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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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Nalco trades lower after completion of stake-sale by Govt
Apr 21,2017

Meanwhile, the S&P BSE Sensex was up 16.47 points or 0.06% at 29,438.86.

On the BSE, 15.24 lakh shares were traded on the counter so far as against the average daily volumes of 4.17 lakh shares in the past one quarter. The stock had hit a high of Rs 67.80 and a low of Rs 67.05 so far during the day.

The stock had hit a 52-week high of Rs 79.85 on 7 March 2017 and a 52-week low of Rs 40.25 on 20 May 2016. It had underperformed the market over the past one month till 20 April 2017, sliding 8.41% compared with the Sensexs 0.33% fall. The scrip had also underperformed the market over the past one quarter, declining 3.75% as against the Sensexs 8.83% rise.

The large-cap company has equity capital of Rs 966.46 crore. Face value per share is Rs 5.

National Aluminium Companys (Nalco) promoter, the Government of Indias (GoI) offer for sale (OFS) for upto 9.66 crore equity shares of the company, representing 5% stake with an additional option to sell up to 5% stake in the company in two trading sessions concluded yesterday, 20 April 2017.

The OFS for non-retail investors completed on 19 April 2017 and for retail investors and non-retail investors who chose to carry forward their un-allotted bids, the OFS was completed yesterday, 20 April 2017. The two-day OFS had taken place through a separate, designated window on the stock exchanges.

The OFS received good response from non-retail investors category on 19 April 2017, with an oversubscription of 184.25%. The clearing price for non-retail category was set at Rs 67 per share.

The issue also received strong response from retail investors, with an oversubscription of 317.14%. For retail category, the clearing price was fixed at Rs 69.80 per share. Retail investors will be allocated offer shares at a discount of 5% to the cut off price.

Earlier, before the start of the OFS, the floor price for the issue was fixed at Rs 67 per share.

The GoI held 74.58% stake in Nalco as per the shareholding pattern as on 31 March 2017.

Nalcos net profit declined 2.7% to Rs 143.92 crore on 13.9% growth in net sales to Rs 1963.81 crore in Q3 December 2016 over Q3 December 2015.

State-run Nalco has integrated and diversified operations in mining, metal and power.

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Water level of 91 Major Reservoirs of the Country goes down by two per cent
Apr 21,2017

The water storage available in 91 major reservoirs of the country for the week ending on April 20, 2017 was 46.02 BCM which is 29% of total storage capacity of these reservoirs. This percentage was at 31 for the week ending on April 13, 2017. The level of April 20, 2017 was 133% of the storage of corresponding period of last year and 106% of storage of average of last ten years.

The total storage capacity of these 91 reservoirs is 157.799 BCM which is about 62% of the total storage capacity of 253.388 BCM which is estimated to have been created in the country. 37 Reservoirs out of these 91 have hydropower benefit with installed capacity of more than 60 MW.

REGION WISE STORAGE STATUS:-

NORTHERN REGION

The northern region includes States of Himachal Pradesh, Punjab and Rajasthan. There are six reservoirs under Central Water Commission (CWC) monitoring having total live storage capacity of 18.01 BCM. The total live storage available in these reservoirs is 4.50 BCM which is 25% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 22% and average storage of last ten years during corresponding period was 30% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year but is less than the average storage of last ten years during the corresponding period.

EASTERN REGION

The Eastern region includes States of Jharkhand, Odisha, West Bengal and Tripura. There are 15 reservoirs under CWC monitoring having total live storage capacity of 18.83 BCM. The total live storage available in these reservoirs is 8.68 BCM which is 46% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 32% and average storage of last ten years during corresponding period was 32% of live storage capacity of these reservoirs. Thus, storage during current year is better than the corresponding period of last year and is also better than the average storage of last ten years during the corresponding period.

WESTERN REGION

The Western region includes States of Gujarat and Maharashtra. There are 27 reservoirs under CWC monitoring having total live storage capacity of 27.07 BCM. The total live storage available in these reservoirs is 9.81 BCM which is 36% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 19% and average storage of last ten years during corresponding period was 35% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

CENTRAL REGION

The Central region includes States of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Chhattisgarh. There are 12 reservoirs under CWC monitoring having total live storage capacity of 42.30 BCM. The total live storage available in these reservoirs is 17.43 BCM which is 41% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 29% and average storage of last ten years during corresponding period was 26% of live storage capacity of these reservoirs. Thus, storage during current year is better than the storage of last year and is also better than the average storage of last ten years during the corresponding period.

SOUTHERN REGION

The Southern region includes States of Andhra Pradesh, Telangana, AP&TG (Two combined projects in both states) Karnataka, Kerala and Tamil Nadu. There are 31 reservoirs under CWC monitoring having total live storage capacity of 51.59 BCM. The total live storage available in these reservoirs is 5.61 BCM which is 11% of total live storage capacity of these reservoirs. The storage during corresponding period of last year was 14% and average storage of last ten years during corresponding period was 22% of live storage capacity of these reservoirs. Thus, storage during current year is less than the corresponding period of last year and is also less than the average storage of last ten years during the corresponding period.

States having better storage than last year for corresponding period are Punjab, Rajasthan, Jharkhand, Odisha, West Bengal, Gujarat, Maharashtra, Uttar Pradesh, Uttarakhand, Madhya Pradesh, Chhattisgarh, AP&TG (Two combined projects in both states) and Telangana. States having lesser storage than last year for corresponding period are Himachal Pradesh, Tripura, Andhra Pradesh, Karnataka, Kerala, and Tamil Nadu.

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Tivoli Construction announces demise of director
Apr 21,2017

Tivoli Construction announced the sad demise of Shanti Raheja, Director of the Company on 21 March 2017.

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Board of Anshus Clothing approves winding up of operations
Apr 21,2017

Anshus Clothing announced that the Board of Directors of the Company at its meeting held on 21 April 2017 has approved winding up of operations of the Company through voluntary winding up due to non-operational activities of the Company and due to heavy losses on account of non-performing assets.

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L&T gains after signing pact with South Korean firm
Apr 21,2017

The announcement was made during trading hours today, 21 April 2017.

Meanwhile, the S&P BSE Sensex was up 67.58 points, or 0.23% to 29,489.97.

On the BSE, 35,000 shares were traded in the counter so far, compared with average daily volumes of 1.50 lakh shares in the past one quarter. The stock had hit a high of Rs 1,698 and a low of Rs 1,679.95 so far during the day. The stock hit a 52-week high of Rs 1,719.45 on 7 April 2017. The stock hit a 52-week low of Rs 1,224 on 24 May 2016.

The stock had outperformed the market over the past one month till 20 April 2017, rising 9.88% compared with 0.87% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.84% as against Sensexs 8.83% rise.

The large-cap company has equity capital of Rs 186.65 crore. Face value per share is Rs 2.

L&T and Hanwha Techwin (HTW) of South Korea, signed a contract for execution of the 155mm/ 52 Cal Tracked Self Propelled (SP) Gun program for the Indian Army.

L&T was declared as the sole qualified bidder, post User Evaluation Trials, based on the performance of the K9 VAJRA-T, a world class self-propelled howitzer appropriately customised and fielded by L&T with HTW as the technology partner. The K9 VAJRA-T gun is an enhanced version of HTWs K9 Thunder, to suit specific requirements of the Indian Army including desert operations. HTWs K9 Thunder is one of the best performing self-propelled howitzers in the world with over 1,000 numbers already in service in Korea and few other countries. This program has set new benchmarks in co-development and co-production of Defence Systems by Indian Private Sector Defence Players and Foreign Majors.

The contract is a result of nearly a decade long close relationship and joint efforts of the two companies on this program, through extensive user evaluation and field trials followed by contract negotiations with the Indian Ministry of Defence, L&T said in a statement.

L&T shall not only manufacture K9 VAJRA-T in India, with over 50% indigenous content, but also provide through life support from India, the company said.

L&Ts consolidated net profit rose 38.9% to Rs 972.47 crore on 1.7% growth in net sales to Rs 26018.15 crore in Q3 December 2016 over Q3 December 2015.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. L&T is Indias largest private sector defence and aerospace company with experience of over three decades in the segment. Hanwha Group, Hanwha Techwins parent company, is the largest private sector defence conglomerate in South Korea.

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HDIL surges after launch of residential project
Apr 21,2017

The announcement was made after market hours yesterday, 20 April 2017.

Meanwhile, the S&P BSE Sensex was up 66.68 points or 0.23% at 29,489.07. The S&P BSE Mid-Cap index was up 69.10 points or 0.48% at 14,554.59.

On the BSE, 15.97 lakh shares were traded on the counter so far as against the average daily volumes of 17.42 lakh shares in the past one quarter. The stock had hit a high of Rs 94.80 and a low of Rs 90.50 so far during the day.

The stock had hit a 52-week high of Rs 108.75 on 12 July 2016 and a 52-week low of Rs 52.25 on 27 December 2016. It had outperformed the market over the past one month till 20 April 2017, advancing 17.86% compared with the Sensexs 0.33% fall. The scrip had also outperformed the market over the past one quarter, surging 48.59% as against the Sensexs 8.83% rise.

The mid-cap company has equity capital of Rs 434 crore. Face value per share is Rs 10.

Housing Development & Infrastructure (HDIL) announced that it has launched a new project The Nest at Mulund, Mumbai, under the affordable housing brand Budget Homes, having 263 units open for sale in phase 1 of the project.

HDILs consolidated net profit dropped 83.8% to Rs 16.23 crore on 65.5% decline in net sales to Rs 109.32 crore in Q3 December 2016 over Q3 December 2015.

HDIL is a real estate development company, with significant operations in the Mumbai Metropolitan Region.

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Board of Dwekam Industries approves sub-division of shares
Apr 21,2017

Dwekam Industries announced that the board has approved in its meeting held on 13 March 2017 following transactions:

1. Sub-Division of 1 (One) Equity Share of Rs.10/- each into 10 (Ten) Equity Shares of Rs. 1/- each.

2. Alteration of the capital clause in the memorandum of association of the Company.

3. Reclassification of Promoter(s) and Promoter Group.

The board has decided to call the Extra Ordinary General Meeting for the Passing of above mentioned Resolution by the Share Holders of the Company. The date of Extra Ordinary General Meeting will be 13 April 2017.

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Ind-Ra: Manufacturing Exporters to Exhibit Improvements in Credit Profiles in FY18
Apr 21,2017

The double-digit growth in merchandise exports in the last two months was driven by the recovery in global commodity prices rather than higher volumes, says India Ratings and Research (Ind-Ra). The agency expects the inflationary impact of higher commodity prices to result in better demand conditions for manufacturing exporters. The broad based increase in commodity prices will also benefit the nominal EBITDA generation and consequently the credit profiles of exporting corporates in commodity-linked sectors. Better demand conditions in western economies and the knock-on effect of higher commodity prices on emerging economies will result in higher export volumes over FY18 for sectors such as textiles, auto and auto components, chemicals and gems and jewellery.

Indian merchandise exports (in USD terms) rose for the seventh consecutive month in March (27.6% yoy), resulting in a cumulative growth of 4.7% in FY17 (FY16: -15.5%). The growth in March 2017 was led by both oil (69.1% yoy) as well as non-oil (23.2% yoy) exports and reflected the second consecutive month of double digit growth (February: 17.5% yoy). While, merchandise exports have grown substantially over the last couple of months, a closer look at manufacturing data suggests that volume growth across exporting corporates may not have been broad-based. In February 2017, the manufacturing component of Index of Industrial Production (IIP) contracted by 2% (April 2016- February 2017: negative 0.3%). Similarly, cargo shipment volumes at major ports in the month of February 2017 grew by a mere 0.3% yoy (April 2016- February 2017: 6.5%). The growth in Indian merchandise exports also coincides with export growth demonstrated by other Asian peers, which have also benefitted from rising commodity prices. At the end of March 2017, the World Banks non-energy price index, energy price index and base metal price index were up 9.3% yoy, 38% yoy and 22.4% yoy respectively.

As per the Ministry of Commerce data, merchandise exports (in USD) to the United States and the EU in March 2017 increased 8.99% yoy and 9.27% yoy respectively, reflecting the improving consumption scenario in both regions. Indian passenger vehicle and MHCV exports which are largely shipped to the US and EU registered a volume growth of 16.2% and 24.2% respectively (Source: SIAM) in FY17, reflecting the supportive demand conditions. Furthermore, retail sales in western economies continue to grow at a healthy pace which bodes well for corporates exporting textile products. However, Ind-Ra believes that textile exporters credit profile will not benefit significantly due to their limited ability to control prices, owing to stiff competition from other Asian exporters. Gems and jewellery companies will benefit from the sustained improvement in demand conditions which is expected to lead to higher discretionary spending.

Globally, demand from developed economies remained healthy over FY17, however merchandise exports to Asian countries (about 50% share in exports) continued to be modest over FY17. Deliveries to Africa and Latin America remained muted, as was reflected in de-growth in the value of shipments. Reflecting the subdued demand conditions, two wheeler exports de-grew by 5.8% in FY17 (Source: SIAM). Nonetheless, Ind-Ra believes that continued growth in developed markets, coupled with the recovery in commodity prices will translate to moderate improvement in export volumes to Asia and Africa as well over FY18.

While, the agency expects the gradual recovery in demand conditions to continue, Indian exporters will continue to face down-side risks from protectionist policies in the US, a further slowdown in Chinese growth and will remain exposed to the effects of changes in commodity prices. Protectionist policies are expected to have a varied impact on exporting corporates with the service sector expected to be impacted to a greater degree. Software service export growth remained muted recently (3QFY17: -1.2%, 2QFY17: -0.1%, 1QFY17: 0.3%), as incremental IT spending by global corporates have remained muted. Lower revenue growth of Indian IT exporters will get exacerbated by declining margins due to adverse immigration policies which will lead to higher employee costs.

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Sun Pharma slips on buzz Dadra unit gets 11 observations from USFDA
Apr 21,2017

Meanwhile, the S&P BSE Sensex was up 68.83 vpoints, or 0.23% to 29,491.22.

On the BSE, 5.41 lakh shares were traded in the counter so far, compared with average daily volumes of 3.65 lakh shares in the past one quarter. The stock had hit a high of Rs 659.90 and a low of Rs 638.75 so far during the day. The stock hit a 52-week high of Rs 854.50 on 4 August 2016. The stock hit a 52-week low of Rs 572.40 on 9 November 2016.

The stock had underperformed the market over the past one month till 20 April 2017, falling 6.51% compared with 0.87% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 2.33% as against Sensexs 8.83% rise.

The large-cap company has equity capital of Rs 239.93 crore. Face value per share is Re 1.

According to a media report, while inspecting the plant, the US Food & Drug Administration (USFDA) found incomplete lab records at Sun Pharmaceutical Industries Dadra plant. These observations include failure to produce appropriate master or control record for each batch of drugs and failure to properly investigate batches that does not meet specifications. Inspection of the plant by USFDA was concluded in the first week of this month, report added.

Report suggested that the Dadra site is the biggest unit for the company after Halol plant, for supplying drug in the United States.

On a consolidated basis, Sun Pharmaceuticals Industries net profit declined 11.23% to Rs 1721.85 crore on 8.41% rise in net sales to Rs 7683.24 crore in Q3 December 2016 over Q3 December 2015.

Sun Pharma is the worlds fourth largest specialty generic pharmaceutical company and Indias top pharmaceutical company.

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Sun Pharma slips on buzz unit gets USFDA observations
Apr 21,2017

Meanwhile, the S&P BSE Sensex was up 68.83 vpoints, or 0.23% to 29,491.22.

On the BSE, 5.41 lakh shares were traded in the counter so far, compared with average daily volumes of 3.65 lakh shares in the past one quarter. The stock had hit a high of Rs 659.90 and a low of Rs 638.75 so far during the day. The stock hit a 52-week high of Rs 854.50 on 4 August 2016. The stock hit a 52-week low of Rs 572.40 on 9 November 2016.

The stock had underperformed the market over the past one month till 20 April 2017, falling 6.51% compared with 0.87% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 2.33% as against Sensexs 8.83% rise.

The large-cap company has equity capital of Rs 239.93 crore. Face value per share is Re 1.

According to a media report, while inspecting the plant, the US Food & Drug Administration (USFDA) found incomplete lab records at Sun Pharmaceutical Industries Dadra plant. These observations include failure to produce appropriate master or control record for each batch of drugs and failure to properly investigate batches that does not meet specifications. Inspection of the plant by USFDA was concluded in the first week of this month, report added.

Report suggested that the Dadra site is the biggest unit for the company after Halol plant, for supplying drug in the United States.

On a consolidated basis, Sun Pharmaceuticals Industries net profit declined 11.23% to Rs 1721.85 crore on 8.41% rise in net sales to Rs 7683.24 crore in Q3 December 2016 over Q3 December 2015.

Sun Pharma is the worlds fourth largest specialty generic pharmaceutical company and Indias top pharmaceutical company.

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Jain Irrigation Systems secures Poorigali Integrated Micro Irrigation Project
Apr 21,2017

Jain Irrigation Systems has been awarded the Poorigali Integrated Micro Irrigation Project worth Rs 569 crore by Cauvery Neeravari Nigam, Govt. of Karnataka through National Competitive Bidding.

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Brigade Enterprises moves north on fund raising proposal
Apr 21,2017

The announcement was made after market hours yesterday, 20 April 2017.

Meanwhile, the S&P BSE Sensex was up 66.34 points or 0.23% at 29,488.73.

On the BSE, 2,415 shares were traded on the counter so far as against the average daily volumes of 40,034 shares in the past one quarter. The stock had hit a high of Rs 245 and a low of Rs 241.45 so far during the day.

The stock had hit a 52-week high of Rs 252.00 on 17 April 2017 and a 52-week low of Rs 145.00 on 26 December 2016. It had outperformed the market over the past one month till 20 April 2017, advancing 4.34% compared with the Sensexs 0.33% fall. The scrip had also outperformed the market over the past one quarter, gaining 55.57% as against the Sensexs 8.83% rise.

The small-cap company has equity capital of Rs 113.66 crore. Face value per share is Rs 10.

Brigade Enterprises board will discuss the current state of the real estate industry and explore fund raising options by way of a Global Depository Receipts, American Depository Receipts or public issue or private placement or rights issue or preferential allotment or qualified institutional placement or any other permitted mode, through domestic and/or international offerings as may be permitted under applicable law, subject to such approvals as may be required, and to approve ancillary actions for the aforesaid fund raising.

Brigade Enterprises consolidated net profit declined 12.4% to Rs 30.41 crore on 14.5% fall in net sales to Rs 537.61 crore in Q3 December 2016 over Q3 December 2015.

Brigade Enterprises is Brigade groups flagship company. Brigade group was established in 1986, with property development as its main focus.

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C-DOT develops CCSP (C-DOT Common Service Platform) to make smart cities more efficient, economical and future proof
Apr 21,2017

Government of Indias announcement of Smart Cities project in mission mode has generated a lot of interest. The concept of smart cities is incomplete without intervention of communication and Information Technology.

A network of wireless sensors, a reliable public communication infrastructure and innovative applications working on big data and analytics will help us realise smart cities. Innovative local solutions will have to be found for local problems. Though this offers great opportunities to industry, including, MSMEs and start-ups. But adoption of standards will ensure that solution developers do not reinvent the wheel but devote their energies to the actual building of product and on innovations. Further, the interoperability will be another dividend of a standards based approach.

Telecommunications Standards Development Society, India (TSDSI), the Indian telecom Standards Development Organisation (SDO) and European Telecommunications Standards Institute (ETSI), an established and highly respected, 29 years old telecom SDO have joined hands to unroll a collaboration project on ICT Standardisation in an endeavour of creating awareness about telecom standards and promoting their wider adoption that Recognising C-DOTs R&D strengths, an India - European Union project called India-EU Cooperation on ICT-Related Standardisation, Policy and Legislation is organising a workshop on n++Future proof smart cities with a common service layer: a standards driven approachn++ at C-DOT campus. Some of the global smart cities will be sharing the standards driven approach they have adopted for building smart cities in their countries.

The workshop aims to provide a platform where foreign and Indian experts from IoT and M2M forums, academia, R&D, industry and senior officials from Ministries of Communications, Urban Development and Electronics and Information Technology and cities named in Indian Smart Cities project can interact to share knowledge and experiences. It is also planned to enrich the interaction by inviting City Councillors from Europe and Korea who have actually implemented smart city projects in their respective cities.

C-DOTs offering:

C-DOT has developed CCSP(C-DOT Common Service Platform), the oneM2M standards compliant common service platform which can be deployed on any off-the-shelf generic server platforms or cloud infrastructure. The business application providers can deploy their oneM2M compliant applications in either co-located infrastructure or on any public or private cloud.

Using the CCSP platform from C-DOT, the smart cities can reap all the benefits of using a standards compliant horizontal service layer and thus be more efficient, economical and future proof.

Along with the CCSP C-DOT has also developed various oneM2M indigenously designed hardware nodes like AND (Application Dedicated Node), ASN (Application Service Node) and MN(Middle node).

To effectively showcase the strength of the platform, C-DOT has also developed various applications like Smart Living, Smart Street Light, Carbon Footprint Monitoring Application and Power Monitoring which are fully oneM2M compliant.

C-DOT has also participated in two international interoperability events where the CCSP and the ADN were tested for interoperability with many other oneM2M compliant nodes from various international organisations like Interdigital, Herit, Huawei, HPE, NTT, KETI, LAAS-CNRS etc. C-DOT also participated in the conformance testing with ETSI.

Brief on P.D.O. (Public Data Office)

C-DOT PDO is ready to bring yet another revolution by taking internet connectivity to every nook and corner of the country like it did in the 1980s when PCOs changed the Indian telecom scene in by taking telephones to rural India. C-DOT hopes that PDOs would bring next telecom revolution by taking internet connectivity to the masses. Like PCOs, the PDOs would enable small shop owners increase their income by selling data vouchers. This will also encourage village-level entrepreneurship and provide strong employment opportunities, especially in rural and semi urban areas.

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Board of Tirupati Fincorp approves change in directorate
Apr 21,2017

Tirupati Fincorp announced that the Board of Directors of the Company at its meeting held on 20 April 2017 has approved the appointment of Parth Kanabar as an Executive Director of the Company and accepted the resignation of Hitsharan Jain as a Director of the Company.

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Reliance Industries provide update on various projects undertaken at Jamnagar
Apr 21,2017

Reliance is executing major projects in its energy and materials chain atJamnagar covering Para-Xylene, Cracker complex along with downstream plants and Gasification. Jamnagar is one the largest contemporary project sites globally with some of the largest and most complex process units ever built anywhere in this industry. These projects will add significant value to Reliances Refining & Petrochemical business and enable Jamnagar complex to achieve energy self-sufficiency.

Para-Xylene, Cracker and downstream projects (MEG, Linear Low density and Low density Polyethylene) as well as Gasification which is linked to RILs DTA refinery, have now been installed, mechanically complete and are in various stages of pre-commissioning and commissioning.

Reliance is pleased to announce the successful and flawless commissioning of the second and final phase of Para-xylene (PX) comprising of PX Crystallizers trains, Trans-alkylation and AromaticExtraction units at Jamnagar.

Earlier in December 2016, RIL had announced successful commissioning of the first phase comprising Train 1 of PX plant. Train 2 as part of second phase has been commissioned earlier this month and the last Train 3, is at an advanced stage of commissioning and will begin production laterthis quarter.

This plant is built with state-of-the-art crystallization technology from BP which is highly energy efficient. With the commissioning of this plant, RILs PX capacity will be more than double. Reliance will emerge as the worlds second largest producer of PX with about 11% of global production.

The Cracker project has a unique configuration as this world scale plant is tightly integrated with RILs refineries and will use refinery off-gases as feedstock. The project comprises 1.5 MMTPA ethylene cracker along with downstream facilities for producing LDPE, LLDPE and MEG. Thiscracker will have one of the lowest cost positions globally. Additionally, flexibility to crack Propane will help optimize feed mix further in a volatile market environment. Reliance has completed installation of cracker and downstream projects at Jamnagar in the previous quarter and precommissioning and start-up activities are in full swing.

Gasification is one of the largest clean-fuel initiatives in the world. Gasification will make Jamnagar complex highly energy efficient with the lowest energy cost for any integrated Refinery and Petrochemicals facility globally.

The installation and mechanical completion for the Gasification project linked to DTA refinery has been completed in the previous quarter and the pre-commissioning and start-up activities are on in full swing. The installation and mechanical completion for the Gasification linked to RILs SEZ refinery has also been substantially achieved and pre-commissioning activities are expected to start in the next quarter.

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