Reliance Petroleum Limited ("RPL") has achieved 97% overall progress with rapid advancement on all implementation fronts of its complex petroleum refinery, coming up in a Special Economic Zone at Jamnagar in Gujarat, India.
Construction is nearing completion and the focus has now shifted from mechanical completion to start-up. Several primary, secondary process systems and treatment units have been completed and pre-commissioning & commissioning trials of static and rotary equipments, electrical distribution and instrumentation systems are underway.
Logistics infrastructure to handle crude and products, such as tankfarm, blending systems and other storage systems, are already commissioned. Various automation systems, distributed control systems, safety & loss prevention systems are also up and running. Support facilities like Plant interface buildings, laboratory, fire and safety infrastructure, administration facilities, IT network, and township are also ready. Utilities such as water, air, nitrogen, electrical power etc, are all ready to support smooth and safe commissioning of the various process units.
During the quarter, RPL surpassed several significant milestones as follows:
* Over 5,645 equipments installed and interconnecting piping completed.
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* Pre-commissioning progress close to halfway mark.
* Operations preparedness activities including training, O&M contracting, manuals and procedures writing and catalyst procurement completed
* Critical power, utilities, storage and logistics facilities ready and commissioned along with support infrastructure
While Global refining fundamentals continue to remain robust, RPL derives its competitive advantage from its large scale, higher complexity, capability to process a wide range of crude oils and flexibility to produce high quality transportation fuels catering to various international markets.
Commenting on the project progress Shri Mukesh D. Ambani, Chairman of RPL said "RPL is poised to set a new benchmark in project execution in the refining industry, through the commissioning of its large, complex and flexible refinery. RPL is uniquely positioned to successfully capture the exciting opportunities in the refining sector and create significant value for its shareholders".
Please visit www.reliancepetroleum.com for a photo preview of project progress at the site.
Reliance Petroleum Limited
Reliance Petroleum Limited (RPL) is a subsidiary of Reliance Industries Limited. RPL is setting up a greenfield petroleum refinery and polypropylene plant in a Special Economic Zone at Jamnagar in Gujarat. With an annual crude processing capacity of 580,000 barrels per stream day (BPSD), RPL will be the sixth largest refinery in the world.
Reliance Industries Limited
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with a turnover of Rs.139,269 crore (US$ 34.71 billion), cash profit of Rs. 25,205 crore (US$ 6.3 billion), net profit (excl. exceptional income) of Rs. 15,261 crore (US$ 3.8 billion) and net worth of Rs. 81,449 crore (US$ 20.3 billion) as of March 31, 2008.
RIL is the first private sector company from India to feature in the Fortune Global 500 list of 'World's Largest Corporations' and ranks amongst the world's Top 150 companies in terms of profits. RIL is amongst the 25 fastest climbers ranked by Fortune. RIL features in the Forbes Global list of the world's 400 best big companies and in the FT Global 500 list of the world's largest companies. RIL ranks amongst the 'Worlds 25 Most Innovative Companies' as per a list compiled by the US financial publication-Business Week in collaboration with the Boston Consulting Group.
