The name plate capacity of MRPL refinery goes up to 15 MMTPA
MRPL (Mangalore Refinery and Petrochemicals Limited) announced the commissioning of the Crude and Vacuum Distillation Unit III on 29 March 2012. Production goes on stream from the Phase III refinery expansion-cum-upgradation project of MRPL.
Thus, the name plate capacity of MRPL refinery goes up to 15 MMTPA from 11.82 MMTPA.
In the early afternoon, MRPL was trading at around Rs62.40 per share on the Bombay Stock Exchange, 2.63% up from the previous close.
Mr M V Kotwal, president, L&T Heavy Engineering said, “L&T and Nexter consortium will endeavour to provide a winning solution to the Indian Army”
Defence majors Larsen & Toubro (L&T) and Nexter Systems(NS) of France have signed consortium agreements to collaborate for key artillery gun programmes of the Indian Army. These include the 155mm/ 52 cal towed gun system (TGS) and the mounted gun system (MGS) programme with NS as lead partner and a 130mm/ 39 cal M-46 up-gunning programme with L&T as lead partner.
The partnership between L&T and NS is based on delivering the best solution and value to the Indian Army. NS will transfer the production of sub-assemblies of TGS and MGS and the final integration of both systems to L&T in India. The engineering customisation of the systems to fulfil specific Indian requirements will be accomplished together by L&T and NS.
Mr Philippe Burtin, chairman and CEO, NS said, "Our teams have been working closely for more than two years and I am delighted with the results for the TGS programme."
Mr M V Kotwal, president, L&T Heavy Engineering said, "L&T and Nexter consortium will endeavour to provide a winning solution to the Indian Army."
In the early afternoon, Larsen & Toubro was trading at around Rs1,297 per share on the Bombay Stock Exchange, 1.28% up from the previous close.
“There is no gas, so we have to halt the expansion of our gas-based projects -- Kayamkulam, Ramagundam, Kawas and Gandhar,” an NTPC official said
State-controlled NTPC has frozen expansion of its gas-based projects due to non-availability of the fuel, according to a company official. The latest move also comes against the backdrop of Power Ministry advising power producers not to plan any gas-based projects till 2015-16 on account of gas shortage.
"There is no gas, so we have to halt the expansion of our gas-based projects -- Kayamkulam, Ramagundam, Kawas and Gandhar," an NTPC official told PTI.
The company has to stop work at these plants, the official noted.
The move follows a sharp drop in output at what was supposed to India's largest gas field, KG-D6 of Reliance Industries. Production at KG-D6 has dropped 40% in 2011 to about 35 million standard cubic meters per day and is likely to dip further.
The reduction, instead of a projected rise in output to 80 mmscmd from KG-D6 by now, has led to shortage of fuel with consumers including power generation units.
NTPC currently operates seven gas-based projects in the country -- 413 MW Anta (Rajasthan), 652 MW Auraiya (Uttar Pradesh), 645 MW Kawas (Gujarat), 817 MW Dadri (Uttar Pradesh), 648 MW Jhanor-Gandhar (Gujarat), 350 MW Kayamkulam (Kerala) and 430 MW Faridabad (Haryana)-- with a total capacity of 3,955 MW.
"We aimed for 70,000 MW (capacity) by 2017. There are so many problems, coal shortage, gas shortage; we may scale down some capacity. Let's see," the official said.
With the commissioning of the 500 MW unit of its joint venture Vallur thermal power project, NTPC's total installed capacity has increased to 36,514 MW.
In the early afternoon, NTPC was trading at around Rs163.85 per share on the Bombay Stock Exchange, 0.74% up from the previous close.