Cochin Shipyard deploys 2 new offshore vessels

BY 80, an anchor handling tug supply vessel, was contracted by Shipping Corporation and BY 84, a platform supply vessel, by Brage Supplier of Norway

Public sector Cochin Shipyard Ltd (CSL) has deployed two new offshore support vessels constructed for Shipping Corporation of India and a Norwegian company.

BY 80, an anchor handling tug supply vessel, was contracted by Shipping Corporation and BY 84, a platform supply vessel, by Brage Supplier of Norway.
BY 80, to be named SCI Urja, is the last in a series of four 120-tonne bollard pull anchor handling tug supply vessels (AHTS) being built for Shipping Corporation of India Ltd, Mumbai. The vessel is of AH03 design, designed by STX Europe, and is classified under the Rules and Regulations of the American Bureau of Shipping as 'Dual Class' with the Indian Register of Shipping.

The 66x16-metre vessel is equipped with a 300-tonne anchor handling winch, Grade-1 dynamic positioning systems and Grade-1 fire-fighting equipment and is capable of all normal offshore supply functions. The vessel has accommodation for 29 people and also meets the requirements of a emergency rescue & response vessel, which will enable standby and rescue functions in case of an oilfield exigency.

Upon delivery, the vessel will fly the Indian flag and will be registered at Mumbai.

BY 084 is the last of a series of four platform supply vessels of type PSV 09 CD, designed by STX Europe, being built for Brage Supplier, Norway. The vessel is a modern large diesel electric PSV designed to cater to all-around needs of the offshore oil and gas industry.

The yard presently has 34 ships on order. The shipyard posted impressive performance for the fifth year in a row in 2010-11. The yard achieved a turnover of Rs1,462 crore during 2010-11, compared to Rs1,417 crore in the previous year, and a net profit of Rs227.53 crore as compared to Rs223.04 crore in the previous year.

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Rana Sugars aims to export 1 MT of sugar

“We will have sufficient supply of sugar considering the domestic output (24.2 MT), stock and consumption pattern,” Rana Sugars Ltd managing director, Rana Inderpartap Singh

Integrated sugar manufacturer Rana Sugars has pitched for allowing export of one million tonne (MT) of sweetener so that domestic sugar firms can take advantage of its high global prices.

"We want the Centre to permit 1 MT of sugar export to cash in on high rates of sugar in global markets," Rana Sugars Ltd managing director, Rana Inderpartap Singh told PTI. "The decision should be taken soon by the Centre to avoid a situation similar to what was in the case of wheat crop where despite lifting ban on its export, the shipments remains unfeasible due to low international prices," he said.

Further, he stated that the sweetener rates shot up from $750 per tonne four months back to $875 per tonne, which are enough to give handsome returns to sugar exporters.

"At current global rates, sugar exports fetch Rs38 per kg while in domestic market, rates are hovering around Rs28 per kg. So, the sugar companies can get additional Rs10 per kg," he said. The government has so far allowed export of 1 MT of sugar in phases under Open General License (OGL).

Sugar maker stressed that even after allowing 1 MT of sugar export; the country would have enough stock in hand not to cause any "abrupt" hike in domestic sugar rates.

Sugar industry has pegged the sweetener output at 24.2 MT for the season 2010-11, (October-September) as against 19 MT in previous season. The stock for the last season stands at 5 MT, while the country's sugar consumption is expected at 22.5 MT.

"We will have sufficient supply of sugar considering the domestic output (24.2 MT), stock and consumption pattern," Singh added.

He further pointed out that sugar output for 2011-12; season was expected at 26.5 MT with acreage going up by 5-7% in the country.

Rana Sugars, one of the largest sugar producers in the country has crushing capacity of 15,000 tonnes per day with two units in UP and Punjab. The company saw a big jump in sales to Rs870 crore in 2010-11, compared to Rs 550 crore in the previous fiscal.

On Thursday, Rana Sugars ended flat at Rs5.39 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.81% to 18,502.38.

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L&T wins order worth Rs1,210 crore in Qatar

The substation project will be completed in 18-26 months

Larsen & Toubro's (L&T) Power Transmission and Distribution unit has bagged a major international EPC order valued at Rs1,210 crore from Qatar General Electricity & Water Corporation for supply and construction of 13 extra high voltage  (EHV) substations in Qatar.

This order, part of Qatar Power Transmission System Expansion-Phase 10 (Stage I), is the single largest order for L&T's power transmission and distribution (PT&D) operations in GCC Countries. The project will be completed in 18-26 months.

The scope includes gas insulated switchgears of 220kV, 132kV and 66kV, associated cabling including external EHV cable diversion works, power transformers, 11kV air insulated switchgears, protection and substation automation system including DC system and auxiliaries.

On Thursday, L&T ended 0.68% down at Rs1,798.40 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.81% to 18,502.38.

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