GAIL’s first UNIPOL™ PE Process line starts operations in Pata
GAIL’s first UNIPOL™ PE Process line starts operations in Pata
Will produce 400,000 TPA polyethylene, total capacity now 8,10,000 TPA
New Delhi, September 20, 2016: In a step towards realizing the ‘Make in India’ initiative of the Government of India, GAIL (India) Limited has successfully started its first UNIPOL™ PE Process line with the capacity to produce 400,000 tons of polyethylene (PE) per year. The total production capacity of GAIL’s Petrochemical plant at Pata, UP is now 8,10,000 tons per annum.
GAIL’s flexible High-density polyethylene (HDPE)/ Linear low-density polyethylene (LLDPE) swing plant provides access to a full range of resin applications which will allow GAIL and its customers to capture new market opportunities as PE market demands are changing.
The new process line gives GAIL the platform to expand its PE product capabilities, providing Indian PE converters with the high-quality, domestically-produced resin products needed for both large-volume markets as well as advanced performance applications.
Introduction of UNIPOL™ PE Resin products in the Indian market has started receiving positive feedback from customers. GAIL team at the project site appreciated the US-based Univation Technologies team for providing good support to the commissioning of the project right from the hook up and the start-up of the new plant.
About GAIL (India) Limited
GAIL (India) Ltd., is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications. The Company has extended its presence in Power, Liquefied Natural Gas (LNG) re-gasification, City Gas Distribution and Exploration & Production through equity and joint venture participations. GAIL owns and operates a network of about 11,000 km of Natural Gas high pressure trunk pipeline with a capacity to carry 206 MMSCMD of natural gas across the country.
GAIL is one of the leading public enterprises with a consistently excellent financial track record. The Company recorded a turnover of Rs. 51,614 crore and Profit After Tax of Rs. 2299 crore in the financial year 2015-16.
Will produce 400,000 TPA polyethylene, total capacity now 8,10,000 TPA
New Delhi, September 20, 2016: In a step towards realizing the ‘Make in India’ initiative of the Government of India, GAIL (India) Limited has successfully started its first UNIPOL™ PE Process line with the capacity to produce 400,000 tons of polyethylene (PE) per year. The total production capacity of GAIL’s Petrochemical plant at Pata, UP is now 8,10,000 tons per annum.
GAIL’s flexible High-density polyethylene (HDPE)/ Linear low-density polyethylene (LLDPE) swing plant provides access to a full range of resin applications which will allow GAIL and its customers to capture new market opportunities as PE market demands are changing.
The new process line gives GAIL the platform to expand its PE product capabilities, providing Indian PE converters with the high-quality, domestically-produced resin products needed for both large-volume markets as well as advanced performance applications.
Introduction of UNIPOL™ PE Resin products in the Indian market has started receiving positive feedback from customers. GAIL team at the project site appreciated the US-based Univation Technologies team for providing good support to the commissioning of the project right from the hook up and the start-up of the new plant.
About GAIL (India) Limited
GAIL (India) Ltd., is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications. The Company has extended its presence in Power, Liquefied Natural Gas (LNG) re-gasification, City Gas Distribution and Exploration & Production through equity and joint venture participations. GAIL owns and operates a network of about 11,000 km of Natural Gas high pressure trunk pipeline with a capacity to carry 206 MMSCMD of natural gas across the country.
GAIL is one of the leading public enterprises with a consistently excellent financial track record. The Company recorded a turnover of Rs. 51,614 crore and Profit After Tax of Rs. 2299 crore in the financial year 2015-16.
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India’s National Competitiveness Forum and Porter Prize 2015
Invitation for India’s National Competitiveness Forum and Porter Prize 2015 |
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“5thIndia Minerals & Metals Forum”
Indian Chamber of Commerce
“5thIndia Minerals & Metals Forum”
Ferrous& Non Ferrous
21stSeptember 2016, Hotel Shangri-la, New Delhi
Asyou are aware, the year 2015 was marked by deflation of commodityprices globally bringing down steel prices. In the Indian context,the drop was steeper than that of other raw materials, leading to asevere pressure on operating margins of steel plants. Besides, weakdemand in major steel producing countries such as China, Japan andSouth Korea led them to focus on exports at aggressive prices,including India, adversely impacting the domestic industry. It hasled to prices of some products coming to a ten-year low in the Indianmarket.
TheGovernment of India has taken several prudent steps to protect thedomestic steel industry, including raising import duties on long andflat products. But duties for steel imports from countries with FreeTrade Agreements (FTA) – such as Japan and South Korea – are muchlower at 1 per cent.
Further,the non-ferrous metals industry (Aluminium, Copper, Zinc, Lead, Tinand Nickel) is looking for a level-playing field against the surge inimports due to inverse duty structure as well as dumping of cheapsubsidized goods from China. The situation has been aggravated byIndia having the FTAs with ASEAN countries, which allows duty freeimports of finished goods. This jeopardizes domestic producersincluding SMEs, and has already caused a substantial number of plantsin the country to shut down. However, Union Budget 2016-17 hasaddressed the rising import issue by increasing Customs Duty onprimary aluminium from 5% to 7.5% and Basic Customs Duty on otheraluminium products from 7.5% to 10%.
Withthe above measures in place, the Industry certainly, is expected tohave a promising future in the coming times.
Againstthis background, the IndianChamber of Commerce(ICC)is organizing the 5thIndia Minerals and Metals Forum on the 21stof September, 2016 in New Delhi. TheSummit, over the years, has evolved as one of the most prominentConferences on the metal and mineral Industry in the country.
MrBirender Singh, Hon’bleUnion Minister of Steel, Government of India will grace the occasionas the “ChiefGuestofthe summit.
Thedignitaries who will be attending the programme as Guestsof Honourare MrAnil Swarup,Secretary, Ministry of Coal, Government of India, MrBalvinder Kumar,Secretary, Ministry of Mines, Government of India andDrAruna Sharma,Secretary, Ministry of Steel, Government of India.
Othereminent dignitaries MrMalay Chatterji, CMD,KIOCL, MrS K Acharya, Chairman& Managing Director, Neyveli Lignite, MrSunil Duggal,CEO, Hindustan Zinc, MrHemal Shah, Partner,Ernst & Young, MrS K Roongta,Chairman, ICC National Expert Committee on Minerals & MetalsandMrVishal Agarwal, Chairman,ICC Odisha State Council and VC & MD, VISA Steel will alsoaddress the summit.
Onthis occasion, E & Y has prepared a Knowledge Document whichhighlights the overview of the Volatility in metal sector. The reportwill be released by the Chief Guest and other dignitaries presentduring the Inaugural Session.