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Tuesday,03-August-2021

Business

RIL’s swift steps make it largest producer of medical Oxygen

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As India grapples with an unprecedented new wave of the Covid Pandemic, Reliance Industries has scaled up production of medical grade liquid oxygen, becoming country’s largest producer of this life-saving resource from a single location in just over a year’s time.

Traditionally, Reliance is not a manufacturer of medical grade liquid oxygen. Yet, starting from Nil before the pandemic, the company is its largest producer in the country from a single location. At its refinery-cum-petrochemical complex in Jamnagar and other facilities, RIL now produces over 1000 MT per day – or 11 per cent of India’s total production – meeting the needs of nearly every one in ten patients.

A company statement said that under personal supervision of Mukesh Ambani, Chairman and Managing Director, at Jamnagar, Reliance has adopted a two-pronged approach to strengthen the availability of medical oxygen in India: the company is refocusing several industrial processes at Reliance’s Jamnagar and other facilities for rapid scale-up in production of medical grade liquid oxygen. Also, RIL is augmenting loading and transportation capacities to ensure its swift and safe supplies to states.

Commenting on the initiatives, Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, said: “For me and for all of us at Reliance, nothing is more important than saving every life as India battles against a new wave of the COVID-19 pandemic. There is an immediate need to maximise India’s production and transportation capacities for medical grade oxygen.”

“I am proud of our engineers at Jamnagar who have worked tirelessly, with a great sense of patriotic urgency, to meet this new challenge. I am truly humbled by the determination and sense of purpose shown by the bright, young members of the Reliance family who have once again risen to the occasion and delivered when India needs it the most.”

Nita Ambani, Founder-Chairperson of Reliance Foundation, said: “Our country is going through an unprecedented crisis. We at Reliance Foundation will continue to do everything we can to help. Every life is precious. Our plants at Jamnagar refinery have been repurposed overnight to produce medical grade liquid oxygen that is being distributed across India. Our thoughts and prayers are with our fellow countrymen and women. Together, we will overcome these difficult times.”

Prior to this pandemic, Reliance was not a manufacturer of medical grade liquid oxygen. However, RIL engineers quickly reconfigured and optimised current operations – designed for Refining and Petrochemicals grade oxygen – to produce high-purity medical oxygen.

Medical grade liquid oxygen has to be produced in liquid form at – (minus) 183 degree C with almost 99.5 per cent purity, which poses extraordinary challenges and risks in production and maximising tonnage. RIL through process optimisation and modifications of Cryogenic Air Separation Units, was able to maximise production of medical grade liquid oxygen in a very short span of time.

This oxygen is being provided free-of-cost to several State Governments across the country to bring immediate relief to over 1 lakh patients on a daily basis. Since the beginning of the pandemic in March 2020, Reliance has supplied over 55,000 MT of medical grade liquid oxygen across the country.

The company also converted nitrogen tankers into transport trucks for medical grade oxygen, through innovative and safe processes to address the problem of transportation. Reliance organised the airlifting of 24 ISO containers into India from Saudi Arabia, Germany, Belgium, The Netherlands and Thailand adding 500 MT of new transportation capacity for liquid Oxygen. These ISO containers will help in removing the transport constraints for Oxygen in the country. In addition, Reliance is airfreighting more ISO containers over the next few days.

We would like to offer our sincere thanks to Aramco, BP and IAF for their immense help in providing and transporting ISO containers to help the country in its battle against Covid, a company statement said.

Business

Essar Oil UK announces appointment of Chief Executive Officer

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The Board of Directors of Essar Oil (UK) Limited on Monday announced the appointment of Deepak Maheshwari as its Chief Executive Officer.

EOUK’s Stanlow Manufacturing Complex is a key strategic national facility, annually producing over 16 per cent of the UK’s road transport fuels.

Maheshwari joins EOUK at a transformative juncture as it accelerates its transition to a ‘Low Carbon Energy Provider’ of the future.

As CEO, Maheshwari will work closely with the EOUK Board on the delivery of a number of strategic energy transition projects which are aimed at making Stanlow a green refinery to meet the post-carbon needs of a progressive UK.

Amongst these are HyNet (a low carbon hydrogen energy and carbon capture project) which will transform the North West of England and North Wales into one of the world’s first low carbon industrial clusters, together with the building of a Biofuels business which will include production of both renewable diesel and sustainable aviation fuel (SAF).

With more than 25 years’ senior leadership experience, across the utilities, energy, and infrastructure sectors in Europe and Asia, Maheshwari will lead an experienced management team and further strengthen corporate governance within the ESG framework.

Most recently, Deepak was CFO and Head of Strategy at Adani Ports and Special Economic Zone Limited, India’s largest commercial multi-port operator. He was previously CFO of Essar Energy Limited.

EOUK Chairman, Prashant Ruia, said: “We are delighted to welcome Deepak to EOUK. His immense corporate experience will prove invaluable during such an important period of growth for the company, which is aiming to be a leading player in the transition towards a sustainable society by delivering cleaner energy solutions.”

“I am delighted to be joining EOUK as Chief Executive Officer and look forward to building on the impressive legacy that Essar colleagues have created. The UK’s green economy continues to develop and flourish and the Board and I will work hard to ensure EOUK sits at the fulcrum of the UK’s sustainable, low carbon future.”

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Odisha records 54% growth in GST collection in July

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Odisha recorded 54 per cent growth in Goods and Services Tax (GST) collection in July as compared to the corresponding month of the previous year, officials said on Monday.

According to an official statement issued by the office of the state GST commissioner, Odisha collected GST worth Rs 3,615 crore in July 2021 as against Rs 2,348 crore collected in July last year.

This growth rate of GST in Odisha is the second highest among all major states in India after Maharashtra, the statement said.

GST collection till July end of this financial year is Rs 13,661 crore, as against Rs 7,540 crore collected till July last year, thereby recording a growth of 81 per cent.

The state collected Rs 927 crore in CGST, Rs 1,028 crore in IGST and Rs 592 crore in cess in July. Moreover, the total collection of VAT (petrol and liquor) was Rs 824.53 crore in July as against Rs 611.36 crore collected in July 2020, recording a growth of 34.86 per cent.

The revenue collection from liquor recorded a growth of 36.36 per cent, officials said.

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Will Goa resume mining? Industry dependents seek clarity

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Days after the Goa assembly passed the Goa Mineral Development Corporation Bill 2021, paving way for setting up of the body to revive mining in the state, the Goa Mining People’s Front, an umbrella organisation for mining dependents in the state on Monday demanded a timeline for resumption of mining activity.

The Front, a collective of now-unemployed mining industry workers and owners of businesses linked to the industry, has also said that the bill passed in the state assembly to form the Corporation had no roadmap for revival of mining.

“There is transparency required on how this is going to enable early resumption of mining in Goa and restore the livelihood lost which is more vital in current circumstances. The bill does not spell out any intent about protecting the interest of local people by creating employment,” a statement issued by the Front’s president Puti Gaonkar said.

“The current bill does not mention about induction of workers or trucks directly by corporation so the interest of local people does not form a part of the bill. Goans have faced a lot of hardships because of repeated bans on mining in the last one decade and are now looking for stable and sustainable livelihoods,” the statement said.

Mining activity in Goa was banned by the apex court first in 2012, following the unearthing of a Rs 35,000 crore scam by a judicial commission appointed by the central government. But was resumed in 2015 with restrictions, before it stopped again after the apex court found irregularities in renewal of 88 mining leases and stopped all ore extraction activity from March 2018.

According to Chief Minister Pramod Sawant, forming the Corporation would enable the state government to fast-track resumption of mining activity in the state.

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