RIL selects Phillips 66 technology for Jamnagar plant

The planned gasification plants at Jamnagar will process petroleum coke and coal into synthesis gas utilising Phillips 66's E-Gas Technology

New Delhi: Reliance Industries Ltd on Tuesday said it has selected Houston-based Phillips 66's technology for its planned gasification plants at Jamnagar, reports PTI.

"The planned gasification plants at Jamnagar will be among the largest in the world and will process petroleum coke and coal into synthesis gas utilising (Phillips 66's) E-Gas Technology," the company said in a press statement here.

The synthesis gas will be used as feedstock for a new chemical complex and will fuel the refinery's existing gas turbine power generation units.

Phillips 66 will license its E-Gas Technology to RIL and provide process engineering design and technical support relating to the gasification technology process area.

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Train accident: 21 killed as passenger train collides with goods train

Most of the victims were labourers coming from Hubli and Hospet in Karnataka and were on their way to Bangalore

Penukonda (Andhra Pradesh): About 21 people were killed and over 40 injured when the driver of the Bangalore-bound Hampi Express apparently overshot the signal and rammed into the rear of a stationary goods train in Anantapur district of Andhra Pradesh in the wee hours on Tuesday, reports PTI.

Of them, 11 were charred to death in the first coach, which caught fire, while the rest were trapped to death in the third coach of the express train coming from Hubli in Karnataka which derailed at around 3:15am at Penukonda railway station in Bangalore division of South Central Railway.

The first three coaches of the express train had derailed due to the impact of the collision.

Three women and two children were among the 21 killed and whose bodies have been recovered, Harinath Reddy, Deputy Superintendent of Government Railway Police, Guntakal, said.

Most of the victims were labourers coming from Hubli and Hospet in Karnataka and were on their way to Bangalore.

"Prima facie it seems that the driver of Hampi Express overshot the signal," Railway Spokesperson Anil Saxena said in Delhi.

Police have registered a case and both the driver and his assistant of the express train were injured and in hospital and not in a position to speak right now, Reddy said.

Railway and local police along with fire fighting men soon brought the flames under control. Rescue as well as relief operations are on, officials said.

The injured have been shifted to Penukonda, Hindupur and Anantapur hospitals.

Railway Minister Mukul Roy, who was in Kolkata, has rushed to the site of the accident and ordered an inquiry into it.

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NALCO's FY12 net profit falls 21% Rs849.50 crore

The aluminium producer's full year net profit fell 21% due to rising cost of fuel and input materials

Bhubaneswar: State-run aluminium major NALCO's net profit plunged 21% to Rs849.50 crore in 2011-12 from Rs1069.30 crore achieved during the previous year mainly due to rising cost of fuel and input materials, reports PTI.

The 'Navaratna' PSU, however, achieved sales turnover of Rs6,500.27 crore during the year, up 9% over Rs5958.98 crore registered in the previous fiscal, company sources said on Tuesday.

The results would have been still better but for the impact of rising fuel cost and increase in price of input materials, they said.

The rise in sales turn-over is mostly attributed to better market realisations, in addition to higher production and sale of alumina.

The company has reported improved performance in terms of production and sales for 2011-12. During the year, the company has achieved the highest-ever bauxite production of 50.03 lakh tonnes, against the previous best of 48.79 lakh tonnes achieved 2009-10, they said.

Similarly, NALCO's Alumina Refinery has produced 16.87 lakh tonnes of alumina hydrate, which is an all-time high, against the previous best of 15.92 lakh tonnes achieved in 2009-10, sources said.

However, during the year, metal production of NALCO slumped marginally from 4.44 lakh tonnes to 4.13 lakh tonnes.

Net power generation by company's Captive Power Plant was 6.200 million units in 2011-12. The reduced power generation has been attributed to coal constraints.

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