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RIL shuts down paraxylene train at Jamnagar for maintenance
Reliance Industries` paraxylene train at Jamnagar has commenced a planned maintenance shutdown effective from November 21, 2006.
This maintenance is for a change of catalyst. This plant is likely to restart in the second or third week of January 2007.Recently, Reliance Industries (RIL) has shown interest in taking over the Dabhol power plant to fulfill its long lasting ambition of having an LNG import facility on the west coast, sources said.
The government is presently trying to revive the 2,184 mw Dabhol power plant and the adjacent LNG terminal through NTPC and GAIL. But, if attempts to source fuel for the power plant on a long-term basis fail, it may consider either hiving-off the LNG terminal or selling it to a company capable of sourcing fuel or selling off the entire plant itself.
RIL had plans to construct a liquefied natural gas (LNG) import facility at Jamnagar in Gujarat. But after BP of UK walked out of the project and after finding huge gas reserves in Krishna Godavari basin off east coast, the plans were put on hold.
The Dabhol terminal would also offer an opportunity to balance the gas source on the east coast.Reliance feels its exploration blocks in Yemen and Oman can yield gas which would be converted into LNG and shipped to Dabhol. Similarly, its partner, Chevron can also bring LNG from its project in Australia.
L&T to invest Rs 20 bn for new shipyard
Larsen & Toubro has announced its plans to set up a large shipyard at an investment of about Rs 20 billion to capitalise on the expected demand for vessels with the growth in international trade, reports Financial Express.
The chairman and managing director, A. M. Naik said that the company is looking at 4-5 locations and would arrive at a decision by January-end, next year.
The engineering and construction company is looking for land in the coastal states of Tamil Nadu, Andhra Pradesh, Maharashtra and Gujarat, he said.The company feels that with increasing trade, there would be a huge opportunity in shipbuilding and the country needs at least 2-3 large shipyards for its own requirements.
Although the company already builds ships at Hazira in Gujarat, Naik feels the facility could only handle smaller vessels.
Larsen & Toubro has been involved in construction of several ports and is active in the dredging segment.The company expects its revenues to grow by 20% in the current fiscal year, while its order backlog, which stood at USD 6.5 billion at the end of September, was likely to grow 30-35% over the whole financial year.
Reliance Industries` paraxylene train at Jamnagar has commenced a planned maintenance shutdown effective from November 21, 2006.
This maintenance is for a change of catalyst. This plant is likely to restart in the second or third week of January 2007.Recently, Reliance Industries (RIL) has shown interest in taking over the Dabhol power plant to fulfill its long lasting ambition of having an LNG import facility on the west coast, sources said.
The government is presently trying to revive the 2,184 mw Dabhol power plant and the adjacent LNG terminal through NTPC and GAIL. But, if attempts to source fuel for the power plant on a long-term basis fail, it may consider either hiving-off the LNG terminal or selling it to a company capable of sourcing fuel or selling off the entire plant itself.
RIL had plans to construct a liquefied natural gas (LNG) import facility at Jamnagar in Gujarat. But after BP of UK walked out of the project and after finding huge gas reserves in Krishna Godavari basin off east coast, the plans were put on hold.
The Dabhol terminal would also offer an opportunity to balance the gas source on the east coast.Reliance feels its exploration blocks in Yemen and Oman can yield gas which would be converted into LNG and shipped to Dabhol. Similarly, its partner, Chevron can also bring LNG from its project in Australia.
L&T to invest Rs 20 bn for new shipyard
Larsen & Toubro has announced its plans to set up a large shipyard at an investment of about Rs 20 billion to capitalise on the expected demand for vessels with the growth in international trade, reports Financial Express.
The chairman and managing director, A. M. Naik said that the company is looking at 4-5 locations and would arrive at a decision by January-end, next year.
The engineering and construction company is looking for land in the coastal states of Tamil Nadu, Andhra Pradesh, Maharashtra and Gujarat, he said.The company feels that with increasing trade, there would be a huge opportunity in shipbuilding and the country needs at least 2-3 large shipyards for its own requirements.
Although the company already builds ships at Hazira in Gujarat, Naik feels the facility could only handle smaller vessels.
Larsen & Toubro has been involved in construction of several ports and is active in the dredging segment.The company expects its revenues to grow by 20% in the current fiscal year, while its order backlog, which stood at USD 6.5 billion at the end of September, was likely to grow 30-35% over the whole financial year.
posted by SY at 11:55 PM
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