Tag Archives | Reliance Industries

Keeping up with the times

Chemical companies are constantly adapting to external challenges and this is clearly evident in a comparison of the ICIS listing of top chemical companies in 2008 and 1998. Three companies that figured in the top 10 list for 1998 have disappeared – ICI, Hoechst and Rhone Poulenc – as a result of mergers and acquisitions […]

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Family feuds

It seems to be the season for family disputes and India is not the only country seeing this. Reliance Industries has company in South Korea’s Kumho Petrochemicals where two brothers are struggling to take control of the Kumho Asiana Group. Park Chan-koo, the younger brother was yesterday dismissed as chairman of the group’s petrochemical division […]

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Reliance struggles with troubled Trevira

Trevira was Reliance’s first global acquisition and was expected to be the start of a wider programme to extend Reliance’s global reach through mergers and acquisitions. But just five years later Trevira is once again on the block after filing for insolvency with a German court. Reliance has pumped in Euro55m to clear outstanding bank […]

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Double trouble

It’s a double whammy for Reliance Industries. Not only have petrochemical margins dwindled but gross refining margins (GRM) have also fallen sharply in the last two months. One report suggests that the company recorded negative refining margins in October and November and that the GRM for the quarter ending December 2008 would be considerably lower […]

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Reliance pumps oil

It is finally here. After years of waiting and rumours of delays Reliance Industries has finally started pumping oil from its massive KG-D6 block of the Krishna Godavari basin. Initially about 5,000 bbls/day of crude is being pumped out although the plan is to reach 550,000 bbls/day over the next six to eight quarters. While […]

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JK wants to sell acrylic fibre. Any takers?

JK Synthetics is once again scouting for a buyer for its 18,000 tonnes/year acrylic fibre plant in Jhalawar, Rajasthan, according to this report in the Economic Times. I doubt if the company is going to be successful. JK was declared “sick” in 1998 and efforts have been underway since then to sell its various plants. […]

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Reliance for carbon fibre?

Reliance Industries is reported be looking at sourcing technology from India’s National Aersospace Laboratories (NAL) to build a 4000 tonnes/year carbon fibre plant at Vadodara. NAL had set up a 20 tonnes/year plant in Bangalore in 2006 with the material used for light combat aircraft, missile and space programmes. Carbon fibre is certainly a good […]

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The caustic-chlorine dilemma

Indian demand for caustic soda has been steadily expanding thanks to the alumina sector but investments in new chlor-alkali facilities are being held back by limited demand growth for chlorine. As is usually the case, India’s low per capita consumption suggests immense opportunity for growth. India’s per capita chlorine consumption is only around 1.85 kg […]

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New hurdle for CTL projects

It is two steps forward and one back for Indian coal-to-liquid (CTL) projects. Just a few months back an interministerial group had cleared an $8bn project proposed by the Tatas and Sasol. And Reliance Industries was also in talks with Coal India for a project. But the coal ministry is now having second thoughts about […]

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Govt approves Tata’s CTL project

The Tatas are set to launch India’s first $8bn coal-to-liquid (CTL) project. The project, a joint venture with Sasol, is said to have received government clearance. The Tatas have sought access to 30m tonnes/year of coal to produce 3m bbls of oil. The project would be based on Fischer Tropsch technology that will convert syngas […]

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