Friday, Mar 29 2024 | Time 21:14 Hrs(IST)
image
Business Economy


Reliance Commissions new paraxylene plant at Jamnagar

New Delhi, Dec 28 (UNI) On the birth anniversary of Reliance’s Founder Chairman Dhirubhai H Ambani, Reliance Industries Limited (RIL) has announced the successful commissioning of the first phase of Para-xylene (PX) plant at Jamnagar, Gujarat.
According to a statement issued by the Company, the plant with capacity of 2.2 MMTPA is built with state-of-the-art crystallization technology from BP which is highly energy efficient and environment friendly. With the commissioning of this plant, RIL’s PX capacity will more than double from 2.0 MMTPA to 4.2 MMTPA.
On commissioning of entire PX capacity, Reliance will be the world’s second largest PX producer with 9 per cent of global PX capacity and 11 per cent share of global production.
The new PX capacity will add value to the output from refineries and improve the profitability of the Jamnagar complex. PX is the building block for the entire polyester chain. The new capacity will complete the integration within Reliance’s polyester value chain, leading to improved margins and also strengthen its position in polyester industry globally.
Commenting on this, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said, “Commissioning of the new PX plant marks beginning of the culmination of a series of projects including the refinery off-gas cracker, ethane import project and petcoke gasification. These projects are part of the largest contemporary investment, in excess of Rs. 100,000 crore, in Refining and Petrochemicals sector anywhere in the world.”
“Our projects are on schedule and at an advanced stage of mechanical completion. The new PX capacity takes us a step closer to being among the top 10 petrochemical players globally. This is a fitting tribute to our visionary Founder Chairman Shri Dhirubhai H. Ambani,” he added.
UNI ADP ADG 2101
More News

Tech startup Daakia secures seed funding of Rs 4 cr

28 Mar 2024 | 8:41 PM

Bengaluru, Mar 28 (UNI) Tech start-up Daakia Pvt. Ltd. said on Thursday that it has secured seed funding to the tune of US$ 5 lakh (Rs 4 crore) from a group of strategic investors.

see more..
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..
image