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"Worrying is carrying tomorrow's load with today's strength- carrying two days at once. It is moving into tomorrow ahead of time. Worrying doesn't empty tomorrow of its sorrow, it empties today of its strength." - Corrie ten Boom

"Man is not worried by real problems so much as by his imagined anxieties about real problems" - Epictetus

"Okay, so, flying," I started, taking a deep breath and focusing on the thing I loved most in the world. "Flying is … great. It feels great when you're doing it. It's fun. Pure freedom. There's nothing better." Dylan smiled, a slow, easy smile that seemed to light up his whole face. "So the first thing we're going to do," I told him, "is push you off the roof." - James Patterson, Fang

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Petroleum Minister inaugurates BS-VI emission
testing facilities at IndianOil's R&D Centre 


Thesynergyonline Corporate Bureau


NEW DLHI, JULY 22 :
Mr Dharmendra Pradhan, Minister of State for Petroleum and Natural Gas (Independent Charge), inaugurated the BS-VI Emission Testing Facilities at IndianOil’s R&D Centre in Faridabad on Saturday. Mr. KD Tripathi, Secretary, MoPNG; Mr. Sanjiv Singh, Chairman, IndianOil , Dr SSV Ramakumar, Director (R&D), IndianOil, and other senior officials accompanied the Minister on his visit to the various research facilities on the R&D Centre campus.


The R&D facilities are designed to test all types of fuels, such as petrol, diesel, ethanol-blended petrol, bio-diesel, CNG, LNG, Hydrogen-CNG and 2G-ethanol blends, to ensure that they meet the superior BS-VI norms that are to be implemented across the country by April 2020. In addition to generating emission data, the facilities will also evaluate the fuel blends for energy efficiency and engine durability.


Addressing the senior scientists at the R&D Centre Mr Pradhan exhorted them to ensure that the benefits of their research and innovations reach the common man and benefit him in every possible way. Complimenting them for developing a nano-additised battery for use in e-rickshaws, with better efficiency and longer life than commercially available batteries, he urged them to take its benefits to the market at the earliest.


Mr  Pradhan lauded the efforts of IndianOil R&D in commercialising Indane Nanocut -- the industrial version of LPG for the metal-cutting industry. He took keen interest in the Centre’s R&D efforts in new process and product technologies like OCTAMAX, intelligent instrumented pipeline inspection gauge (IPIG), 2G-ethanol and the various catalysts developed for refinery and petrochemical plant operations. Evincing keen interest in the comprehensive research facilities of the R&D Centre, Mr. Pradhan hoped that IndianOil would take a quantum leap in alternative and renewable research arenas in the next 3-4 years.  

Appreciating IndianOil’s tie-ups with premier academic and research institutions in India and abroad, Mr. Pradhan exhorted the R&D group to kindle scientific fervour in the younger generations by creating an eco-system that facilitates budding scientists to emerge as potential innovators and entrepreneurs.
Earlier, welcoming the Minister, Mr Sanjiv Singh, Chairman, IndianOil, briefed him on the multifaceted research programmes of the R&D centre and their successful adoption in the Company’s business verticals. 

 

"Awards and ceremonies are all an applause of discipline."
― Sunday Adelaja

IndianOil's INDMAX technology bags Excellence Award at World Petroleum Congress


Thesynergyonline Corporate Bureau

Mr Abdullah bin Hamad Al Attiyah , the former Deputy Prime Minister & Minister of Energy and Industry, Qatar , presenting the WPC Excellence Awards to Mr Sanjiv Singh, Chairman, IndianOil (left), and Dr SSV Ramakumar, Director (R&D), IndianOil (centre).


NEW DELHI, JULY 17 : At the recently concluded 22nd edition of the World Petroleum Congress in Istanbul, Turkey, IndianOil bagged the WPC Excellence Award for its innovative and ground-breaking INDMAX technology.

The award was presented to Mr Sanjiv Singh, Chairman, IndianOil, and Dr. SSV Ramakumar, Director (R&D), by Mr. Abdullah bin Hamad Al Attiyah, former Deputy Prime Minister & Minister of Energy and Industry, Qatar.

On the occasion Mr. Sanjiv Singh said, "We are very happy to receive this prestigious award that endorses IndianOil's efforts in developing world-class refining technologies in-house, at its R&D Centre. With a superior LPG yield, the INDMAX technology will help us expand the availability of this environment-friendly fuel in the domestic market, thereby contributing to the national agenda of promoting LPG as a clean and convenient cooking fuel."


Dr. SSV Ramakumar added, "It is a great endorsement of our INDMAX technology, for enhancing the yield of LPG and light distillates, coming from a premium global body and it will provide the much-needed fillip to commercialise our in-house developed refinery processes globally."

Developed by IndianOil's R&D Centre, the INDMAX technology is highly suitable for heavy crude oil feeds contaminated with metals. IndianOil had set up an INDMAX pilot plant of 0.1 million metric tonnes per annum (MMTPA) capacity at its Guwahati Refinery in the year 2003. Thereafter, a full-size (4.17 MMTPA) unit was incorporated at its state-of-the-art Paradip Refinery commissioned in March 2016.

The INDMAX technology (a type of fluidised catalytic cracking, or FCC, technology) is designed to produce 44% LPG, the highest yield from such units. The commissioning of the commercial-scale INDMAX unit at Paradip marked a major milestone for Indian refining and catapulted IndianOil into the league of world-class technology licensors.

Riding on the success at Paradip, the IndianOil Board has approved the setting up of an INDMAX unit (including LPG treatment) of 0.740 MMTPA capacity at its Bongaigaon Refinery. It is scheduled to be commissioned in 2019.


In addition to the WPC Excellence award for INDMAX technology, IndianOil also won the top honours for the unsurpassed scale of implementation of Pradhan Mantri Ujjwala Yojana (PMUY) it had spearheaded for distribution of deposit-free LPG connections to below-poverty-line families.

 

IndianOil and LanzaTech sign a statement of intent to construct world's first refinery off gas-to-bioethanol production facility in India

Thesynergyonline Corporate Bureau

Dr Jennifer Holmgren, CEO of LanzaTech & Dr SSV Ramakumar, Director (R&D), IndianOil signing statement of intent in the presence of Mr Dharmedra Pradhan, Minister of State (Independent Charge) for Petroleum & Natural Gas, Govt of India, Mr Sanjiv Singh, Chairman, IndianOil and senior officials from Indian oil industry

ISTANBUL, JULY 10 :
Indian Oil Corporation Limited (IndianOil), India's flagship national oil company and LanzaTech, carbon recycling company, have signed a Statement of Intent to construct the world's first refinery off gas-to-bioethanol production facility in India.

LanzaTech has developed a gas fermentation process to make fuels and chemicals. Instead of sugars and yeast, the company uses a biological catalyst to ferment waste gas emissions. The large volume of waste gas produced at industrial facilities such as refineries cannot be stored or transported; rather it must be combusted to make power locally and emitted as carbon dioxide (CO2). Power can be carbon-free, and in India today, the cost of renewable power has fallen below the cost of coal, accelerating the transition to a carbon-free grid.

LanzaTech's technology allows refineries to divert waste gases from the grid, supporting the transition to fully renewable power while recycling this carbon into liquid fuels and petrochemicals.

India is adopting a cleaner and greener economic growth pathway today, with the Government running one of the largest renewable capacity expansion programmes in the world. The implementation of the National Smart Grid Mission, along with new programmes for increasing energy capacities from wind and waste conversion, are key elements of this vision. This vision is inextricably linked to the principle of 'need-based consumption' which follows the need to maximise on existing resources and decarbonise everyday activities.

For liquid fuels, this is highlighted by targets initiated by the Ministry of Petroleum & Natural Gas to increase the supply of ethanol-blended petrol (E10) to all parts of the country. IndianOil is aligned with this Ministerial vision and is working to both reduce its overall emissions and to improve refinery yields. For this reason, IndianOil has selected the LanzaTech technology which enables the beneficial reuse of carbon-rich off-gases for the production of ethanol. The ethanol produced from the recycling of refinery off-gases is expected to have a greenhouse gas emissions savings of over 70 per cent compared to conventional gasoline.


The basic engineering for the 40 million litres (35 K MTA) per annum demonstration facility will begin later this year for installation at IndianOil's Panipat Refinery in Hayrana, India at an estimated cost of 350 crore rupees (USD 55 Million). It will be integrated into existing site infrastructure and will be LanzaTech's first project capturing refinery off-gases. LanzaTech's first commercial facility converting waste emissions from steel production to ethanol will come online in China in late 2017.

"India is on track to exceed its Paris commitments," said India's Minister of Petroleum and Natural Gas, Mr. Dharmendra Pradhan. "This is thanks to investment in novel low-carbon technologies such as this project between IndianOil and LanzaTech. It is promising to see carbon turned from a liability into an opportunity, where we can reduce emissions, maximise resources and decarbonise our economy."


"Innovation is one of IndianOil's core values as evidenced by our continued investment in our R&D and engineering teams," said Mr Sanjiv Singh, Chairman IndianOil. "Innovation helps us learn and grow and this project at the Panipat Refinery enables us to continue to move forward with our commitment to build a strong sustainable business that demonstrates concern for society and the environment. The biofuels we will be able to produce will support the requirements for motor spirit blends set by the Government of India while enabling IndianOil to add value while reducing its emissions."

"India is leading a transformational shift which balances industrial growth with the needs of society and the environment," said Dr Jennifer Holmgren, CEO of LanzaTech. "Changes in the energy paradigm pose a serious challenge for energy companies but IndianOil is taking the challenge as an opportunity. They are leading the next generation of refiners as they diversify India's energy sources and explore alternative ways to meet the country's energy needs, sustain economic growth and alleviate energy poverty. We are very proud to be working with IndianOil as it plans the first deployment of LanzaTech technology in one of its major refineries, demonstrating the broad applicability of emissions recycling across industrial sectors, beyond steel."


The potential impact of using off-gases from the refining sector in India is considerable. India would be able to produce 40-50 KMTA of ethanol per refinery while saving about 1 million tonnes of CO2 per annum. This is the equivalent emissions savings as taking 850,000 cars off the road in India each year.

"The future belongs to those who believe in the beauty of their dreams."
― Eleanor Roosevelt

Dhamra LNG terminal on completion to be milestone in development of eastern region : Pradhan

Thesynergyonline Corporate Bureau


Mr Dharmedra Pradhan, Minister of State (Independent Charge) for Petroleum & Natural Gas lighting the ceremonial lamp to formally inaugurate the Bhumi Pujan ceremony in the presence of noticeables

NEW DELHI, JULY 08 :
"If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them."
― Henry David Thoreau, Walden

So the Bhumi Pujan of the 5-MMTPA (million metric tonnes per annum) LNG (Liquefied Natural Gas) Regasification Terminal at Dhamra Port, located in Bhadrak district of Odisha, was performed by Mr Dharmendra Pradhan, Minister of State (Independent Charge) for Petroleum & Natural Gas, Government of India, at the project site on SAturday, amidst loud cheering and enthusiasm of over 6,000 people gathered to witness the historic occasion.


Mr KV Singhdeo, MLA Patnagarh (Bolangir) ,Mr Manmoham Samal, former Minister (Revenue), Govt of Odisha , Mr Bishnu Sethi,fFormer MLA Chandbali , Mr Sanjiv Singh, Chairman, IndianOil, Mr BC Tripathi, CMD, GAIL, Mr Karan Adani, CEO, Adani Port & SEZ Ltd., and senior officials from the oil industry were also present at the ceremony.


Indian Oil Corporation, GAIL (India) Ltd. and Adani Group are joining hands to set up the terminal at Dhamra port for receipt, storage and regasification of LNG. The terminal, being built at an estimated cost of Rs 6,000 crore, is expected to be commissioned by the year 2020-21. It will cater to city gas distribution networks and industrial hubs in Bhubaneswar, Cuttack, Angul, Sambalpur, Jharsuguda and Rourkela in Odisha. Thirteen districts of Odisha, that is, Sundargarh, Deogarh, Sambalpur, Angul, Dhenkanal, Khorda, Cuttack, Jajpur, Bhadrak, Kendrapara, Jagatsinghpur, Puri and Jharsuguda will benefit from the pipeline passing through the State.


Addressing the people after unveiling the foundation stone plaque of Dhamra LNG Terminal, Mr Pradhan said the terminal will play a significant role in the development of eastern India. The Prime Minister has charted a roadmap for the growth of eastern India and stated that India can't be developed without integration of its eastern arm into the mainstream economy. Dhamra LNG Terminal is a gift from PM Modi to change the narrative of Odisha and bring back its past glory."

Mr Pradhan added that India is transitioning to a gas-based economy with 50 per cent of gas being imported through terminals located in Gujarat and one in Maharashtra. "In eastern India, Dhamra will have the distinction of hosting the first LNG terminal, which will import gas from countries likethe US and Qatar."

Mr Pradhan also enumerated the multiple benefits that will accrue to Odisha state and the region with Dhamra LNG Terminal acting as a source of employment and investment opportunities along with access to clean fuel.

He said, Dhamra will be a vital link in connecting eastern India to the gas infrastructure of India and will also benefit neighbouring countries. Natural Gas from this LNG terminal will also be an important gas supply source to the Pradhan Mantri Urja Ganga ( JHBDPL ) Project, he said.

The natural gas from Dhamra LNG Terminal would also be supplied to various city gas distribution (CGD) networks coming up in eastern India, in cities such as, Bhubaneswar, Cuttack, Ranchi, Bokaro, Jamshedpur and Kolkata.

The CGD networks would in turn cater to the requirements of piped gas for households, CNG for automobiles and clean fuel requirements of commercial establishments and industries,Mr Pradhan added.

Mr Sanjiv Singh, Chairman, IndianOil said "Dhamra LNG Terminal will usher in a green wave of growth and development in eastern India by making available clean and economically viable natural gas to fuel various sectors. We are hopeful that use of natural gas will also help in reducing the carbon footprints in the States of Odisha, Bihar, Jharkhand and West Bengal in a big way."

Mr BC Tripathi, CMD, GAIL reiterated GAIL's commitment to taking the Dhamra LNG project to its fruition & recounted its multiple benefits for citizens of eastern India.


Mr Karan Adani, CEO Adani Port & SEZ Ltd., proposing the vote of thanks, said Adani Group endeavours to build a world-class project that will make Odisha proud & galvanise an entire ecosystem of job creation.

The LNG terminal would also meet the gas requirements of three oil refineries of IndianOil situated in Barauni, Haldia and Paradip. The three fertiliser plants at Barauni, Sindri and Gorakhpur, which are being revived by the Government of India, will also benefit from the terminal.

Interestingly, natural gas is the fuel of the 21st century owing to its inherent low-carbon intensity. And the Government of India is keen to mainstream a gas-based economy in the country.


At present, the States in eastern India, viz., Odisha, Bihar, Jharkhand and West Bengal, are not able to get the benefits of natural gas in sectors like domestic, transport, industries, etc., as the region does not have gas infrastructure by way of LNG terminals and cross-country gas pipeline grid.

The Prime Minister, Mr Narendra Modi, while dedicating the 15-MMTPA Paradip Refinery to the nation, termed it the Vikasdeep of Eastern India. Next, Pradhan Mantri Urja Ganga Yojana, a flagship energy project, was launched by the Prime Minister at Varanasi for ensuring the flow of natural gas along the 2,540-km-long pipeline that will benefit all customer segments in the States of Uttar Pradesh, Bihar, Jharkhand, West Bengal and Odisha.

"It's all about reprogramming our minds to focus more on what brings us joy."
- Alaric Hutchinson, Living Peace

IFCI celebrates its 70th Foundation Day


Thesynergyonline Corporate Bureau

  • It's a fine line between Saturday night and Sunday morning.
  • "Those who wish to sing always find a song." ? Swedish Proverb
  • "The most wasted of all days is one without laughter." ? Nicolas Chamfort
  • Documenting little details of past years becomes a celebration of where we are
  • It's taking million smiles through billion miles

Mr Sanjeev Kaushik , Deputy Managing Director, Mr Biswajit Banerjee, Executive Director alongwith other officials and members of their family at celebration of 70th Foundation Day of IFCI.

New leash laws in effect for floppy-eared dogs

Ears on dogs can be a tricky thing. Find out more about this amazing story and why these dogs are a nuisance.

Insider: Can palm trees be saved?

Ah, the palm tree. It feeds us, it shades us, it does whatever we ask. We should think about it more deeply.

Fresh recipes to titillate the taste buds

Food is great. These recipes will make you appreciate food as if it were even greater than great. It will be super great.

Insider: Can palm trees be saved?

Ah, the palm tree. It feeds us, it shades us, it does whatever we ask. We should think about it more deeply.


NEW DELHI, JULY 05 :
"Give me a moment, because I like to cry for joy. It's so delicious, John dear, to cry for joy." - Charles Dickens, Our Mutual Friend

IFCI Ltd. celebrated its 70th Foundation Day on July 01, 2017 at IFCI Colony, Paschim Vihar, New Delhi. On this occasion, the children of employees of IFCI presented a musical and dance programme. Cultural activities were also arranged on this occasion, which enthralled the audience.

"(J)oy deserves always more."

― Linda McCarriston, Eva-Mary

Mr Sanjeev Kaushik (IAS-KL 92), Deputy Managing Director, Mr Biswajit Banerjee, Executive Director alongwith other officials & their family members celebrated 70th Foundation Day of IFCI with joy and gaiety.


"It is always worth itemizing happiness, there is so much of the other thing in a life, you had better put down the markers of happiness while you can."
― Sebastian Barry, The Secret Scripture

"Those who wish to sing always find a song." - Swedish Proverb "(J)oy deserves always more."

"Between a plan and it's achievement is a leader in the middle. With his one arm he makes the plan.
With the other one he carries them through."

Midea Group to invest Rs 800 crore
to set up manufacturing facility in Pune

Thesynergyonline Corporate Bureau

• The Manufacturing facility will come up over an acquired area of 43 acres
• To set up R&D Center to develop products for India
• Plant will be operational by end 2018
• To create employment opportunities for over 500 people over 5 years

NEW DELHI, JUNE 29 :
Midea Group, a Fortune 500 company on Thursday announced plans to invest Rs 800 crore to set up a manufacturing facility near Pune. The company will acquire 43 acres of land in Supa Parner Industrial Park II.


Mr Andy Gu, Vice President, Midea Group, made the announcement of a greenfield manufacturing facility for consumer home appliances and components. The products manufactured at the plant will cater to Midea Group's operations in India as well as others. The facility will also evaluate export for Midea Group to other distribution locations.

In line with Prime Minister Narendra Modi's 'Make in India' vision Midea Group has earmarked an investment of Rs 800 crore for the new facility which is expected to generate 500 jobs over 5 years.

The state of the art, greenfield manufacturing facility will have a dedicated R&D centre which will design, develop and test products for the Indian market. The new facility is expected to commence commercial operations by end 2018 and is an exemplary showcase of Midea Group's long-term commitment to the Indian market.

Mr Andy Gu, vice president, Midea Group, said,"We are extremely happy to begin work for expanding our base in India. India is a key market in our global growth strategy and will be an important manufacturing hub in the future. Our investment is an example of Midea's belief in the Indian market and reiterates our commitment to 'Make in India'. The new home appliances manufacturing plant in India will enable us to offer "Designed in India" product solutions to our valued customers."

"This manufacturing plant will further support our focus to accelerate our business and establish Midea as a significant player in the home appliance market in India."


The highlights of the new facility will be:-


 Production lines for home appliances including Refrigerators, Washing Machines and Water Appliance products.
 The plant will have a capacity to manufacture Five Lakh refrigerators, Six Lakh washing machines and Ten Lakh Water Appliances products.
 In addition Midea Group's Parts & Components Divisions GMCC and Welling will also be setting up exclusive manufacturing facilities to manufacture Compressors & Motors for Appliances
 Stringent environment and safety standards will be used to ensure that the India manufacturing facility is at par with global operating standards.

ONGC facilitates startups under
flagship programme of GoI


Thesynergyonline Corporate Bureau

NEW DELHI, JUNE 23 :
Oil and Natural Gas Corporation (ONGC) launched the Rs. 100 -crore 'ONGC Start-Up Fund' on August 14, 2016. ONGC, SINE and IIT Bombay entered into a MoU to work together for incubating innovative ideas and business start-ups in the energy sector at the Society for Innovation and Entrepreneurship (SINE) of IIT Bombay.


The pitching session to select start-ups under ONGC Start-Up Fund was held recently at IIT Bombay. The start-Ups made presentations to the steering committee, constituted for this purpose comprising Mr Shashi Shanker, Director (T&FS), ONGC (Chairman, Steering Committee), Mr. A K Srinivasan, Director (Finance), ONGC, Prof. Dr Milind Atrey, Program In charge SINE (co-chair, Steering Committee) and Prof Dr S B Kedare, IIT Bombay and other members.


ONGC had received nearly 2900 applications on its website. After two rounds of screening, thirty-one applicants were shortlisted and invited for the pitching session. The proposals were in the areas of exploration and production of oil and gas, Artificial Intelligence, Data Analytics, Under Water Robotics, Solar Energy, Waste to Energy, etc. which were presented at the pitching session. It is envisaged that the successful start-ups shall be incubated at SINE, IIT Bombay from July , 2017.
Speaking on the occasion, Director (T&FS) thanked the applicants for such an overwhelming response to ONGC start-up scheme.


He said that ONGC is committed to foster new ideas in energy sector and promote entrepreneurship among the Indian youth and to promote business Start-Ups in energy sector.
Professor Dr Milind Atrey thanked ONGC for bringing the ONGC Start-Up Fund Incubation program to IIT Bombay and said that IIT Bombay shall enhance its infrastructure for more such incubation at IIT Bombay.

"Self-observation is the first step of inner unfolding." Meditation is the dissolution of thoughts in eternal awareness or pure consciousness without objectification, knowing without thinking, merging finitude in infinity." - Voltaire  

MRPL celebrates International Yoga Day


Thesynergyonline Corporate Bureau

 


MANGALURU, JUNE 22 :
"Your duty is to be and not to be this or that. 'I am that I am' sums up the whole truth. The method is summed up in the words 'Be still'. What does stillness mean? It means destroy yourself. Because any form or shape is the cause for trouble. Give up the notion that 'I am so and so'. All that is required to realize the Self is to be still. What can be easier than that?"
- Ramana Maharshi

International day of Yoga was celebrated all over the world on June 21 , 2017. In this regard, Mangalore Refinery and Petrochemicals Limited (MRPL) conducted a week long program of which inauguration was held on June 20 , 2017 at MRPL Employees Club.

Dr K Krishna Sharma, HOD and Chairman, Department of Human Consciousness and Yogic Sciences, Mangalore University, was the chief guest of the inaugural program.

Mr H Kumar, Managing Director, Mr M Venkatesh, Director Refinery, Mr Rajeev Kushwah, CVO, Mr B H V Prasad, GGM(HR) and other senior officers and employees of MRPL, CISF personnel and DPS School children participated in the program.

"Your duty is to be and not to be this or that. 'I am that I am' sums up the whole truth. The method is summed up in the words 'Be still'. What does stillness mean? It means destroy yourself. Because any form or shape is the cause for trouble. Give up the notion that 'I am so and so'. All that is required to realize the Self is to be still. What can be easier than that?"
― Ramana Maharshi

Inaugurating the event Dr K Krishna Sharma, spoke on the ''Importance of Yoga and Yoga Therapy in today's lifestyle".

He said that Yoga is India's contribution to the world and highlighted why Yoga is gaining prominence in recent times. The right kind of food and proper sleep is essential for a healthy life, he elaborated. An interactive session followed in which many children and others clarified their doubts on the subject.
Mr H Kumar, Managing Director, spoke on the occasion and said that now-a - days stress starts from early childhood itself and the accumulated stress leads to illness. We should have control over stress by practicing Yoga he said.


" In meditation we discover our inherent restlessness. Sometimes we get up and leave. Sometimes we sit there but our bodies wiggle and squirm and our minds go far away. This can be so uncomfortable that we feel's it's impossible to stay. Yet this feeling can teach us not just about ourselves but what it is to be human…we really don't want to stay with the nakedness of our present experience. It goes against the grain to stay present. These are the times when only gentleness and a sense of humor can give us the strength to settle down…so whenever we wander off, we gently encourage ourselves to "stay" and settle down. Are we experiencing restlessness? Stay! Are fear and loathing out of control? Stay! Aching knees and throbbing back? Stay! What's for lunch? Stay! I can't stand this another minute! Stay!"
- Pema Chödrön, The Places That Scare You: A Guide to Fearlessness in Difficult Time
s

"Meditation is the dissolution of thoughts in eternal awareness or pure consciousness without objectification, knowing without thinking, merging finitude in infinity."- Voltaire  

IFCI holds talk on holistic yoga and meditation in
IFCI on International Yoga Day - 2017

Thesynergyonline Corporate Bureau

Mr Sanjeev Kaushik), DMD, IFCI Limited along with senior officers and all members on the staff participating in a talk on Holistic Yoga and Meditation

 

NEW DELHI, JUNE 22 :
Mr Sanjeev Kaushik (IAS-KL 92), DMD, IFCI Limited along with Senior Officers and all staff members of IFCI Ltd participated in a talk on Holistic Yoga and Meditation with the support of experienced yoga instructors viz.Mr Avinash Ghasi and Mr Rajeev Dhal from "The Art of Living Organization"on the occasion of International Yoga Day - 2017, organized by IFCI Ltd, at IFCI Tower, New Delhi

"The mind can go in a thousand directions, but on this beautiful path, I walk in peace. With each step, the wind blows. With each step, a flower blooms."
― Thich Nhat Hanh

IndianOil LPG import terminal at Puthuvypeen to
help reduce backlog for refills in Kerala

Will minimise road transport of bulk LPG, improve safety

Thesynergyonline Corporate Bureau

NEW DELHI, JUNE 20 :
Indian Oil Corporation's upcoming LPG import terminal at Puthuvypeen, Kochi, will significantly help reduce the backlog for LPG cylinder supply in Kerala, which is currently at about 15 days. It would also minimise the movement of bulk LPG tankers through the highways of the State.
IndianOil is currently moving bulk LPG from Mangalore to various LPG bottling plants in North Kerala through about 100 bullet trucks every day, which ply on narrow highways. A pipeline connecting the proposed LPG Import Terminal to Kochi Refineries Ltd. and the LPG bottling plants at Udayamperoor, Palakkad, Coimbatore, Erode and Salem would go a long way in reducing congestion on the State highways.


The comprehensive project, comprising the Import Terminal, a multi-user liquid terminal, the Kochi-Salem LPG pipeline and a bulk terminal at Palakkad, is being set up at a cost of Rs. 2,200 crore, out of which about Rs. 670 crore is towards labour cost.

The National Green Tribunal (NGT) had in August 2016 permitted IndianOil to continue with the work. However, a small group of people have been obstructing the work since 16th of February 2017.
The NGT, vide its order of 13th April 2017, has reconfirmed its August 2016 order permitting IndianOil to continue with the work. The Hon'ble High Court of Kerala too had permitted lndianOil last year to carry out the work 24 x 7.

During the NGT hearing of 13.4.2017, the agitators had committed to the Tribunal that they are not obstructing the work nor would they instigate others to obstruct work. IndianOil has been suffering a loss of close to Rs.1 crore per day since the obstruction of work from 16th February 2017.

The project not only has all the necessary approvals in place but is designed to conform to global standards of safety. The IndianOil team has been engaging with all the stake-holders on the safety measures being built into the upcoming terminal, besides the approvals that are in place.


The terminal will store LPG in mounded vessels, which are considered the safest in the industry worldwide. These vessels are made of 45-mm thick boiler quality steel plates and will be buried deep in the sand, surrounded by a 1.25-metre thick reinforced concrete wall.

The terminal is being equipped with automatic fire-protection systems as per the norms of the Oil Industry Safety Directorate (OISD). It is being constructed in the Special Economic Zone notified by the Central Government in 2006 for the specific purpose of setting up industries. The coastal stretch of the project is only 690 metres and hence will not disturb any of the fishing activities.

The LPG Import Terminal is a project of national importance and is crucial for maintaining timely supplies of LPG as cooking gas to millions of homes. It may be noted that the demand for LPG grew at more than 10% last year and is expected to grow at the same levels in future. Moreover, the penetration of LPG as cooking gas in the country has jumped to 72% in 2016-17 and the Government expects it to reach 95% by the year 2022.

Research has shown that use of firewood in the kitchen is equivalent to smoking 400 cigarettes per hour. LPG, being a clean cooking fuel, would help improve the health of millions of women and their family members. Being a faster mode of cooking, it also improves productivity of women in households.

Bengaluru takes a giant leap towards clean energy as City Gas Distribution project takes off

• Project being implemented by GAIL Gas Ltd. at an investment of Rs 6,283 crore
• Project to benefit 106.12 lakh residents
• 24x7 PNG supply to 1.32 lakh households in 5 years
• One CNG station commissioned, 59 more to come up in 5 years
 

Thesynergyonline Corporate Bureau

 

BENGALURU, JUNE 20 : Marking a new chapter in the development of India's IT capital, the Bengaluru City Gas Distribution (CGD) project to supply eco-friendly natural gas to households, industries and transport sector was inaugurated recently by Minister for Parliamentary Affairs and Chemicals & Fertilizers, Govt. of India Mr Ananth Kumar.


Present on the occasion were Minister for Statistics & Programme Implementation, Govt. of India Mr D V Sadananda Gowda and Minister of State (Independent Charge) for Petroleum & Natural Gas, Govt. of India Mr Dharmendra Pradhan.


The Member of Parliament, Bengaluru (Central) Mr P C Mohan, Member of Parliament, Rajya Sabha Mr D Kupendra Reddy and Member of Legislative Assembly, Bommanahalli Mr M Satish Reddy and a host of other noticeables were also present on the occasion.


The Bengaluru CGD project is being implemented by GAIL Gas Limited, a wholly- owned subsidiary of Maharatna company GAIL (India) at an investment of Rs 6,283 crore.

The project will cover 4,395 sq km in urban and rural Bengaluru, broadly covering eight sectors - Nelamangala, Dod Ballapur, Devanahalli, Hosakote, Bengaluru East, Bengaluru North, Bengaluru South and Anekal.

The project will provide economical, environment friendly, uninterrupted, safe and convenient energy to 106.12 lakh residents of Bengaluru by supplying Piped Natural Gas (PNG) for households, industries and commercial units. This will significantly add to people's convenience as there will be no hassles of booking, advance payment, storage, handling of heavy weight cylinders and monitoring of cylinder delivery. Billing will be done once in two months based on consumption.

Moreover, with the setting up of 60 Compressed Natural Gas (CNG) stations, the project will provide cheaper fuel for the transport sector and also facilitate a healthy lifestyle by creating a pollution-free environment.


The inaugural ceremony was marked by a live streaming from a house where a PNG powered burner was lit, followed by another live streaming from a CNG Station of GAIL Gas at Leggere, Prem Nagar, Bengaluru. During the event, GAIL Gas Limited also launched a mobile app that will provide a one-stop solution and a user-friendly platform to customers to view and pay their PNG Bills, locate CNG stations, know about the benefits of CNG, PNG, and get emergency instructions.

Project Status as on date
• 66 Kms of Steel and 452 Kms of MDPE pipeline already laid in Bengaluru
• Domestic PNG connections: Infrastructure laid for approximately 34,500 households out of which 23,300 houses are ready for conversion and approximately 3,000 houses are already using PNG
• CNG station in Laggare commissioned, 3 CNG stations at BMTC bus depots at Sumanahalli, Hennur and Peenya ready for commissioning
• 9 industries connected with Piped Natural Gas including Intel, BOSCH, BHEL, Apotex Pharmachemicals, ADCOCK Ingram Ltd., GARUDA POLYFLEX GTR Aluminium, Exclusive Overseas and Toyota Industries Engine India Ltd.
• 22 Commercial Units connected with PNG

IndianOil successfully rolls out daily
revision of petrol and diesel prices


Thesynergyonline Corporate Bureau

Customers will be able to fetch daily updated prices of petrol and diesel at all cities through IndianOil's mobile app Fuel@IOC.
Customers may cross-check the prices applicable in their cities by sending SMS RSP< SPACE >DEALER CODE to 92249-92249. The Dealer Code of each petrol pump has been prominently displayed in the petrol pump premises
Alternatively, customer can check the prices applicable in their cities by logging on to https://associates.indianoil.co.in/PumpLocator; the link is accessible through www.iocl.com.
In case of any discrepancy, customers can access IndianOil easily as all its petrol pumps prominently display the mobile numbers of Field Officers. Customers can also alternatively call IndianOil's Customer Care at 1800-2333-555 to lodge grievance or can log in to www.iocl.com (under section - We're Listening - on home page) to submit grievances, if any, about daily price revision.
MUMBAI, JUE 16 : IndianOil , India’s largest fuel retailer,  has successfully rolled out daily price revision of  petrol and diesel across the country through its network of 26,000-plus petrol pumps from  06.00 AM Friday morning. Daily revision of petrol and diesel will set new standards of transparency, encourage automation drive of petrol pumps and better stock management practices. It is a win-to-all situation for consumers, industry as well as dealers.

Complimenting the oil  and gas industry for this initiative Mr Dharmendra Pradhan, Minister of Petroleum & Natural Gas (Independent Charge), tweeted, “Proud to share that India is the first country to switch to dynamic fuel pricing on such a large scale at one go.”

After the complete transformation of the LPG sector, dynamic fuel pricing is the first major reform of recent times in fuel retailing sector. With this historic step towards transparency and customer interest, the Indian oil and gas industry has joined the elite league of countries like the USA and Australia wherein fuel prices are revised on a daily basis.

IndianOil is monitoring the daily price revision round-the-clock through 87 control rooms (at 70 Divisional Offices, 16 State Offices and one at its Marketing Head Office, Mumbai) to offer quick redressal of queries  from  the field. IndianOil has accomplished 100% Retail Sales Price (RSP) updation across its entire network of petrol pumps.

“The seamless implementation of Daily Pricing has been possible due to support from our dealers fraternity,” said Mr. BS Canth, Director (Marketing), IndianOil. Since last one month, IndianOil is regularly conducting awareness sessions with dealers on daily price revision. The learnings from pilot implementation of daily price revision in five cities has also ensured closing of all the gaps in the existing system that ensured triumphant implementation of fuel price revision across the country.


For this yet another customer centric initiative, IndianOil has developed various information modes for the customers to check the price being charged by the petrol pumps.

1. Mobile app: Customers will be able to fetch daily updated prices of petrol and diesel at all cities through IndianOil’s mobile app Fuel@IOC.

2. SMS: Customers may cross-check the prices applicable in their cities by sending SMS RSP< SPACE >DEALER CODE to 92249-92249. The Dealer Code of each petrol pump has been prominently displayed in the petrol pump premises.

3. Webpage – www.iocl.com : Alternatively, customer can check the prices applicable in their cities by logging on to https://associates.indianoil.co.in/PumpLocator; the link is accessible through www.iocl.com.

4. Grievance redressal: In case of any discrepancy, customers can access IndianOil easily as all its petrol pumps prominently display the mobile numbers of Field Officers. Customers can also alternatively call IndianOil’s Customer Care at 1800-2333-555 to lodge grievance or can log in to www.iocl.com (under section - We’re Listening - on home page) to submit grievances, if any, about daily price revision.

IOCL Pump Locator

IOC, BPC , HPC sign joint venture agreement
for West Coast Refinery Project


Thesynergyonline Corporate Bureau

NEW DELHI, JUNE 14 : India's emergence as a global refining hub received a big boost with the three downstream PSU oil majors, Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, joining hands to build one of the world's largest integrated Refinery-cum-Petrochemicals complexes in Ratnagiri district of Maharashtra.


The joint venture agreement for the West Coast Refinery Project was signed here on Wednesday in the presence of Mr. Dharmendra Pradhan, Minister of State (Independent Charge), Petroleum & Natural Gas; and Mr KD Tripathi, Secretary, Petroleum; by Mr Sanjiv Singh, Chairman, IndianOil; Mr D Rajkumar, CMD, Bharat Petroleum; and Mr MK Surana, Chairman, Hindustan Petroleum.


The 60 million metric tonnes per annum (MMTPA) west coast refinery-cum-petrochemicals complex will be a state-of-the-art unit built at an estimated cost of US$ 40 Billion, and is expected to be commissioned by the year 2022. It will be a green refinery comprising 50 units designed to operate at the highest level of efficiency, and will be self-sufficient in power and utilities requirements, besides creating a benchmark in environment management.


Designed to produce Euro-VI and above grade transportation fuels, the refinery will have in-built flexibility for processing a wide spectrum of light and heavy crude oil grades, utilising various blending techniques. It will also be able to produce on-demand product mix of petrol and diesel streams, as well as other refined products and petrochemical streams with the highest level of integration and energy efficiency.

The preliminary configuration study of the project is being carried out by M/s. Engineers India Ltd. in association with an international consultant. M/s. IHS has been entrusted with the market study for the chemicals and petrochemicals to be produced at the complex.

The project will be embedded with social responsibility initiatives and a skill development centre, and a smart township with best-in-class services is also being planned.


Apart from the main refinery-cum-petrochemicals complex, the viability of other associated industries in the vicinity of the project is also being examined so that all stakeholders can be involved in the mega project.

IndianOil sets up 24x7 control rooms
to attend dealers' issues

Thesynergyonline Corporate Bureau

MUMBAI , JUNE 14 :
Come June 15, IndianOil will be setting up 87 control rooms pan India for addressing technical glitches / system issues that may be arising at dealer's end. The control room cell at 70 Divisional Offices will be manned by Technical, Operations and Retail Sales officers, while at its 16 State Offices, the control room cell will be manned by Information Systems (IS), Engineering and Retail Sales officer. The apex cell at Marketing Head Office , Mumbai will comprise of officers from IS , Pricing and Retail groups. These control rooms will operate round the clock till the system to establish an appropriate mechanism for Daily Price Revision stabilizes.

Further through its 129 supply locations spread across the country, IndianOil is ensuring that 90% supplies reach Dealer's fuel station within 24 hours. This supply and distribution mechanism ensures that the impact of increasing/decreasing price trends on working capital is minimised.


The daily price revision is an initiative for ensuring the best possible prices to the customers as well as improved transparency in the pricing mechanism.

While petrol pumps will be displaying the daily prices, there are various other ways to check the daily prices. Customers can access IndianOil's mobile app Fuel@IOC for the rates. Alternatively, customers can also check the prices in their cities by sending SMS RSP< SPACE >DEALER CODE to 92249-92249. The Dealer Code of each petrol pump would be prominently displayed in the petrol pump premises.

IndianOil's nearly 450 sales areas have conducted dealer training workshops to ensure that customers do not face any pricing misinformation or glitches.


IndianOil has also re-checked the mobile no. and email data of its 25,000 plus dealers to ensure that timely information on the effective prices at a pre-designated time i.e. 20:00 hrs for the next day, reaches the right person. The dealers will be receiving the updated price via customised SMSs, e-mails , mobile app ad web portal for dealers.


IndianOil has also commenced all India trial run for daily price revision w.e.f June 13, 2017 at all its petrol stations.

"Walls don't fall without effort." - Neal Shusterman, Bruiser

IndianOil steps up efforts to ensure
convenience to dealers and customers


Thesynergyonline Corporate Bureau
Based on proper study already conducted by way of pilot introduction of daily price change in 5 cities the IndianOil website now prominently displays banner 'Locate your nearest IndianOil Petrol Pump and view prices' that gives information about daily prices in the selected city/town/district along with dealer's contact number as well as name of IndianOil Divisional/sales area office under which that dealership comes


IndianOil Chairman, Mr Sanjiv Singh, along with Mr BS Canth, Director(Marketing) also held a videoconference session on daily price change with retail outlet dealers of 11 states, viz., Rajasthan, Punjab, Delhi, Gujarat, Maharashtra, Tamil Nadu, Telangana and Andhra Pradesh, Karnataka, West Bengal and Bihar. They also received firsthand feedback from dealers of five pilot cities where daily pricing implemented from May 1, 2017 is in progress.


The fear of dealers about inventory loss is unwarranted as the change of prices will happen both upwards as well as downwards, and thus both gain and loss would compensate each other. The pilot has been successful in the 5 cities where the price change has been implemented smoothly. Prices are communicated to dealers by 4 modes (customised SMSs, e-mails, mobile app and web portal for dealers). These means of communication are also available to dealers of automated petrol pumps.

Moreover, RSP is also available in various modes for customers, i.e., Webpage (www.iocl.com), SMS as well as Mobile App for Customers (Fuel@IOC). Hence, there is no technical issue with regard to flow of information about daily price change to dealers or customers.


Based on proper study already conducted by way of pilot introduction of daily price change in 5 cities, the IndianOil website now prominently displays banner 'Locate your nearest IndianOil Petrol Pump and view prices' that gives information about daily prices in the selected city/town/district along with dealer's contact number as well as name of IndianOil Divisional/sales area Office under which that dealership comes.


Although daily price revision is effective from midnight, thanks to the advent of technology, the dealer is not required to be present at the retail outlet every day to change the price after 00.00 hrs at midnight. In case of automated ROs, there is a provision for dealers to schedule the price change at 20.00 Hrs for price change to take effect at 00.00 hours.

In case of non-automated ROs, manual change of price has to be done. Retail Outlets operating during the night have already employed manpower. No additional manpower is thus required for the change of price. Changing of RSP in the Dispensing Units (DUs) consumes very less time. Moreover, as the same is effective at 00.00 Hrs midnight when the rush of customers is minimum, inconvenience caused to customers will also be minimised.

IndianOil is holding regular awareness sessions pan-India with dealers to ensure their cooperation for smooth rollout of daily price change and to enable working of the automation system at the Retail Outlet. Out of IndianOil's 109 Retail Outlets in the 5 cities where Daily Pricing was introduced, at 75 per cent of the retail outlets, price change was being done effectively through the automation system.


The pilot implementation in five cities has demonstrated that the Indian market is ready for the change. The study in 5 cities has shown that customers have accepted the DPR in right earnest. Suitable communication is being shared through various media to create customer awareness. Display boards /posters are also being provided to each retail oOutlet for prominent display of the day's price.

"Love the trees until their leaves fall off,
then encourage them to try again next year."

IndianOil initiatives for smooth rollout of
daily price change of petrol and diesel

Thesynergyonline Corporate Bureau
The implementation of daily price change of petrol and diesel
Customers would be able to fetch daily updated prices of petrol and diesel at all cities through IndianOil's mobile app Fuel@IOC. Alternatively, customers may cross-check the prices applicable in their cities by sending SMS RSP DEALER CODE to 92249-92249. The Dealer Code of each petrol pump would be prominently displayed in the petrol pump premises.

The initiative looks at better daily inventory management by both OMCs and the dealers and prevent surges or declines in purchasing pattern at the end of the fortnight depending upon market perception of upcoming increase or decrease in prices. The issue thus raised by Dealers' Associations on inventory losses consequent to reduction in prices and the concerns on retaining large inventory gains during price increase would no longer be relevant. Thus the fortnightly sales distortion and pressure on the marketing infrastructure would be avoided.

 
NEW DELHI, JUNE 12 :
Daily price change of petrol and diesel across India by public sector oil companies, viz.,IndianOil, BPC &HPC, will commence from June 16, 2017 onwards, following the success of a pilot implementation in five cities. The seamless execution of the 40-day pilot project at five cities, viz., Chandigarh, Jamshedpur, Puducherry, Udaipur, and Vishakhapatnam, has reassured all the stakeholders on the efficacy of its implementation.


Apart from reducing volatility, this move will ensure that there is no sudden increase or decrease in domestic selling prices. The benefit of even the smallest changein international oil prices can be passed down the line to the dealers and the end-users. The daily price revision is an initiative for ensuring the best possible prices to the customers as well as improved transparency in the pricing mechanism.

The initiative also looks at better daily inventory management by both OMCs and the dealers and prevent surges or declines in purchasing pattern at the end of the fortnight depending upon market perception of upcoming increase or decrease in prices. The issue thus raised by Dealers' Associations on inventory losses consequent to reduction in prices and the concerns on retaining large inventory gains during price increase would no longer be relevant. Thus the fortnightly sales distortion and pressure on the marketing infrastructure would be avoided.

 

At the non-automated petrol pumps, dealers would get the updated price by way of four distinct means: customised SMSs, e-Mails, mobile app & web portal for dealers. The price revision messages through the above said means will be available to all automated and non-automated dealers.

In fact, except for the reduction of the periodicity of price revision from once in 15 days to every day, the system of price revision remains the same. Dealers will ensure price updation at their fuel stations before start of sale every day. Updated prices will be immediately exhibited at all petrol pumps for information of the public.

Customers would be able to fetch daily updated prices of petrol and diesel at all cities through IndianOil's mobile app Fuel@IOC. Alternatively, customers may cross-check the prices applicable in their cities by sending SMS RSP<SPACE>DEALER CODE to 92249-92249. The Dealer Code of each petrol pump would be prominently displayed in the petrol pump premises.

IndianOil puts in place a blueprint for smooth rollout of daily price change from June 16

Thesynergyonline Corporate Bureau

Blueprint for smooth rollout of daily oil price change

"Innovation is one of IndianOil's core values as evidenced by our continued investment in our R&D and engineering teams," said Mr. Sanjiv Singh, Chairman IndianOil. "Innovation helps us learn and grow and this project at the Panipat Refinery enables us to continue to move forward with our commitment to build a strong sustainable business that demonstrates concern for society and the environment. The biofuels we will be able to produce will support the requirements for motor spirit blends set by the Government of India while enabling IndianOil to add value while reducing its emissions."
Blueprint for smooth rollout of daily oil price change  


 NEW DELHI, JUNE 10: Daily price change of petrol and diesel across India by public sector oil companies viz IndianOil, BPC andHPC will commence from June 16, 2017 onwards following the success of a pilot implementation in five cities. 

This move will ensure that the benefit of even the smallest change in international oil prices can be passed down the line to the dealers and the end users.

The seamless execution of the 40 day pilot at 5 cities viz Chandigarh, Jamshedpur, Puducherry, Udaipur, and Vishakhapatnam has reassured all stakeholders on the efficacy of its implementation.

Extensive training of dealers will be held to ensure that customers do not face any pricing misinformation or glitches.  All the 26,000 + IndianOil dealers will be given timely information on the effective prices at a pre-designated time – say 20:00 hrs for the next day.

At a large number of IndianOil’s 10,000 automated fuel stations, daily price can be automatically updated centrally, besides technology also provides to schedule the price change at 00:00 hours. At the non-automated petrol pumps, dealers would get the updated price by way of 4 distinct means: customized SMSs, e-Mails, mobile app  and web portal for dealers. These means of communication are also available to dealers of automated petrol pumps.

 Dealers have been carrying out price changes regularly. Similarly even now, the same system would continue, but on daily basis.  

Dealers will ensure price update at their fuel stations before start of sale, every day. Updated prices will be immediately exhibited at all petrol pumps for information of the public.

 For their  convenience and assurance customers would be able to fetch daily updated prices of petrol and diesel at all cities through IndianOil’s mobile app - Fuel@IOC.  Alternatively, customers may cross-check the prices applicable in their cities by sending SMS RSP<SPACE>DEALER CODE to 92249-92249. Dealer Code of each Petrol Pump would be prominently displayed at the petrol pump premises.

 The daily price revision is an initiative for ensuring the best possible prices to the customers as well as improved transparency on the pricing mechanism.

Daily revision in retail selling prices of petrol
and diesel across India from June 16 , 2017

Thesynergyonline Corporate Bureau 

NEW DELHI, JUNE 08 :
Public sector oil marketing companies (OMCs) namely, Indian Oil Corporation Ltd (IndianOil)., Hindustan Petroleum Corporation Ltd (HPCL). and Bharat Petroleum Corporation Ltd (BPCL) had implemented daily revision of retail selling prices (RSP) of petrol and diesel on pilot basis in Udaipur, Jamshedpur, Puducherry, Chandigarh and Vishakhapatnam with effect from May 1 , 2017. After its successful implementation, public sector OMCs have now decided to start daily revision in RSP of petrol and diesel in the entire country with effect from June 16 , 2017.


Daily price revisions of petrol and diesel will make the retail prices more reflective of the current market conditions, minimising the volatility in the RSP of petrol and diesel.


Further, it will lead to increased transparency in the system. This will also enable smoother flow of products from refinery/depots to Retail Outlets. Many developed countries are already revising the prices of Petrol and Diesel on a daily basis.


Public sector OMCs are taking steps to establish an appropriate mechanism for conveying the prices to consumers every day including daily publishing of the prices in newspaper on a daily basis, prominent displays of prices at the retail outlets, sending of price-related data/SMS from the centralized locations, mobile apps etc.

When we want meaningful use of experience, we go to the storyteller.

Sanjiv Singh takes over
as Chairman of IndianOil

Thesynergyonline Corporate Bureau

NEW DELHI, JUNE 01 : Mr Sanjiv Singh has taken over as Chairman of Indian Oil Corporation (IndianOil) with effect from June 01, 2017. Prior to his elevation he was Director (Refineries) on the IndianOil Board since July 2014. Concurrently, he will also be Chairman of Chennai Petroleum Corporation Ltd. (CPCL) and Hindustan Urvarak and Rasayan Ltd. (HURL), joint venture company, set up to revive the fertiliser plants at Gorakhpur, Sindri and Barauni.

A chemical engineer from IIT-Roorkee with a Diploma in Management, Mr Sanjiv Singh joined IndianOil in 1981. He has served IndianOil for over 35 years, spearheading refinery operations as well as mega greenfield and brownfield projects in refining and petrochemicals. With extensive experience in the refining sector Mr Sanjiv Singh played a key role in the setting up, commissioning and stabilisation of two of IndianOil's biggest greenfield refineries at Panipat and Paradip. The commissioning of IndianOil's 11th refinery at Paradip in early 2016, with a capex of Rs. 34,555 crore, is his benchmark contribution to the Indian refining sector. Mr. Singh has also steered the successful implementation of the petrochemical projects of Paraxylene/PTA and Naphtha Cracker with downstream units at Panipat Refinery.

As Director (Refineries) of IndianOil, Mr. Singh has endeavoured to improve the operation of IndianOil's 11 refineries by revamping, debottlenecking and modernisation of process units, together with yield and profitability improvement projects, besides undertaking low-cost capacity expansions. He focussed on innovative technologies to create indigenous capability in the field of technology, while enhancing the Company's profitability. He strongly supports commercialisation of indigenous technologies and has led many such 'firsts' in IndianOil refineries like Octamax (for production of high-octane fuel); indJet (production of aviation fuel); inDSK (reduction of sulphur in kerosene); and indeSelect (gasoline desulphurisation), among several others.

Mr Singh has been a driving force in conceptualising India's mammoth 60 million tonnes per annum refinery being set-up on the West coast of India, which will transform the refining landscape of India. Playing a leadership role in the energy sector, he is partnering India's vision of emerging as a 'refining hub' in South Asia. A champion of clean and green fuels, Mr. Singh ensured on-schedule rollout of BS-IV fuels across the country in April 2017 and has now set a frenetic pace for IndianOil refineries to meet the tough deadline of introducing BS-VI grade green fuels in the country by April 2020.

A staunch advocate of minimum gestation time from concept-to-commissioning, under his stewardship approx. Rs.40,000 crore worth of projects shall be in various stages of implementation in the Corporation, including capex of nearly Rs. 15,000 crore in Refineries Division, in the coming three years. Well-known for his technological prowess, innovative ideas, business acumen and people-centric leadership, he has empowered IndianOil teams to perform and deliver exceptional results through positive engagement and a shared vision. Mr. Sanjiv Singh shares his rich experience and expertise in the field as a member of several industry associations and Government bodies. Academically inclined, Mr. Singh is widely travelled in India and abroad and has presented papers in several important national and international forums.

IndianOil revises selling prices of petrol, diesel


Thesynergyonline Corporate Bureau 


NEW DELHI, MAY 31:
Indian Oil Corporation Ltd (IndianOil) . has decided to effect the following price changes from midnight of May 31 / June 1, 2017

• Increase in selling price of petrol by Re 1.23/litre (excluding State levies)
• Increase in selling price of diesel by Re 0.89/litre (excluding State levies)

The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision.


The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.

IndianOil net profit up 70 % at Rs 19,106 crore

Pays 10 % final dividend


Thesynergyonline Corporate Bureau
Mr B Ashok, Chairman, IndianOil outlining achievements across IndianOil's key performance parameters in his address to the media at the corporation's annual press conference


NEW DELHI, MAY 25 :
State-owned IndianOil posted a net profit of Rs. 19,106 crore for the financial year 2016-17 as compared to a profit of Rs.11,242 crore in the last fiscal, jump of 70 per cent. The income from operations for the financial year 2016-17 was Rs. 4,45,373 crore as compared to Rs. 4,06,828 crore in 2015-16, informed Mr B Ashok , Chairman , IndianOil at an annual media conference in New Delhi on Thursday .


The company's income from operations was Rs.1,22,285 crore in Q4 FY 16-17 as compared to Rs 98,719 crore in the corresponding quarter of 2015-16. The profit for the last quarter of 2016-17 is Rs. 3,721 crore as compared to Rs. 2,006 crore in the corresponding quarter of 2015-16.


The board of directors recommended a final dividend of 10 per cent (Re 1 per share). This is in addition to interim dividend of 180 per cent (Rs 18.00 per share) paid in the year.


IndianOil Chairman, Mr B. Ashok, said, "IndianOil sold 83.490 million tonnes of products, including exports, during 2016-17. Our refining throughput for FY 2016-17 was 65.191 million tonnes and the throughput of the Corporation's countrywide pipelines network was 82.490 million tonnes during the same period.

The gross refining margin (GRM) during the year 2016-17 was US$ 7.77 per bbl as compared to US$ 5.06 per bbl in 2015-16.


For the last quarter of 2016-17, IndianOil's product sales volumes, including exports, was 21.100 million tonnes.

The company's refining throughput was 17.087 million tonnes in Q4 FY 16-17 and the throughput of the Corporation's countrywide pipelines network was 19.843 million tonnes during the same period. The gross refining margin (GRM) for the last quarter of 2016-17 was US$ 8.95 per bbl as compared to US$ 2.99 per bbl in the corresponding quarter of 2015-16.

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According to IndianOil Chairman, Mr. B Ashok, IndianOil sold 83.49 million tonnes of products, including POL, gas, petrochemicals, explosives and exports, during 2016-17; its refineries achieved a throughput of 65.2 million tonnes; and the cross-country network of pipelines registered a record throughput of 81.8 million tonnes.

GAIL's PAT up 57 % in FY 2016-17
y-o-y ; touches Rs 3,503 cr


Thesynergyonline Corporate Bureau

 

 
NEW DELHI, MAY 22 : GAIL (India) registered a 57 per cent rise in profit after tax (PAT) for the Financial Year 2016-17 with the PAT increasing to Rs 3,503 crore from Rs 2,226 crore in the last fiscal.

The rise in profit was boosted largely by a turnaround in the company's petrochemical business, increase in profits from gas transmission business

and partial sale of stake in Mahanagar Gas Limited (MGL), despite lower price realisation in polymer and liquid hydrocarbons. These results are after considering impairment of investment in Ratnagairi Gas and Power Pvt. Ltd. (RGPPL) in the 4th quarter of FY 2016-17 for Rs.783 crore.

GAIL's PAT excluding non-operating one offs (i.e. gain from stake sale in MGL and impairment of Investments in RGPPL) is Rs 3,797 crore, an increase of 71 per cent year-on-year (y-o- y).

The board has proposed a final total dividend of Rs 2.70 per share (subject to approval of shareholders) making the total dividend for the year Rs. 1,535 crore, up by 120 per cent as compared to FY 2015-16.

The earning per share is also up by 57 per cent to Rs. 20.71 per share on increased paid-up equity. During FY 16-17, GAIL also issued bonus share in ratio of one bonus share for every three equity shares held.

The company registered growth in physical performance in FY 2016-17 in all segments on year-on-year basis. Sale of petrochemicals was up by 73 per cent, natural gas marketing and transmission volumes rose by 10 per cent and 9 per cent respectively, LPG transmission volume was up by 19 per cent while liquid hydrocarbon sales went up by 2 per cent.


On quarterly basis, GAIL's PAT in the 4th quarter of FY 2016-17 decreased by 69 per cent to Rs 260 crore from Rs 832 crore in the corresponding period of the last fiscal due to accounting of impairment of investments in RGPPL for Rs 783 crore.

The quarterly profit without the impact of the above impairment is Rs 1,043 crore, which is higher by 25 per cent on y-o- y basis.

During the quarter, the company registered growth in physical performance in all segments as compared to corresponding period of the previous year with petrochemicals sales up by 59 per cent, natural gas marketing and transmission volumes up by 11 per cent and 6 per cent respectively, LPG Transmission volumes increasing by 22 per cent and liquid hydrocarbon sales rising by 6 per cent.

GAIL's PAT in the fourth quarter of FY 2016-17 rose by 6 per cent vis-à-vis the third quarter (excluding impairment of Investments in RGPPL) of current financial year, from Rs. 983 crore to Rs 1,043 crore.

During the year 2016-17 as per consolidated financial statements, the total group sales (Gross) stood at Rs. 49,237 crore and the Group PAT was Rs. 3,374 crore. CGD group companies (IGL, MGL, GAIL GAS) and PLL have continued to add to the group profit.

However, ONGC Petro Additions Ltd and Brahmaputra Cracker and Polymer Ltd., being in their first year of operation and under stabilisation did not positively contribute to the Group bottom line. Taking together the impact, EPS as per consolidated statement was Rs. 19.91 per share as against Rs. 11.05 per share in the previous year.

"The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble." - Ludwig von Mises, Planning for Freedom, and Sixteen Other Essays
 

ONGC Tripura Power net profit up 906 %
at Rs 130.45 crore in FY'17

Thesynergyonline Corporate Bureau

"No profit grows where is no pleasure ta'en. In brief, sir, study what you most affect."- William Shakespeare, The Taming of the Shrew

"You have to work on the business first before it works for you." - Idowu Koyenikan, Wealth for All: Living a Life of Success at the Edge of Your Ability

"No profit grows where is no pleasure ta'en. In brief, sir, study what you most affect." - William Shakespeare, The Taming of the Shrew

"It's good to have a special price to pay for the future and it will pay you in return, in the exact way you would wish to be paid."

NEW DELHI, MAY 18 :
ONGC Tripura Power Company (OTPC – joint venture company of ONGC, IL&FS, IDFC and Govt of Tripura), has declared maiden dividend of 7.5 per cent of paid-up equity share capital of Rs.1120 crore amounting to Rs. 84 Crore for FY 16-17, within two years of commencement of full operation of Palatana Power Project. With this, OTPC becomes the first dividend paying standalone gas based power generation company in India .

The company achieved highest ever gross generation of 4170 MUs during FY 16-17 which surpasses previous annual best of 3481 MUs in FY 15-16.

The power company has achieved encouraging performance on financial parameters also in FY 16-17. The company has achieved a turnover of Rs 1297.89 crore in FY 16-17, up 18 per cent from Rs 1099.42 Crore in FY 15-16.

The company registered a net profit after tax (PAT) of Rs.130.45 crore in FY 16-17, up 906 per cent as compared to Rs 12.96 crore in the previous year, after providing for Interest of Rs 246.48 crore (Rs.278.36 crore in FY 15-16), depreciation of Rs 191.34 crore (Rs.201.46 crore in FY 15-16) and tax liability of Rs 28.72 crore (Rs 0.25 lakh in FY 15-16).

OTPC is registered as a CDM project and 1.7 million Carbon Emission Reduction (CER) certificates have been issued by UNFCCC.


OTPC is operating a 726 mw gas based combined cycle power plant at Palatana in Tripura which is the largest in North-Eastern region of India. The power utility plays a major role in meeting the power needs of the North Eastern Region contributing to its economic and social development by meeting around 35 per cent power requirement of North Eastern States.

MRPL PAT up 218 % at Rs 3, 644 crore in FY'17 ; pays 60 % dividend


Thesynergyonline Corporate Bureau

MRPL results

The company has posted highest ever profit after tax (PAT) for Q4 FY 2016-17 of Rs 1,942 crore (after considering Rs 170 crore as depreciation, Rs 122 crore as Interest Cost, Net Foreign Exchange gain of Rs 305 crore), as against PAT of Rs 1362 crore for Q4 FY 2015-16. However, the throughput of 4.23 mmt for the Q4 FY 2016-17 is marginally lower as against 4.52 mmt in Q4 FY 2015-16 on account of shutdown of one of the primary unit for 5 days in the quarter.
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NEW DELHI, MAY 17 : Mangalore Refinery and Petrochemicals Limited,(MRPL) , subsidiary Company of Oil and Natural  Gas Corporation (ONGC)  posted highest ever profit after tax (PAT) of  Rs  3,644 crore in the fiscal 2016-17 -(after considering Rs 678 crore as depreciation, Rs  517 crore as interest cost, net foreign exchange loss of  Rs  59 crore), as against profit after tax  (PAT)  of Rs 1,147 crore  in FY 2015-16, rise of 218 per cent.


The company registered profit before tax (PBT) of  Rs  5,531 crore in the fiscal 2016-17 as  Rs 1, 158 crore in the fiscal 2015-16 , rise of 378 per cent.The exceptional income of Rs 1,597 crore  considered in arriving the PAT  in FY16-17 was on account of exchange rate variation gain arising out of settlement of trade payables.


MRPL has achieved  highest ever PBT of  Rs 2,897  crore  in Q4 FY 2016-17.
The company has posted profit after tax (PAT) of Rs 1,942 crore in the fourth quarter of 2016 – 17 as against Rs 1,362 crore in the Q4 of 1015-16, up 43 per cent.  

 
It has posted  turnover of  Rs  18,100 crore for the fourth quarter of FY 2016-17 which shows an increase of 34 per cent as compared to Rs 13,477  crore in the corresponding quarter of FY 2015-16. This is mainly on account of increase in the product prices as compared to the corresponding quarter.
 The Company has achieved highest ever throughput of 16.27  mmtfor the FY 2016-17 as against 15.69 mmt in the last FY 2015-16.


The company has achieved a turnover of  Rs 59,415 crore (exports Rs 14,457 crore) in FY 2016-17 as against Rs 50,864 crore (exports Rs  12,616 crore) in the FY 2015-16 (overall increase by 17 per cent and exports by 15 per cent).


The increase in turnover is on account of increase in throughput and also due to increase in product prices.

The company has posted highest ever profit after tax (PAT) for Q4 FY 2016-17 of  Rs 1,942 crore (after considering  Rs 170 crore as Depreciation, ` 122 Crore as Interest Cost, Net Foreign Exchange gain of ` 305 Crore), as against PAT of Rs 1362 crore for Q4 FY 2015-16. However, the throughput of 4.23 mmwt for the Q4 FY 2016-17 is marginally lower as against 4.52 mmt in Q4 FY 2015-16 on account of shutdown of one of the primary unit for 5 days in the quarter.


The company has achieved Turnover of  Rs 18,100 crore (exports  Rs 3,913 crore) for the Q4 FY 2016-17 as against Rs 13,477  crore (exports  Rs  3,375 crore) in the corresponding quarter of FY 2015-16 (overall increase by 34 per cent). 


The increase is mainly on account of increase in the product prices during the current quarter as compared to the corresponding quarter. Further, the percentage of dispatches for export sales to total sales has decreased on account of more domestic off take.


The company has recommended dividend @ 60 per cent (i.e. ` 6 per share) amounting to Rs 1,051.56 crore.


The company has increased its strong market presence by way of direct marketing of its products Petcoke, Sulphur and Polypropylene. The company is increasing the product grades of Polypropylene to enhance Polypropylene market share and thereby fetch higher margins.

"Today's digital organizations simply just can't stand still. Bridging the 'gap of opportunity' between where you are and want to become is a welcomed challenge."
― Pearl Zhu, Digital Gaps: Bridging Multiple Gaps to Run Cohesive Digital Business

Latched on to digitalization IndianOil to build digital platform to boost customer experience

Thesynergyonline Corporate Bureau

 


NEW DELHI, MAY 11 : "The industrial-based enterprise of the 20th century had run out of gas, and the digital enterprise of the 21st century has the new characteristics and DNA of innovation."
― Pearl Zhu, It Innovation: Reinvent It for the Digital Age


Indian Oil Corporation Limited (IndianOil) has launched an ambitious digital platform to dramatically enhance the quality of customers' experience. Titled 'EPIC' (E-Platform for IndianOil Customers), the transformational IT project was launched by Mr B Ashok, Chairman, IndianOil, in the presence of Mr AK Sharma, Director (Finance); Mr Anish Aggarwal, Director (Pipelines), IndianOil; Mr Francois Lancon, Senior VP (Asia Pacific), Oracle Corporation; Mr. Karan Bajwa, MD, IBM India; and other senior officials from IndianOil, Oracle and IBM India.

"Bridging innovation gaps is a strategic imperative for business execution."
― Pearl Zhu, Digital Gaps: Bridging Multiple Gaps to Run Cohesive Digital Business

One of the biggest IT projects globally in terms of its scale and size, this project will facilitate a superior customer experience through better backend integration between IndianOil and its countrywide reseller network. Leveraging cutting-edge technology currently available worldwide in this area, this project will give IndianOil the first-mover advantage. It envisages creating a 360-degree view of IndianOil's customers, integrating & customising marketing efforts across productlines, swifter response to customer service requests, including grievances, and presenting a unified customer experience across various access devices such as mobile phones, tablets and desktops.

Speaking on the occasion, Mr. Ashok invoked the message of Mahatma Gandhi on the supremacy of the customer to any business. He said that the impact of Project 'EPIC' would transcend generations of IOCians. It would deepen IndianOil's engagement with millions of its customers and ensure that the Company continues to be India's preferred fuel retailer.

"The success of strategy management undoubtedly lies in the "timely execution." - Pearl Zhu, CIO Master: Unleash the Digital Potential of It [-]
"IT is a holistic "digital brain" of the organization." - Pearl Zhu, Digital Master: Debunk the Myths of Enterprise Digital Maturity
 

"Women with clean houses do not have finished books." - Joy Held  

UClean and Alliance Laundry Systems
USA join hands for a strategic tieup

Thesynergyonline Corporate Bureau

"I am clumsy, drop glasses and get drunk on Monday afternoons. I read Seneca and can recite Shakespeare by heart, but I mess up the laundry, don't answer my phone and blame the world when something goes wrong. I think I have a dream, but most of the days I'm still sleeping. The grass is cut. It smells like strawberries. Today I finished four books and cleaned my drawers. Do you believe in a God? Can I tell you about Icarus? How he flew too close to the sun? I want to make coming home your favourite part of the day. I want to leave tiny little words lingering in your mind, on nights when you're far away and can't sleep. I want to make everything around us beautiful; make small things mean a little more. Make you feel a little more. A little better, a little lighter. The coffee is warm, this cup is yours. I want to be someone you can't live without. I want to be someone you can't live without." - Charlotte Eriksson

NEW DELHI, MAY 10 : UClean- India's digitally enabled laundry and home cleaning services chain, has announced a strategic association with Alliance Laundry Systems, U.S.A.- manufacturer of commercial laundry equipment in the world. All the laundry equipment across all UClean stores in India would be supplied by Alliance Laundry Systems. Given that UClean has plans to develop about 300 to 350 stores on a pan India basis over the next 3 years, this would see Alliance Laundry Systems supplying equipment worth about Rs 35 crore to UClean over the next 3 years.


In addition to supplying the equipment, Alliance is also investing their time and efforts in training the UClean team on the nuances of laundry operations and handholding them during the initial teething period.


UClean, with its tremendous experience in franchising and the strong focus on developing a cleaning ecosystem, will help Alliance in developing the Laundromat culture in India. Alliance Laundry Systems is investing their resources in sales and after-sales support system in the country to help credible partners like UClean.
Alliance Laundry Systems is a worldwide industry leader which is helping customers around the globe to find higher profits and success through high-quality laundry solutions. With an objective to see growth opportunities in the laundry segment in India, Alliance and UClean have join hands and working together to usher the "Laundry revolution" in India.


Talking about the association Arunabh Sinha, Founder & CEO -UClean said, "We are excited about the huge opportunity that the laundry segment presents in the country. Laundry has existed since the very beginning of time. Unfortunately, the processes and systems used by most laundry operators in India are carried over from the ancient times. Alliance Laundry Systems are the most advanced laundry manufacturing company in the world and hence this partnership would help us build systems that are advanced, efficient and quality focused. Together, we are looking forward to change the way laundry is done in the country." 

Neil Ghadi, Country Head India,Nepal and Bhutan for Alliance Laundry Systems, said, "Alliance Laundry Systems is extremely optimistic and positive on its association with UClean and entry to India. The culture of Laundromats is starting to take roots in India and the conventional players "Dhobis" in India are also moving to sophisticated washing machines to provide best quality service and optimize their time. Alliance Laundry Systems sees growth opportunities in this segment in India and for customers who want to participate in it."

'UClean', India's first organized chain of tech-enabled laundry and home cleaning store was founded by Arunabh Sinha in October 2016. It helps in making laundry convenient, non cumbersome and time saving. The main focus of UClean is to foster the DIY (Do It Yourself) culture across India. With technology at the heart of the brand, UClean also enables the time crunched customer to avail pick-n- drop service from the comforts of his home or office. To make it more convenient for their customers, UClean has several options from scheduled bookings at app, website, store or call centre to anytime walk-ins at the store.

At present, UClean has brick and mortar units at Sushant Lok Phase 1, Gurgaon, Vasant Kunj- New Delhi, Noida Sector 29 and will soon be expanding to DLF Cyber City, Sohna Road, Hitec City- Hyderabad, Magarpatta City- Pune and Senapati Bapat Road- Pune.

GAIL awards pipeline laying work
contracts for another 131 km in Kerala

75 % of Kochi – Koottanad – Mangaluru pipeline now in construction phase

Thesynergyonline Corporate Bureau

Pipeline works

Construction works from both the ends of the Kochi – Koottanad – Mangaluru pipeline i.e., in the 91 km Kochi – Koottanad Section as well as in the 105 Km Perole (Kasargod) – Mangaluru Section are already in full swing. With thes award of contracts over 75 per cent of the Kochi – Koottanad – Mangaluru pipeline will be in the construction phase.
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NEW DELHI, MAY 01: Carrying forward the momentum for natural gas pipeline works in Kerala, GAIL (India) has awarded contracts for pipeline laying works of the Kochi – Koottanad – Mangaluru pipeline for another 131 km section from Areacode (Malappuram) to Kurumathoor (Kanoor) at a cost of about. Rs 200 crore. The balance 111 km stretch in Malappuram, Kannur and Kasargod districts will be awarded by July 2017.

Construction works from both the ends of the Kochi – Koottanad – Mangaluru pipeline i.e., in the 91 km Kochi – Koottanad Section as well as in the 105 Km Perole (Kasargod) – Mangaluru Section are already in full swing. With the award of contracts over 75 per cent of the Kochi – Koottanad – Mangaluru pipeline will be in the construction phase.

GAIL has been able to make substantial progress in acquisition of Right of User due to the continued support of the State Government, Administration, Police and the public at large. The Kochi – Koottanad – Mangaluru Pipeline is likely to give a major economic boost to the state of Kerala by way of environmentally benign industrial development.

GAIL is targeting to complete the entire Kochi – Koottanad – Mangaluru Pipeline by December 2018.

IndianOil increases petrol, diesel prices


Thesynergyonline Corporate Bureau


NEW DELHI, APRIL 30 : Indian Oil Corporation Ltd (IndianOil) . has decided to effect the following price changes from midnight of April 30 / May 1, 2017


• Increase in Selling Price of Petrol by Rs. 0.01/litre (excluding State levies)
• Increase in Selling Price of Diesel by Rs. 0.44/litre (excluding State levies)


The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant increase in selling price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision.


The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.


In addition to this, daily revision of prices of Petrol and Diesel is being implemented on pilot basis, in the cities of Chandigarh, Jamshedpur, Puducherry District, Udaipur and Vizag w.e.f 1st May 2017.

Petrol and diesel in Chandigarh, Jamshedpur, Puducherry District, Udaipur and Vizag

from May 01, 2017

ONGC makes 23 new discoveries in FY'17,
35% jump in number of discoveries y-o-y


Thesynergyonline Corporate Bureau

NEW DELHI, APRIL 30: ONGC made 23 new discoveries in FY'17, a 35 per cent jump in number of discoveries year-on-year, from 17 discoveries made last year.


Of the 23 new discoveries, 12 are new prospects (a prospect is considered to be a new area having hydrocarbon accumulation, covering a minimum viable size of subsurface area) while 11 are new pools (a pool is a hydrocarbon accumulation in a known area in a new horizon). 13 new discoveries were made in onland (Nominaton-12, NELP-1) and 10 in offshore wells. (Nomination-7, NELP- 3)

A total of 100 exploratory wells were drilled which is higher by 9% as compared to 92 wells drilled in the previous year 2015-16. Of these, 37 wells proved hydrocarbon bearing registering success ratio of 37 per cent

"He will unfailingly be pleased with our patience and take note of our diligence and perseverance." ? Francis de Sales

96 out of 100 students under GAIL Utkarsh
CSR initiative cleared IIT JEE


Thesynergyonline Corporate Bureau
DIALOGUE : "Gardens are not made by singing 'Oh, how beautiful!' and sitting in the shade." - Rudyard Kipling, Complete Verse
"It is hard work to control the workings of inclination and turn the bent of nature; but that it may be done, I know from experience. God has given us, in a measure, the power to make our own fate: and when our energies seem to demand a sustenance they cannot get--when our will strains after a path we may not follow--we need neither starve from inanition, not stand still in despair: we have but to seek another nourishment for the mind, as strong as the forbidden fruit it longed to taste--and perhaps purer; and to hew out for the adventurous foot a road as direct and broad as the one Fortune has blocked up against us, if rougher than it." - Charlotte Brontë, Jane Eyre
"I mean a man whose hopes and aims may sometimes lie (as most men's sometimes do, I dare say) above the ordinary level, but to whom the ordinary level will be high enough after all if it should prove to be a way of usefulness and good service leading to no other. All generous spirits are ambitious, I suppose, but the ambition that calmly trusts itself to such a road, instead of spasmodically trying to fly over it, is of the kind I care for." - Charles Dickens, Bleak House
 

NEW DELHI, APRIL 30 : The gospel of the kingdom talks about diligence."
― Sunday Adelaja

So ninetysix out of 100 students under GAIL Utkarsh CSR initiative cleared IIT JEE this year. Mr B C Tripathi, CMD, GAIL & Mr P K Gupta, Director (HR) congratulated the students on their achievement.


Under GAIL's Utkarsh Super 100, traning is offered free of cost to ensure that poor, meritorious students, selected through a diligent process of written test and interview. The scheme was launched in 2009. GAIL's Utkarsh Super 100 has a success rate of over 87 per cent and is delivering good results year after year and intends to continue nurturing talent from the weaker sections of the society.


GAIL UTKARSH SUPER 100 is a residential program that spans over 11 months and aims at coaching the meritorious students from unprivileged sections of the society. The selected students are provided with FREE FOOD, ACCOMMODATION AND COACHING for the period of eleven months starting from JULY to MAY. With this facility, the students get an environment where they are free of any tensions and worries which could cause them distraction. Apart from imparting the knowledge of Physics, Chemistry and Mathematics through highly qualified faculty, often from IIT background, we make our students understand and adopt the art of peer learning. This is what gives them an edge over the lakhs of aspirants preparing for IIT-JEE all over India. The students help each other in understanding what they are best at. This develops in them a wider perspective and an ability to think as nothing seems impossible or difficult. Together they aim for the same goal of making it to IIT.

GAIL India has provided scholarship to all the students who have secured seats in the engineering colleges through the "GAIL Charitable & Educational Trust". Students received Rs. 24000/- annually to help them meet their academics fees etc.

"Experience is not worth the getting. It's not a thing that happens pleasantly to a passive you--it's a wall that an active you runs up against."
― F. Scott Fitzgerald, The Beautiful and Damned

Rajeev Kushwah takes
charge as CVO, MRPL


Thesynergyonline Corporate Bureau


MANGALURU, APRIL 17 :
"In the business people with expertise, experience and evidence will make more profitable decisions than people with instinct, intuition and imagination."

Rajeev Kushwah, ITS, having 18 years of rich experience in telecom sector, has taken charge as the Chief Vigilance Officer (CVO) of Mangalore Refinery and Petrochemicals Limited (MRPL) recently

"Professionals never guess—they make it their business to know their business."
― Michelle Moore, Selling Simplified

He is an ITS officer of 1997 batch. He is an Electrical Engineering graduate with post graduation in Industrial Engineering from NITIE, Mumbai.

He is having 18 years of rich experience in telecom sector. He played a vital role in planning of transmission network for western India for the roll out of Broadband and Mobile services. In 2006, he was awarded with "Sanchar Seva Padak".

In his previous assignment, he was working as Director (Telecom Enforcement, Resources &Monitoring) with Department of Telecom. He played a crucial role in curbing illegal activitiesin Telecom sector, and to control clandestine operation of telecom networks. He was instrumental in planning, installation and commissioning of Centralized Monitoring System at Ahmedabad, for entire Gujarat License service area.

"Strange, strange are the dynamics of oil and the ways of oilmen." - Thomas Pynchon, Gravity's Rainbow
"The ribboned gallons that rule us like beliefs rooted in single experiences." - Cameron Conaway, Bonemeal
"There is earth below your earth, a deep room where gas and oil, rock and stone, circulate like slow blood through a body." - Mathew Henderson, The Lease
"If it's not one god it's another. Allah or oil. Jesus or Jewels. Lenin or lust." - Victor Robert Lee, Performance Anomalies

IndianOil revises upward diesel andpetrol prices

Increase in selling price of petrol by Rs 1.39/litre (excluding State levies)
Increase in selling price of diesel by Rs 1.04/litre (excluding State levies)
 

 

Thesynergyonline Corporate Bureau


NEW DELHI, APRIL 15 :
Indian Oil Corporation Ltd IndianOil) . has decided to effect the following price changes from midnight of April 15 / 16, 2017 :

• Increase in selling price of petrol by Rs. 1.39/litre (excluding State levies)
• Increase in selling price of diesel by Rs. 1.04/litre (excluding State levies)


The current level of international product prices of peetrol and diesel and INR-US$ exchange rate warrants increase in selling price of Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision.

The movement of prices in the international oil market and INR-US$ exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.


Also, IOCL intends to shortly start daily changes in price of Petrol and Diesel based on movement of prices in international market, on pilot basis, in the cities of Udaipur, Jamshedpur, Pondicherry,Chandigarh and Vizag

"Strange, strange are the dynamics of oil and the ways of oilmen." - Thomas Pynchon, Gravity's Rainbow
"The ribboned gallons that rule us like beliefs rooted in single experiences." - Cameron Conaway, Bonemeal
"There is earth below your earth, a deep room where gas and oil, rock and stone, circulate like slow blood through a body." - Mathew Henderson, The Lease
"If it's not one god it's another. Allah or oil. Jesus or Jewels. Lenin or lust." - Victor Robert Lee, Performance Anomalies
"There is earth below your earth, a deep room where gas and oil, rock and stone, circulate like slow blood through a body." - Mathew Henderson, The Lease

"Cultivation of mind should be the ultimate aim of human existence." -B R Ambedkar

MRPL celebrates Ambedkar Jayanti

Thesynergyonline Corporate Bureau
Mr H Kumar, Managing Director, MRPL unveiling a bust of Babasaheb Ambedkar in the Administration building 
Lost rights are never regained...
"Lost rights are never regained by appeals to the conscience of the usurpers, but by relentless struggle.... Goats are used for sacrificial offerings and not lions." - B.R. Ambedkar, Writings And Speeches: A Ready Reference Manual
Dogma of Mill
"Every man who repeats the dogma of Mill that one country is no fit to rule another country must admit that one class is not fit to rule another class."
"We must stand on our own feet ..."
. "We must stand on our own feet and fight as best as we can for our rights. So carry on your agitation and organize your forces. Power and prestige will come to you through struggle"
Progress of community
"I measure the progress of a community by the degree of progress which women have achieved."
Men are mortal
"Men are mortal. So are ideas. An idea needs propagation as much as a plant needs watering. Otherwise both will wither and die."
Cultivation of mind
"Cultivation of mind should be the ultimate aim of human existence".
History shows...
"History shows that where ethics and economics come in conflict, victory is always with economics. Vested interests have never been known to have willingly divested themselves unless there was sufficient force to compel them. - B.R. Ambedkar
Conviction of justice
For a successful revolution it is not enough that there is discontent. What is required is a profound and thorough conviction of the justice, necessity and importance of political and social rights. – B.R. Ambedkar
 
MANGALURU , APRIL 15 : Mangalore Refinery and Petrochemicals Limited (MRPL) celebrated 126th birth anniversary of Dr Bhimrao Ramji Ambedkar on April 14 , 2017. On the occasion Mr H Kumar, Managing Director of MRPL unveiled a bust of Babasaheb Ambedkar in the Administration building at MRPL.


Speaking on the occasion he paid glowing tributes to the visionary leader. Coming from humble beginnings he rose to the highest levels in India with his hard work. He was the architect of our Constitution which is considered to be the best constitution in the world, he said. He is rightly referred to as the Father of Indian constitution and conferred the highest civilian award of Bharata Ratna, he added.


Later in the evening, Ambedkar Jayanti was celebrated in MRPL Employees Club. Shri M Venkatesh, Director(Refinery), Shri A K Sahoo, Director(Finance), Shri B H V Prasad, GGM(HR), Senior officers of MRPL, Office bearers of MRPL SC/ST Employees Welfare Association, employees and their family members were present on the occasion.


Dr Rajmohan B, Associate Professor, Dept. Of Chemical Engineering, NITK Surathkal was the chief guest. He spoke on the life and achievements of Dr B R Ambedkar and said that because of his efforts today weaker sections of our society are getting an opportunity to come up in life.


He elaborated the various government schemes available for progress of the weaker sections of society.

Mr A K Sahoo, Director (Finance) spoke on the occasion and said that even though many great many and women are born, we celebrate the birthday of very few, and Bharata Ratna Babasaheb Ambedkar is one such great personality he said.


Mr M Venkatesh, Director(Refinery) spoke and acknowledged the great contribution made by Shri Ambedkar for the upliftment of the oppressed classes.

He said MRPL is proud to have given equal opportunity to all sections of the society and the team work being displayed in MRPL with the contribution from all in achieving our goals. Later cultural programs were held on the occasion.

IndianOil Chairman bags SCOPE
Special Commendation Award

Thesynergyonline Corporate Bureau

NEW DELHI, APRIL 11 : "COMMENDATION, n. The tribute that we pay to achievements that resembles, but do not equal, our own." - Ambrose Bierce

Mr B Ashok, Chairman, IndianOil, has been conferred the SCOPE Special Commendation Award for Excellence and Outstanding Contribution to Public Sector Management - Individual Leadership Category 1 (Maharatna & Navratna PSEs) 2014-15. The award was presented by President of India, Mr Pranab Mukherjee, at the Public Sector Day event hosted by SCOPE at Vigyan Bhavan in New Delhi on Tuesday.


Others present on the occasion were Mr. Anant Geete, Union Minister of Heavy Industries and Public Enterprises; Mr Babul Supriyo, Union Minister of State for Heavy Industries and Public Enterprises; Mr. UD Choubey, Director General of Standing Conference of Public Enterprises (SCOPE); and other noticeables.

 

 

  • Awards and ceremonies are all an applause centred around excellence

    "My meaning simply is, that whatever I have tried to do in life, I have tried with all my heart to do well; that whatever I have devoted myself to, I have devoted myself to completely; that in great aims and in small, I have always been thoroughly in earnest." - Charles Dickens, David Copperfield

  • Applause

    "The applause was so loud and insistent that I had to respond with several encores. I was numb with happiness, when it was over, I knew that this alone must be my life and my world." - Leni Riefenstahl

  • "Recognition"

    "The spaces between the perceiver and the thing perceived can [...] be closed with a shout of recognition." - Timothy Findley, The Wars

  • When an avalanche of applause follows !

    "You are blessed not because you work hard, but you are blessed because you do things right and treat other people right." - De philosopher DJ Kyos

  • Momentous moment

    "Few moments are so special that they should be recognized by special expressions."

 

The SCOPE awards have been instituted to recognise the contribution of Public Enterprises and outstanding PSU professionals for their seminal work and leadership qualities.


With over three-and-a-half decades of experience in the oil and gas industry, Mr Ashok, has been heading Indian Oil Corporation since July 2014. Under his leadership, IndianOil has shaped up as a more responsive, nimble and forward-looking business enterprise – by leveraging technology across business units, countrywide infrastructure and retailing network which caters to millions of customers each day.


Mr. Ashok is concurrently the Chairman of refining subsidiary Chennai Petroleum Corporation Ltd. and IOT Infrastructure & Energy Services Ltd., IndianOil's joint venture with Oiltanking GmbH of Germany. He is also the Vice-President of the Paris-based World LPG Association, the authoritative voice of the global LPG industry representing the full LPG value chain.

ONGC CMD Dinesh K Sarraf nominated
to governing body of CSIR

Thesynergyonline Corporate Bureau
UL class change on li hover
  • Mr. D K Sarraf, is the driving force of extraordinary growth of company and strategic approach to oil and gas exploration and production.
  • He has experience of over three and half decades in the oil and gas industry, having started his oil and gas career in Oil India .
  • He joined ONGC in 1991 and handled various key assignments at corporate offices. He was elevated to the post of Director (Finance) in ONGC Videsh in 2005 where he served till 2007/li>
  • In 2011, Mr. Sarraf went back to ONGC Videsh assuming the charge of Managing Director. As MD he transformed ONGC Videsh into an aggressive growth engine for ONGC Group by clinching many high value deals within a short span of time.
  • OPINIONATIVELY :
  • "Personality is an unbroken series of successful gestures." - F. Scott Fitzgerald, The Great Gatsby
 

NEW DELHI, APRIL 10 : The Prime Minister of India, in his capacity as ex-officio President of CSIR, has nominated ONGC Chairman and Managing Director Dinesh K Sarraf as member of the prestigious governing body of Council of Scientific and Industrial Research (CSIR).


Mr Sarraf has been nominated to the governing body of CSIR for a period of three years.

The governing body is the apex body of CSIR for all decision making processes.


CSIR is a leading scientific R&D organization set up with a mandate to promote guide and coordinate scientific and industrial research in the country with its 38 R&D laboratories and Institutes. Eminent and learned personalities from various fields are nominated to the governing body as members.


He has experience of over three and half decades in the oil and gas industry, having started his oil and gas career in Oil India Ltd. He joined ONGC in 1991 and handled various key assignments at corporate offices. He was elevated to the post of Director (Finance) in ONGC Videsh in 2005 where he served till 2007. During this period, ONGC Videsh made significant acquisitions in Syria, Brazil, Colombia, Venezuela, Cuba, Egypt and Myanmar. In December 2007, he joined back ONGC as Director (Finance).

In 2011 Mr Sarraf went back to ONGC Videsh assuming the charge of Managing Director. As MD he transformed ONGC Videsh into an aggressive growth engine for ONGC Group by clinching many high value deals within a short span of time. He was instrumental in several oil and gas acquisitions in Mozambique, Brazil and Azerbaijan by ONGC Videsh to ensure energy security for the country. In March, 2014, he joined back ONGC as its Chairman & Managing Director. As CMD, ONGC he has been focussing primarily on augmentation of production of Oil and Gas from domestic assets.

Mr D K Sarraf, is the driving force of extraordinary growth of company and strategic approach to oil and gas exploration and production. In the present environment when global oil and gas prices have plummeted, ONGC under his leadership is strongly emphasising on adoption of the best operational & cost practices and appropriate oil and gas technologies, for realisation of greater operational efficiencies. Under his leadership ONGC has made the biggest ever financial decision in its history, unveiling an investment of more than $5 Billion in the east coast oil and gas asset to enhance oil and gas production significantly.

Gajendra Singh takes charge as
Director (Marketing), GAIL

Thesynergyonline Corporate Bureau
An awesome picture

For me the diamond dawns are set In rings of beauty, And all my ways are dewy wet With pleasant duty. -John Townsend Trowbridge

"Our duty is to be useful, not according to our desires but according to our powers." - Henri-Frederic Amiel

 

NEW DELHI, APRIL 06 :
Mr Gajendra Singh has taken charge as Director (Marketing) of GAIL (India). He started his career in processing and interpreting of seismic data in upstream Industry, and possesses 32 years of illustrious career in hydrocarbon sector.

Mr Singh has been involved in the execution of several prestigious projects of GAIL starting from the HVJ and has held various leadership and strategic positions.

Some of these key roles where he has served as the Head of Department include General Manager (Gas Sourcing and Gas Marketing), Executive Director (Operations & Maintenance).


Prior to his appointment as Director (Marketing) Mr Gajendra Singh served as Executive Director (Marketing). He has been responsible to fulfil GAIL's vision to source and market natural gas from international and domestic sources; to facilitate capacity utilization of pipeline infrastructure, investment in new pipelines etc.

He has been managing company`s top line and bottom line through various Zonal offices located across India. He joined GAIL in Year 1986, having worked in ONGC in 1985.

IndianOil inks POL supply agreement
with Nepal Oil Corporation

Thesynergyonline Corporate Bureau

Mr P K Das, ED I/C (Supplies), IndianOil, and Mr Gopal Bahadur Khadka, Managing Director, NOC, exchanging documents post signing MoU in New Delhi in the presence of Mr Dharmendra Pradhan, MoS (I/c), Ministry of Petroleum and Natural Gas, GoI and Mr Deepak Bohara, Minister for Supplies, Government of Nepal, along with senior officials from MoP&NG India, Ministry of Supplies of Nepal, IndianOil and NOC.

Features of agreement:

• Release of BS-IV grade fuels to Nepal from IndianOil supply points with effect from 1st April 2017 to convert Nepal markets to the green fuel.

• Meeting the major requirements of POL products of Nepal by pipeline after the laying of the Patna-Motihari-Amlekhganj Pipeline. This pipeline will have the flexibility to receive products from IndianOil's Barauni & Haldia refineries.

• NOC may nominate, with prior written advice to IndianOil, any other supply point to uplift POL products.

 

NEW DELHI, MARCH 27 : A Memorandum of Understanding (MoU) for the supply of petroleum, oils, and lubricants (POL) products was signed here on Monday between Indian Oil Corporation Limited (IndianOil) and Nepal Oil Corporation (NOC) in the presence of Mr. Dharmendra Pradhan, Minister of State (Independent Change), Ministry of Petroleum and Natural Gas , the , Government of India, and Mr. Deepak Bohara, Minister for Supplies, the Government of Nepal, along with senior officials from MoP&NG, India; Ministry of Supplies of Nepal; IndianOil and NOC. 

The new supply agreement was inked by Mr. PK Das, Executive Director I/C (Supplies), IndianOil, and Mr. Gopal Bahadur Khadka, Managing Director, NOC.

Curiously, the supply of POL and LPG products from IndianOil to Nepal Oil Corp. started in 1974 when the first supply agreement was signed.

The agreement was renewed periodically. The supply agreement signed is for the period April 2017 - March 2022 and will meet NOC's full requirements of all the major POL products, including petrol, diesel, kerosene, aviation turbine fuel & LPG.

The new agreement is based on the concept of "Umbrella Agreement" by keeping the provisions of future MoUs / Agreements subsidiary to this.

A provision has been kept for collaboration in new fields like Engineering, Projects, Aviation Fuelling, Retail Sales, Petrochemicals, Business Developments & LPG ventures.

Dharmendra Pradhan launches CGD project implementation in Bhubaneswar and Cuttack

Thesynergyonline Corporate Bureau
An awesome picture

At this point of time it's a new era

This is the cusp of an age at least as exciting and as brimful of potential as the early days of the printing press.

 

BHUBNESHWAR, MARCH 18 :
We are at the dawn of a new era, the era of 'an economic development and convenience, ' as we like to call it, in Odisha fuelled by environment -friendly natural gas, Minister of State (Independent Charge) for Petroleum & Natural Gas Mr Dharmendra Pradhan on Saturday launched the implementation of City Gas Distribution (CGD) project in Bhubaneswar and Cuttack in the presence of Member of Parliament (Bhubaneswar) Dr Prasanna Kumar Patasani, Member of Parliament (Cuttack) Mr Bhartruhari Mahtab and other noticeables.


The event marked an important step towards the fulfilment of Prime Minister Mr Narendra Modi's dream of developing a gas-based economy and linking Eastern India to the country's Natural Gas Grid through the Jagdishpur – Haldia & Bokaro – Dhamra Natural Gas Pipeline (JHBDPL).

The pipeline, popularly known as 'Pradhan Mantri Urja Ganga', will pass through five states, i.e. Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal and the longest stretch – 762 kms – will be built in Odisha.

Mr Dharmendra Pradhan also inaugurated the Odisha office of GAIL (India) which is implementing the pipeline as well as the CGD project.

The Bhubaneshwar CGD project will be built with a capital expenditure of around Rs 1,000 crore. It will benefit around 25 lakh people in Khordha district and around 2.5 lakh households will be supplied with environment friendly, safe and economic piped natural gas (PNG). Moreover, 24 CNG stations will be commissioned in the first three to five years to supply compressed natural gas (CNG) fuel to around 1 lakh vehicles.

Similarly, in Cuttack CGD project, the capital expenditure will be around Rs 750 crore. Around 26 lakh people will be benefitted by this project while 2.5 lakh households will get PNG connections. In addition, CNG will be available to 50,000 vehicles through 20 CNG stations which will be set up in next three to five years.

Natural Gas will also be available to industries and commercial establishments, creating a gas based industrial hub. Almost 2,000 km of steel and MDPE pipelines will be laid for these two CGD networks. It is also expected that the arrival of the Pradhan Mantri Urja Ganga will provide direct and indirect employment to thousands of people.

The 2,619 km JHBDPL project is being executed at an investment of Rs 12,940 crores, which includes 40 per cent capital grant (i.e. Rs 5,176 crores) from the Government of India. It will pass through Uttar Pradesh (342 km), Bihar (441 km), Jharkhand (524 km), West Bengal (550 km) and Odisha (762 km). Natural Gas will be supplied to Fertilizer Sector, Power Sector, Refineries, Steel, CGD and other sectors through this pipeline.

With the assured Gas supply, Fertilizer Plants at Gorakhpur (Uttar Pradesh), Barauni (Bihar) and Sindri (Jharkhand) have been approved for revival along the route of this pipeline. Further, this pipeline will also meet the gas requirements of Matix Fertilizer Plant at Durgapur (West Bengal). Continued full production from these four major Fertilizer Plants will ensure timely availability of adequate fertilizers in the eastern states which will go a long way in flourishing of agricultural sector.

GAIL has also been entrusted with developing CGD network in seven cities enroute the pipeline, i.e., Bhubaneswar, Cuttack, Varanasi, Patna, Jamshedpur, Kolkata and Ranchi.
In Odisha, the pipeline will be constructed at an estimated investment of Rs 4,000 crores and have a length of about 762 km covering 13 districts, i.e., Bhadrak, Jajpur, Dhenkanal, Angul, Sundergarh, Sambalpur, Jharsuguda, Debagarh, Jagatsinghpur, Cuttack, Khordha, Puri and Kendrapara.

 

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