Reliance Industries Jamnagar News – Production of Butlyl Rubber

Energy major Reliance Industries Limited (RIL) today said it had signed a memorandum of understanding (MoU) with Russian petrochemical company Sibur to set up a joint venture (JV) to produce butyl rubber at Jamnagar City Gujarat India.

A press release from RIL said Sibur would provide proprietary technology for butyl rubber polymerization and its finishing, while Reliance, which has an integrated petrochemical site at Jamnagar, will supply monomers and provide the JV with world class infrastructure and utilities.

“Reliance is committed to serving the Indian rubber industry. This industry is growing rapidly on the back of automobile demand in India and the sub-continent.This step reinforces RIL’s commitment to the synthetic rubber industry in India," a spokesperson for RIL said. "

It is also a significant milestone in taking forward the vision of our Reliance Industries Chairman Mr. Mukesh Ambani, for the elastomeric industry," he said.

“The creation of new capacity in close proximity to the Asian markets provides both Sibur and Reliance with exciting opportunities. Rubber consumption in Asia has shown strong growth in recent years, triggered by increased volumes of tyre production,” Sibur President Dmitry Konov said.

Sibur operates across the entire petrochemical value chain from gas processing to the production of monomers and plastics, synthetic rubbers, mineral fertilizers, types and industrial rubber goods, as well as the processing of plastics. It produces over 2000 different types of products. Gazprombank Group is the principal shareholder of Sibur Holding JSC and owns more than 95 % of the company.

Reliance Industries Jamnagar Refinery News Gujarat India

India's top refiner Reliance Industries plans to shut down a 100,000 barrels per day (bpd) vacuum gas oil (VGO) hydrotreater at its old refinery for about a month later this week, an industry source said on Monday.

"VGO hydrotreater will be shut for 20-30 days to change the catalyst. The shutdown will begin from Wednesday or Thursday," the source told reporters.

Billionaire Mukesh Ambani-promoted Reliance Industries operates the world's biggest refining complex, at Jamnagar City in Western Gujarat State, which has a total processing capacity of 1.24 million bpd of crude.

Reliance's old 660,000 bpd refinery at Jamnagar has two VGO units each with 100,000 bpd capacity. The source said there would be no impact on throughput due to the shutdown.

A VGO hydrotreater removes sulphur from heavy feedstock to produce naphtha, jet fuel and liquefied petroleum gas.

Reliance Industries Jamnagar City News Gujarat India

The Mukesh Ambani led Reliance Industries has made an investment of Rs 32,017 crore in the Special Economic Zone (SEZ Gujarat) at Jamnagar City for which the state government had allotted over 1,333 hectares at Rs 311.74 crore, the government said today.

The government gave the details in reply to a question by Congress MLA Faroq Sheikh regarding the land given to RIL, the Tatas and the Adani Group for setting up projects in the state.

Details were provided about the land allotted to these groups, the rates charged by the government and the investment made. In Jamnagar, the government has given over 12 hectares at Rs 13.47 lakh for a refinery, 1,333 hectares at Rs 311.74 crore for an SEZ, and 57 hectares at Rs 25 crore for setting up a marine tank farm.

The Tata Group has been given over 1,031 hectares in Gandhinagar City at Rs 11.35 crore for an IT project where an investment of Rs 11,434 crore would be made, generating over 8,000 jobs once the project becomes operational.

For the Nano Car project, the state has given 445.17 hectares at Sanand district where the Tata Group is investing Rs 2,322 crore. The project will create about 4,000 jobs.

In Kutch, the government has given 1,964 hectares to the Adani Group for setting up an Mundra SEZ Gujarat for Rs 29.67 crore.

Reliance Industries Jamnagar City News Gujarat India

Reliance to start engineering colleges in Jamnagar City,Vadodara City,Dwarka.

Mukesh Dhirubhai Ambani - led Reliance Industries Limited (RIL) will start world-class engineering colleges in Gujarat’s Jamnagar and Vadodara.

RIL has major presence at both the places. RIL will also start a polytechnic college of diploma engineering in Dwarka in Gujarat.

Parimal Nathwani, group President of RIL in Gujarat announced this at an inaugural function of Khodiar colony branch of Navanagar cooperative bank in Jamnagar early this week.

It should be mentioned here that RIL chief Mukesh Ambani had publicly announced his plan to establish a world class university in Gujarat during the Vibrant Gujarat Global Investors Summit at Ahmedabad in year 2007.

But till date, nothing has been materialized on ground in this direction in the state.

Reliance Refinery Industries Ltd (RIL) Jamnagar News Gujarat India

RIL appoints two talented professionals as Executive Directors.

Reliance Industries Ltd (RIL), major player in the Indian petrochemicals sector, on Friday announced that it has appointed two new Executive Directors.

The Company appointed its senior executive Mr. PMS Prasad, who directs its upstream and refining business, and Mr. R Ravimohan, former Chairman and MD of Crisil, the premier credit ratings organization, as executive directors on its board with immediate effect.

These appointments bring the RIL board's strength to 14 members with 7 members being independent directors.

Mr. Prasad, a leading energy industry professional, has been working with RIL for more than 28 years. The project of Jamnagar refinery and petrochemical complex was headed by him.

Mr. R Ravimohan has been intimately involved with the development of Indian financial system and has pioneered the era of electronic stock markets in India.

Mr. Mukesh Ambani, RIL Chairman and MD, stated that Mr. Ravimohan is one of the best financial and risk management minds of the world, whereas Mr. Prasad has played an integral role for the growth of RIL and for its achievements. He looks ahead to the contributions of these 2 talented professionals to bring the company forward on a sped up growing track.

Shares of Reliance Industries (RIL), on Friday, closed at Rs 1,928.65, up 1.61% or Rs 30.65. The total quantity of shares traded was 772,522 on the BSE.

Jamnagar City News- Reliance Industries Pvt Ltd refinery

Infosys first private company to get CISF security.

Infosys Bangalore office will be the first private sector unit to get CISF Security cover. The campus security cover will start from tomorrow with deployment of 101 specially-trained CISF personnel.

Earlier on July 23, 2009, Center had cleared a proposal of deploying CISF personnel each for Reliance refinery in Jamnagar and for Infosys premises in Bangalore.

Reliance Industries is, however, having second thoughts on having the security from the Government.

The Centre has expanded the role of CISF from guarding government establishment to providing security to private installations.