps to Rs. 54.65 crores
Aditya Birla Money Ltd FY18 net profit higher at Rs. 10.06 crores
AU Small Finance Bank Ltd reports Q4 net profit of Rs. 83.04 crores
Shriram City Union Finance Ltd FY18 net profit soars to Rs. 693.70 crores
Accelya Kale Solutions Ltd Q4 PAT slips to Rs. 22 crores
Biocon Ltd Q4 net profit up at Rs. 130.4 crores
Essel Propack Ltd FY18 net profit drops to Rs. 174.21 crores
Reliance Capital Ltd FY18 PAT rises to Rs. 1309 crores
AXIS Bank Ltd slips to Q4 loss of Rs. 2188.74 crores
Loyal Equipments Ltd receives order of Rs. 91.50 lakhs
Yes Bank Ltd Fixes Book Closure for Dividend & 14th AGM
ITD Cementation India Ltd calls for Board Meeting on May 10, 2018
Palash Securities Ltd calls for Board Meeting on 8th May, 2018
Pfizer Ltd Board to consider FY18 results & Dividend on May 07, 2018
Kirloskar Pneumatic Company Ltd Board recommends Dividend of Rs. 12


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018