Petroleum Minister visits ONGC
Ankleswar Asset; puts well to production

Thesynergyonline Corporate Bureau

GANDHAR,SEPTEMBER 03 :
Mr. Dharmendra Pradhan,  Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, visited  the drilling installation and CPF Gandhar of Ankleshwar Asset in Gujarat. Mr. Pradhan was overjoyed to personally put the Well #DJDG on production as it spudded gas.

He shared his excitement saying that, “Today is really an auspicious occasion being Krishna Janmashtami and also giving first production of gas from the well being drilled by ONGC.”

While witnessing the operations from the derrick floor he complimented the ONGC field crew for working in the challenging environment.
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His first halt was at Rig EV 2000-2 near Dahej, Gujarat. He took a keen interest in meeting the rig crew and understanding the technicalities of drilling operations.

The Minister was accompanied by CMD, Mr Shashi Shanker, Director (Onshore), Mr SK Moitra and ED-Asset Manager(Ankleshwar Asset), Mr SA Ravi besides senior executives of the Asset.

Mr Pradhan took a review meeting at CPF Gandhar where he was given a brief overview of the production from the four Assets of Western Sector.

He evinced keen interest in the new technologies like Low Frequency Seismic (LFS) adopted for enhancing production from the existing fields.

 He also asked the Asset team to make concerted efforts to draw up strategies to further increase production in the remaining two quarters of this financial year. Commenting on the CSR and skill development efforts of the Asset he said that the employment of apprentices is commendable but more budget allocations may be made for undertaking CSR programmes in the area.

The  Member of Parliament, Shri Mansukh Bhai Vasava, MLA and Minister Govt of Gujarat, Mr Ishwarbahi Patel, MLA Mr Dushyant Patel were also present for the review meeting at CPF Gandhar.

MoPNG launches online portal for common carrier capacity booking on GAIL's pipelines

Platform to enhance consumer experience

Thesynergyonline Corporate Bureau



NEW DELHI, AUGUST 27 : In a first step to facilitate gas trading on Hub or exchange traded platforms in India, Hon'ble Minister for Petroleum and Natural Gas & Skill Development and Entrepreneurship Shri Dharmendra Pradhan, today launched an online portal for enabling easy, efficient and transparent booking of Common Carrier capacity for natural gas transmission services under GAIL's pipelines.

 



Online portal is accessible on www. gailonline.com and was launched in the presence of PNGRB Chairperson Mr D K Sarraf, GAIL Chairman & Managing Director Mr B. C. Tripathi, GAIL Director (Marketing) Mr Gajendra Singh, MoPNG Joint Secretary Mr Ashish Chatterjee and other noticeables from Ministry and Regulatory Board.

The portal operates within the regulatory framework and is the first of its kind portal in the natural gas sector of India, to provide gas consumers the facility to register pipeline capacity bookings online and endeavours to continue the practice of serving on first-come-first-serviced basis.

Speaking on the occasion, GAIL CMD Mr B C Tripathi said- "with this online initiative, GAIL has raised the standards of consumer experience for third-party access to natural gas pipelines to consumers in India. GAIL has been providing third party access to pipelines since 2004 and over 100-150 consumers small and large are routinely being serviced at any time, during the last few years."

Gas trading entities such as- IOCL, BPCL, RIL, GSPC, etc., and consumers such as- M/s CFCL, NFL, IFFCO, KRIBHCO, Jindal Aluminium, Toyota Kirloskar, Suzuki Motorcycle, Tata Ceramics, Hindalco etc., have been availing the pipeline transmission services as third party users of capacities on GAIL's pipeline networks.

Out of the total earmarked Common Carrier capacity in various GAIL's pipelines, around 33% of the Common Carrier capacity was used by third party shippers during FY 2017-18. Under PNGRB guidelines, upto 25% of the total pipeline capacity is to be earmarked for Common Carrier capacity, i.e., for providing non-discriminatory open-access on first-come-first-served basis, for transporting third party gas for a period of less than one year.

GAIL is India's largest integrated natural gas company with more than 11,400 kms of natural gas pipelines operating across various parts of the country. Presently, it is working on increasing the gas grid by another 5,000 km, including the Jagdishpur – Haldia & Bokaro – Dhamra and Barauni-Guwahati pipeline (known as the Pradhan Mantri Urja Ganga Project) which will connect eastern and north-eastern India.

IFCI stands by the poor and needy handicapped

Thesynergyonline Corporate Bureau

NEW DELHI, AUGUST 21:
Sri Gurudeva Charitable Trust (SGCT), located at Mangalapalem in Kothavalasa Mandal of Vizianagaram in Andhra Pradesh, registered as a Trust since 2007 is one of the leading Artificial Limbs Manufacturers in Andhra Pradesh and has been distributing artificial limbs and polio callipers to the poor and needy handicapped persons free of cost in and around Andhra Pradesh, Karnataka, Tamil Nadu, Odisha and other states for more than a decade.

The former Vice Chairman of the Trust, Late Sri G. NalineeshBabu, had been awarded National Award by Shri APJ Abdul Kalam in 2004. Presently, the Trust is headed by Sri JagadeeshBabu, Chairman and Chief Functionary Officer. Sri Babu has been in the service of needy poor especially in rural and tribal areas for more than 15 years. The Trust has so far identified and distributed around 30,000 artificial limbs to beneficiaries free of cost. Besides, distribution of prosthetics, SGCT has also adopted several villages and has provided clothing, medicines, food, mineral water plants etc.

IFCI Social Foundation(ISF), a charitable trust formed by IFCI Ltd., a Government of India undertaking, is functioning as the CSR arm of the IFCI Group. Formed and registered in 2014, ISF has been implementing CSR initiatives in almost all states of India.ISF is guided by its values viz., Inclusiveness, Integrity, Commitment and Passion with the overall vision "To be one of India's premier CSR Institutions and strive to make sustainable social impact with inclusiveness".Its major focus has been in areas of health, sanitation, education, skill development, empowerment and social welfare of women and girl child. It aims at improving the socio-economic well-being of the society, particularly the underprivileged and vulnerable sections of the society who are deprived to live upto the potential that they possess. It aims to create assets to deliver societal benefits to all the geographical regions of the country without any regional, linguistic, caste, creed, religious or other barriers.

IFCI Social Foundation (ISF) feels privileged at the opportunity of being associated with Sri Gurudeva Charitable Trust (SGCT)whomanufacture and distributeartificial limbs, polio callipers, tri-cycles and wheel chairs for physically challenged persons free of cost with a view to improving thequality of life and empowering the physically challenged people. Dr.EmandiSankara Rao, MD & CEO, IFCI Ltd. and Chairman of IFCI Social Foundation along with Ms. Pooja S. Mahajan, CEO, IFCI Social Foundation and Shri Samik Dasgupta, General Manager, IFCI Ltd. distributed artificial limbs, polio calipers, tri-cycles and wheel chairs and interacted with the beneficiaries on August 21, 2018.


The needy and handicapped beneficiaries expressed their gratitude to IFCI Social Foundation for this support.

GAIL's Q1 PAT up 23 % at
Rs 1,259 crore on q-o-q basis


PBT Rs. 1,940 crore, up by 21%; Gross Margin Rs. 2,363 crore, up by 18%

Thesynergyonline Corporate Bureau

 

NEW DELHI, AUGUST 10 : GAIL (India) registered a 23 percent increase in Profit after Tax (PAT) in the first quarter of FY 2018-19, as against the last quarter of FY 2017-18 due mainly to better performance by Gas Trading and Petrochemicals Segments. The company's PAT for the quarter ended June 30 , 2018 was Rs. 1,259 crore as compared to Rs 1,021 crore in Q4 FY 2017-18.

On year on year basis, GAIL's PAT of Rs 1,259 crore in Q1 FY19 registered a growth of 23 per cent against Profit of Rs 1,026 crore in corresponding quarter of FY 2017-18.
Gross Sales of Rs 17,262 crore in Q1 FY19 has increased by 50 per cent from Rs 11,540 crore in Q1 FY18.

Gross Margin (EBITDA) has seen growth of 17 per cent from Rs 2,015 crore in Q1 FY18 to Rs 2,363 crore in Q1 FY19. PBT of Rs 1,940 crore in Q1 FY19 is up by 24% from Rs 1,569 crore in Q1 FY18.

The increase in net profit in Q1 FY19 on year-on-year (y-o-y basis was supported by better physical performance in every segment, Natural Gas Marketing & Transmission volumes were up by 24 per cent and 7 per cent respectively, Petrochemical sales was up by 27 percent, Liquid Hydrocarbon Sales was up by 7% and LPG Transmission was up by 1 per cent.

Mr B C Tripathi, CMD, GAIL said, "While all segments contributed positively to the company's profit, Gas Trading and Petrochemicals Segments performed better than the last quarter due to improved physical performance in Gas Trading segment and better margin in Petrochemicals segment."

He further added that apart from healthy financial growth in the first quarter, the current financial year also saw important agreements entered by the company. GAIL inked JV agreement with Greater Calcutta Gas Supply Corporation Ltd. (a Govt. of West Bengal entity) for operating city gas network in Kolkata Geographical area. GAIL also signed Tolling Agreement with Dhamra LNG Terminal Pvt. Ltd. for 1.5 MMTPA Regas Capacity at Dhamra LNG Terminal, Odisha for securing RLNG/LNG supply in Eastern Region of the country.

CMD, GAIL added that CGD commercial activities in Varanasi and Cuttack have started during the year. GAIL Gas Ltd., 100% subsidiary of GAIL, along with Joint Ventures have participated in 9th CGD bidding which are under evaluation and GAIL expects to add more Geographical areas into its CGD business.

 

ONGC wins four accolades at 5th Dun & Bradstreet PSU Awards

Thesynergyonline Corporate Bureau

 

NEW DELHI, JULY 27 :  Oil and Natural Gas Corporation Ltd. (ONGC) has swept the Dun & Bradstreet PSU Awards 2018. The Energy major has been adjudged winner in four categories viz. ‘Mining & Exploration: Crude Oil’, ‘Mining & Exploration’, ‘CSR’ and ‘Swachh Bharat’. ONGC won the top honour in each of the four awards, which were keenly contested; it was the only winner in Swachh Bharat category.

 The awards were received by Director (Exploration) Mr. A.K. Dwivedi from Chairman, Prime Minister’s Economic Advisory Council & Member, NITI Aayog, Mr. Bibek Debroy, at New Delhi on 24 July 2018.

ONGC Director (Exploration) A.K. Dwivedi (left) receiving Dun & Bradstreet Award from Chairman, Prime Minister’s Economic Advisory Council Bibek Debroy (right)

ONGC has discovered 6 of the 7 oil and gas producing basins in India, establishing 10 billion tonnes of in-place hydrocarbon reserves through more than 650 discoveries. It has cumulatively produced 1,158 million metric tonnes (MMT) of crude oil and 769 billion cubic meters (BCM) of natural gas. The energy Maharatna has a stellar record in CSR and Swachh Bharat as well, having participated proactively in various Swachh Bharat projects under CSR across its pan-India work-centers. Recently, ONGC has partnered the Uttarkashi (Uttarakhand) cleaning project under Swachh Iconic Place (SIP) drive.


 Dun & Bradstreet's ‘PSU Awards’ honours the leading PSU companies across various categories of business excellence. Dun & Bradstreet is the world’s leading knowledge provider for the past 177 years with a global presence in 190 countries.
 

Minister, P&NGMr  Dharmendra Pradhan launches commencement of PNG supply in Bhubaneswar


Thesynergyonline Corporate Bureau


 
•         Piped Natural Gas supply to be commenced in 255 houses in NALCO Nagar
•         Supply to start almost six months before deadline of March 2018
•         Four CNG stations also under construction

Mr Dharmendra Pradhan, Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship launching the commencement of piped natural gas supply to residents of Bhubaneswar.


BHUBNESHWAR, OCTOBER 20 :
On the auspicious occasion of Deepawali, Mr Dharmendra Pradhan, Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship on Friday launched the commencement of Piped Natural Gas (PNG) supply to residents of Bhubaneswar.

 The Minister launched the supply of environment-friendly PNG by GAIL (India) in NALCO Nagar at a function in the presence of Mr B C Tripathi, Chairman & Managing Director, GAIL, Dr T K Chand, CMD, NALCO, Dr Ashutosh Karnatak, Director (Projects), GAIL, Mr B K Thakur, Director (HR), NALCO and other noticeables.

Expressing happiness at the fast pace of work, Shri Pradhan praised GAIL for the early commencement of the 1st phase of supply of PNG in 255 houses which was earlier expected to be completed by March 2018. He said GAIL took up the project on a war-footing and commenced supply of natural gas almost six months before the deadline.

GAIL CMDt

GAIL CMDB.C. Tripathi, Chairman & Managing Director, GAIL (India) Limited, said, "Alliance with Uber is a major step to fulfill our commitment in making Bengaluru's air cleaner by expanding usage of CNG across the popular taxi ridership as we move towards a gas based economy under Government of India's vision.

 

The commencement of supply of natural gas is an important step towards the fulfillment of Hon’ble Prime Minister Shri Narendra Modi’s dream of developing a gas-based economy and linking Eastern India to the country’s Natural Gas Grid through the ‘Pradhan Mantri Urja Ganga’, which will pass through five states, i.e. Uttar Pradesh, Bihar, Jharkhand, Odisha and West Bengal. The longest stretch of the project – 769 kms – will be built in Odisha. This pipeline will lead to industrial development of eastern India.

City Gas Distribution (CGD) projects in Bhubaneswar and Cuttack are being taken up in parallel with the Jagdishpur – Haldia & Bokaro – Dhamra Natural Gas Pipeline (JHBDPL), popularly known as ‘Pradhan Mantri Urja Ganga’. 

In Odisha, the Natural Gas Pipeline will be constructed at an estimated investment of Rs 4,000 crores and have a length of about 769 km covering 13 districts, i.e., Bhadrak, Jajpur, Dhenkanal, Angul, Sundergarh, Sambalpur, Jharsuguda, Debagarh, Jagatsinghpur, Cuttack, Khordha, Puri and Kendrapara & will connect major industrial clusters of Khurdha, Jharsuguda, Rourkela, Sambalpur, Bhubaneswar, Cuttack, Angul, Dhenkanal, Kalinganagar, Jajpur and Paradip.

GAIL also plans to provide PNG connections in the near future to adjacent Jeevan Bima Colony and Maitri Vihar Colony covering a total of 1,000 houses. Assessment is also being carried out for PNG supply to leading hotels, hospitals and industrial units of the city.
Initially, natural gas will reach Bhubaneswar in special containers called “cascades” which will be transported by road from Vijaywada in Andhra Pradesh. Later, natural gas will be supplied through the Jagdishpur – Haldia & Bokaro – Dhamra Natural Gas Pipeline (JHBDPL). The pipeline is presently under construction and likely to be completed by 2019.

In Bhubaneshwar & Cuttack, the number of PNG connections will be gradually ramped up in the next three to five years. Moreover, 25 CNG stations will be commissioned in the twin cities to supply compressed natural gas (CNG) fuel to vehicles.

PNG is not just eco-friendly, but is one of the most convenient and safe fuels. There are no hassles of booking and storing cylinders as gas is continuously supplied through pipes and payment is done after usage on the basis of meter reading. Moreover, in the unlikely incident of leakage, the gas quickly rises and disperses in the atmosphere without causing damage,

In Bhubaneswar, construction activities of CNG stations have already been taken up at Chandrasekharpur, Patia, Khandagiri and Tamando, and supply will be commenced at the earliest.

 The overall capital expenditure for the Bhubaneswar and Cuttack CGD projects will be Rs. 1,700 crores, of which Rs 400 crores will be spent in the next three to five years.

 

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