BRIEF SUMMARY of the PROJECT 1 Indian Oil Corporation Ltd. (Indian

Total Page:16

File Type:pdf, Size:1020Kb

BRIEF SUMMARY of the PROJECT 1 Indian Oil Corporation Ltd. (Indian BRIEF SUMMARY OF THE PROJECT Indian Oil Corporation Ltd. (Indian Oil) is India's largest public corporation in terms of revenue and is one of the five Maharatna status companies of India, apart from Coal India Limited, NTPC Limited, Oil and Natural Gas Corporation and Steel Authority of India Limited. It is the highest ranked Indian company and the world's 119th largest public corporation in the prestigious Fortune 'Global 500' listing in the year 2015. Beginning in 1959 as Indian Oil Company Ltd., Indian Oil Corporation Ltd. was formed in 1964 with the merger of Indian Refineries Ltd. (Estd. 1958). Indian Oil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd., or CPCL), and 71% downstream sector pipelines through capacity. The Indian Oil Group owns and operates 11 of India's 23 refineries with a combined refining capacity of 80.7 MMTPA (million metric tons per annum). There are nine refineries located at Guwahati, Digboi, Barauni, Gujarat, Haldia, Mathura, Panipat, Bongaigaon and Paradeep these also include refineries of subsidiary Chennai Petroleum Corporation Ltd. (CPCL). The Corporation's cross-country pipelines network, for transportation of crude oil to refineries and finished products to high-demand centers, spans over 11,220 km. With a throughout capacity of 80.49 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas, this network meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. This is Petroleum product storage capacity enhancement project at existing Ratlam petroleum terminal at Ratlam, of Indian Oil Corporation Ltd. To meet the demand of the POL product to the end users, IOCL has proposed to enhance the POL storage capacity of the plant by constructing 2 X 10,000 KL MS Tanks, 3 X 20,000 KL HSD & 1 X 6,000 KL nd Biodiesel Tanks and 2 spur tank wagon railway loading/unloading facility, Product pump house for tank wagon unloading, New mechanized OWS/ETP. The present storage capacity of the POL is 77,918 KL. After enhancement the total capacity of the terminal will be 1,63,918 KL. At present IOCL Ratlam terminal is handling petroleum products such as MS, SKO, HSD, ATF, Ethanol and Biodiesel after expansion. MS and Ethanol fall under Class ‘A’ flammable Petroleum products while ATF, SKO, HSD and Biodiesel fall under Class ‘B’ flammable Petroleum product. The project activities fall under item no. 6 (b): “Isolated storage & handling of hazardous chemicals under the category “B” (general conditions apply)” as per the EIA notification 2006 and its amendments. The petroleum products are coming to plant by Pipeline from Ratlam Koyali Pipeline Ex- Koyali Refinery. Petroleum products are store in respective storage tanks. Ratlam Terminal is an automated inland Terminal spread over an area of 97 acres and situated in Village: Bangrod, Tehsil: Ratlam, District: Ratlam which is about 12 km from Ratlam city. 1 .
Recommended publications
  • India: Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil-Fuels
    INDIA: INVENTORY OF ESTIMATED BUDGETARY SUPPORT AND TAX EXPENDITURES FOR FOSSIL-FUELS Energy resources and market structure India is one of the fastest growing energy markets in the world. The country is the world’s third largest coal producer owing to its large deposits. Coal is the leading primary fuel in India’s energy mix, accounting for 44% of the country’s total primary energy supply (TPES), with thermal power plants making up the majority of coal consumption. Biomass accounts for 25% of total energy use, followed by oil and natural gas, which account respectively for 22% and 7% of the country’s energy needs. Remaining energy sources, such as nuclear power and hydro-electricity, account for about 1% each. The country’s proven reserves of oil were 5.5 billion barrels as of December 2012; nonetheless, domestic production falls far short of domestic demand and the country depends heavily on imported crude oil. The state-owned coal company, Coal India Limited (CIL), retains a near monopoly of coal extraction, with over 90% of domestic coal extraction attributed to government-controlled mines. Most coal mining occurs in the states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, and West Bengal. Market reforms are being implemented to bring competition and transparency to the coal sector. The government has been grappling to get an effective regulatory framework in place, which includes the loosening of regulations for the coal industry, with the objective of moving some grades of coal closer to international market prices, and allocating additional coal blocks through a transparent open bidding process.
    [Show full text]
  • “Power Finance Corporation - Investors Interaction Meet”
    “Power Finance Corporation - Investors Interaction Meet” May 31, 2018 MANAGEMENT: TEAM OF POWER FINANCE CORPORATION:- - Mr. Rajeev Sharma - Chairman and Managing Director - Mr. D. Ravi - Director (Commercial) - Mr. C. Gangopadhyay - Director (Project) - Shri Sitaram Pareek - Independent Director Page 1 of 23 Power Finance Corporation May 31, 2018 Speaker: Good Afternoon, Ladies and Gentlemen. On behalf of Power Finance Corporation, we feel honored and privileged to welcome you all to this Investors Interaction Meet. The company recently announced its financial results for the year 2017-18 and has been successful in maintaining its growth trajectory. PFC is always aiming to connect with its investor and build a strong and enduring positive relationship with the investment community. With this objective, today’s event has been organized to discuss PFC’s current performance and future outlook with the current and prospective investors. On the desk in the center is Chairman and Managing Director -- Shri Rajeev Sharma along with the other directors. To my immediate left is Shri DRavi – Director, Commercial. Next to him is Shri C Gangopadhyay – Director, Projects. To my extreme left is Shri Sitaram Pareek – Independent Director and beside him is Shri N.B. Gupta – Director, Finance. They are all in front of you to give a brief insight of PFC’s performance during the financial year 2017-18. They will also present to you a roadmap for the forthcoming year. I request Shri Rajeev Sharma -- Chairman and Managing Director to address the gathering. Rajeev Sharma: Thank you very much for sparing your valuable time to be present here during this interaction.
    [Show full text]
  • Maharatna Companies, Along with Important Information of the Maharatna Companies
    The Government of India categorizes Central Public Sector Enterprises (CPSEs) under three different categories - Maharatna, Navratna, and Miniratna. These categorisations are based on different criteria. This article gives the eligibility criteria for the status; list of Maharatna companies, along with important information of the Maharatna companies. Aspirants preparing for IAS Exam should have a firm grip over the latest developments in the ​ ​ field of Economy. Maharatna Companies - Eligibility Criteria & Benefits of the Maharatna Status PSUs in India are also categorised based on their special non-financial objectives and are registered under Section 8 of Companies Act, 2013 (erstwhile Section 25 of Companies Act, 1956). In 2010, the government established the higher Maharatna category. Eligibility Criteria: 1. Three years with an average annual net profit of over Rs. 2500 crore or 2. Average annual Turnover of Rs. 20,000 crore for 3 years, or 3. Average annual Net worth of Rs. 10,000 crore for 3 years Benefits for Investment: 1. Rs. 1,000 crore - Rs. 5,000 crore, or free to decide on investments up to 15% of their net worth in a project Maharatna Companies - List of 10 Central Public Sector Enterprises (CPSE) Below table gives the list of Maharatna Companies (As of January 2020) Sl.No Central Public Sector Enterprises (CPSE) 1 National Thermal Power Corporation (NTPC) 2 Oil and Natural Gas Corporation (ONGC) 3 Steel Authority of India Limited (SAIL) 4 Bharat Heavy Electricals Limited (BHEL) 5 Indian Oil Corporation Limited (IOCL) 6 Hindustan Petroleum Corporation Limited (HPCL) 7 Coal India Limited (CIL) 8 Gas Authority of India Limited (GAIL) 9 Bharat Petroleum Corporation Limited (BPCL) 10 Power Grid Corporation of India (POWERGRID) Maharatna Companies - Brief Details of 10 Public Sector Enterprises National Thermal Power Corporation (NTPC) In May 2010, NTPC was conferred Maharatna status by the Union Government of India.
    [Show full text]
  • NTPC Limited and BPDP on Build, Own and Operate Basis
    Name of the Issue: NTPC 1Type of issue (IPO/ FPO) FPO 2 Issue size (Rs cr) 8,480.10 3 Grade of issue alongwith name of the rating agency Not applicable* * Grading applicable only for initial public offerings, as per ICDR and other applicable regulations 4 Subscription Level (Number of times) 1.24* Source: Final Post Issue Monitoring Report. * The above figure is net of cheque returns, but before technical rejections; Amount of subscription includes all bids received at Employee price of Rs 191 for eligible Employees, at floor price of Rs 201 for Retail Category and Non Institutional Category and above Floor Price of Rs 201 per equity share, at clearing price of Rs. 202 per equity share received from QIBs 5 QIB Holding (as a % of outstanding capital) Particulars % (i) allotment in the issue - Feb 18, 2010 (1) 4.53% (ii) at the end of the 1st Quarter immediately after the listing of the issue (March 31, 2010) (2) 11.59% (iii) at the end of 1st FY (March 31, 2010) (2) 11.59% (iv) at the end of 2nd FY (March 31, 2011) (2) 11.84% (v) at the end of 3rd FY (March 31, 2012) (2) 11.68% Source: (1) Basis of Allotment. Excludes pre-issue holding by QIBs. (2) Clause 35 Reporting with the Stock Exchanges. Represents holding of "Institutions" category. 6 Financials of the issuer (Rs. Crore) Parameters 1st FY (March 31, 2010) 2nd FY (March 31, 2011) 3rd FY (March 31, 2012) Income from operations* 50,163. 3 59,505.4 65,893.7 Net Profit for the period 8,837.
    [Show full text]
  • Detailed Advertisement for Recruitment of Company Secretary in E6, E7 and E8 Grades in Executive Cadre
    Coal India Limited (A Govt. of India Undertaking) (A Maharatna Company) Detailed Advertisement for Recruitment of Company Secretary in E6, E7 and E8 Grades in Executive Cadre Advertisement No. 04/2021 LAST DATE FOR RECEIPT OF APPLICATIONS – 29.07.2021 Coal India Limited (CIL) - A Schedule A, “MAHARATNA” Public Sector Undertaking under Ministry of Coal, Government of India, with Corporate Hqrs at Kolkata, is the single largest coal producing company in the world with the largest corporate employer with approx. 2.62 lakhs employees, which contributes around 83% of the total coal production in India. CIL is looking for Enterprising, Dynamic and Experienced COMPANY SECRETARY to work in CIL and its eight Subsidiary Companies, BCCL-Dhanbad(Jharkhand), CCL-Ranchi(Jharkhand) CMPDI- Ranchi, ECL-Sanctoria(West Bengal), NCL- Singrauli (Madhya Pradesh), SECL-Bilaspur(Madhya Pradesh), MCL- Sambalpur(Orissa),and WCL-Nagpur(Maharashtra).If you are ready to accept the challenge and meet our requisite criteria, this is your best opportunity to join CIL. Applications in the prescribed format attached herewith are invited for the following Posts:- Details of Vacancies: Sl. Name of the Post and Grade Number Scale of Pay(₹) Upper Age No. of Post limit 1 General Manager (Company 01 1,20,000-2,80,000 55 Secretary) in E-8 grade 2 Ch. Manager (Company 03 1,00,000-2,60,000 52 Secretary) in E-7 grade 3 Sr. Manager (Company Secretary) 04 90,000-2,40,000 48 in E-6 grade Note- 1. One Candidate can apply for one Post only. 2. Higher Starting pay in the scale may be offered to exceptionally qualified and experienced candidates.
    [Show full text]
  • BRIEF SUMMARY of the PROJECT 1 Indian Oil Corporation Ltd
    BRIEF SUMMARY OF THE PROJECT Indian Oil Corporation Ltd. (Indian Oil) is India's largest public corporation in terms of revenue and is one of the five Maharatna status companies of India, apart from Coal India Limited, NTPC Limited, Oil and Natural Gas Corporation and Steel Authority of India Limited. It is the highest ranked Indian company and the world's 119th largest public corporation in the prestigious Fortune 'Global 500' listing in the year 2015. Beginning in 1959 as Indian Oil Company Ltd., Indian Oil Corporation Ltd. was formed in 1964 with the merger of Indian Refineries Ltd. (Estd. 1958). Indian Oil accounts for nearly half of India's petroleum products market share, 35% national refining capacity (together with its subsidiary Chennai Petroleum Corporation Ltd., or CPCL), and 71% downstream sector pipelines through capacity. The Indian Oil Group owns and operates 11 of India's 23 refineries with a combined refining capacity of 80.7 MMTPA (million metric tons per annum). There are nine refineries located at Guwahati, Digboi, Barauni, Gujarat, Haldia, Mathura, Panipat, Bongaigaon and Paradeep these also include refineries of subsidiary Chennai Petroleum Corporation Ltd. (CPCL). The Corporation's cross-country pipelines network, for transportation of crude oil to refineries and finished products to high-demand centers, spans over 11,220 km. With a throughout capacity of 80.49 MMTPA for crude oil and petroleum products and 9.5 MMSCMD for gas, this network meets the vital energy needs of the consumers in an efficient, economical and environment-friendly manner. This is First phase Petroleum product storage capacity enhancement project at existing Jaipur petroleum terminal at Mohanpura, Jaipur of Indian Oil Corporation Ltd.
    [Show full text]
  • Eoi for 1000 Mwh of BESS at NTPC Power Plants
    (GLOBAL INVITATION FOR EXPRESSION OF INTEREST) NTPC Limited (A Government of India Enterprise) Invites Expression of Interest (EoI) From Any Indian/Global Company/ their Consortium/ Affiliates/Representatives For SettinG up 1000 MWh of Grid-scale Battery EnerGy StoraGe System (BESS) at NTPC Power Plants in India 1 | Page (GLOBAL INVITATION FOR EXPRESSION OF INTEREST) DOCUMENTS OF EoI This EOI document comprises the following sections: (i) Section I : EoI Information (ii) Section II : Introduction (iii) Section III : Instructions to the Applicants (iv) Section IV : Consideration of Response (v) Section V : Application Form and Annexures 2 | Page (GLOBAL INVITATION FOR EXPRESSION OF INTEREST) Section - I EoI Information 3 | Page (GLOBAL INVITATION FOR EXPRESSION OF INTEREST) DETAILED NOTICE INVITING EXPRESSION OF INTEREST (EoI) EoI No.: NTPC/BD/EoI-05/2021-22 Date: 26.06.2021 NTPC is InvitinG an Expression of Interest from Indian/Global Company/ their Con- sortium/ Affiliates/Representatives for settinG up 1000 MWh of Grid-scale Battery EnerGy StoraGe System at sinGle/split across multiple NTPC Power Plants in India 1. NTPC Limited (A Government of India Enterprise) intends to set up 1000 MWh of Grid-scale Battery Energy Storage System at single/split across multiple NTPC power plants in India. In this regard, NTPC Limited invites Expression of Interest (EoI) from any Indian/Global Company/their Consortium/Affiliates/Representatives (hereinafter called APPLICANT). Note: This EOI is to assess commercialization prospects of Setting up Grid- scale Battery Energy Storage System. The BESS shall be set up within NTPC power plant premises. After identifying the APPLICANTs through EoI who are interested in setting up 1000 MWh Grid-scale Battery Energy Storage System, Request for Proposals (RfP) for undertaking project(s) at single/split across multiple NTPC plants shall be invited separately for setting up the facilities and scalable model for further additional requirements.
    [Show full text]
  • Ngo Documents 2013-08-14 00:00:00 Coal India Investor Brief High Risk
    High risk, low return COAL INDIA LTD’s shareholder value is threatened by poor corporate governance, faulty reserve estimations, regulatory risk and macro-economic issues. Introduction Coal India Limited is the world’s largest coal miner, with a production of 435 million metric tons (MT) in 2011 -201 2. There is significant pressure on CIL to deliver annual production growth rates in excess of 7%. The company has a 201 7 production target of 61 5 MT.[1 ] Coal India’s track record raises questions over its ability to deliver this rate of growth. In addition, serious governance issues are likely to impact CIL’s financial performance. These pose a financial and reputational risk to CIL, its shareholders and lenders, while macro- economic issues in the Indian energy economy pose a long term threat to Coal India. • CIL’s attempts to access new mining areas are facing widespread opposition from local communities and environmental groups. With its reliance on open-pit mining, access to new mines are essential for CIL to achieve production targets. G • CIL has grown reliant on shallow, open pit mining for 90% of its production, and has lost in-house expertise on deep mining techniques. N I • CIL has a record of poor corporate governance, manifested in rampant corruption, poor worker safety and repeated legal violations. This has, in the last year alone, led to penalties and F closure notices for over 50 mines, threatening both its financial performance and reputation. E I • CIL’s financial performance has been affected by directives from majority shareholder Government of India to keep coal prices artifically low.[2] According to one estimate, this cost R CIL $1 .75 billion in the 201 2-1 3 financial year alone.[3] The government has also taken away coal blocks allocated to CIL and given them to private players.[4] B • Changing economics of coal power in India; renewable energies are becoming cost- competitive even as coal faces increased regulatory scrutiny and public opposition.
    [Show full text]
  • Annual Report for FY 2015-16(PDF)
    INSIDE Wipro in Brief 02 Board’s Report 65 Design it Build it 04 Corporate Governance Report 109 Financial Highlights 08 Financial Statements Key Metrics 09 Standalone Financial Statements Letters under India GAAP 130 Chairman’s Letter to the Stakeholders 10 Consolidated Financial Statements Vice-Chairman’s Letter to the Stakeholders 12 under India GAAP 171 CEO’s Letter to the Stakeholders 14 Consolidated Financial Statements Board of Directors under IFRS 216 Prole of Board of Directors 16 Business Responsibility Report 265 Sustainability Highlights 2015-16 22 Glossary 270 Management Discussion & Analysis An Integrated Approach 24 Industry and Business Overview 26 Business Strategy 27 Business Model 30 Good Governance and Management Practices 35 Risk Managment 35 Capitals and Value Creation 38 Certain statements in this annual report concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to dier materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding uctuations in our earnings, revenue and prots, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on xedprice, xed-time frame contracts, client concentration, restrictions on immigration,
    [Show full text]
  • G20 Subsidies to Oil, Gas and Coal Production
    G20 subsidies to oil gas and coal production: India Vibhuti Garg and Ken Bossong Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan Korea (Republic of) Mexico Russia Saudi Arabia This country study is a background paper for the report Empty promises: G20 subsidies South Africa to oil, gas and coal production by Oil Change International (OCI) and the Overseas Turkey Development Institute (ODI). It builds on research completed for an earlier report The fossil United Kingdom fuel bailout: G20 subsidies to oil, gas and coal exploration, published in 2014. United States For the purposes of this country study, production subsidies for fossil fuels include: national subsidies, investment by state-owned enterprises, and public finance.A brief outline of the methodology can be found in this country summary. The full report provides a more detailed discussion of the methodology used for the country studies and sets out the technical and transparency issues linked to the identification of G20 subsidies to oil, gas and coal production. The authors welcome feedback on both this country study and the full report to improve the accuracy and transparency of information on G20 government support to fossil fuel production. A Data Sheet with data sources and further information for India’s production subsidies is available at: http://www.odi.org/publications/10073-g20-subsidies-oil-gas-coal-production-india priceofoil.org Country Study odi.org November 2015 Background remained substantial at $11 billion in 2014–15 (MoPNG, India has substantial fossil fuel reserves, including 61 2015b). Similar consumer subsidies of approximately billion tonnes of coal, 5.7 billion barrels of oil and 1.4 $12 billion in 2012–13 existed in the electricity sector.
    [Show full text]
  • Bharat Petroleum Corporation Ltd
    Bharat Petroleum Corporation Ltd. Investor Presentation February 2016 Disclaimer No information contained herein has been verified for truthfulness completeness, accuracy, reliability or otherwise whatsoever by anyone. While the Company will use reasonable efforts to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever, arising from use or reliance on this presentation or its contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner. This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of BPCL and no part or all of it shall form the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.
    [Show full text]
  • Press Release Ratnagiri Gas and Power Private
    Press Release Ratnagiri Gas and Power Private Ltd October 19, 2020 Ratings Facilities Amount (Rs. crore) Rating1 Rating Action Bank facilities – Fund-based – Long 1,461.05 Revised from CARE BB-; Stable CARE D term -Term Loan (reduced from 1562.70) (Double B minus) 1,461.05 Total (Rs. One thousand four hundred sixty one crore and five lakh only) Details of instruments/facilities in Annexure-1 Detailed Rationale & Key Rating Drivers CARE has revised the ratings of Ratnagiri Gas and Power Private Ltd (RGPPL) to CARE D. Facilities with this rating are in default or are expected to be in default soon. The revision in the long term rating of RGPPL factors in the delay in servicing of its principal obligations by the company which were due at the end of September 2020. Key Rating Sensitivities: Positive: Timely servicing of debt obligations for more than three months. Detailed description of the key rating drivers Key Rating Weaknesses Delays in servicing of debt obligations RGPPL had not serviced the principal obligations due at the end of September 2020. The company is in discussion with its lenders for one time settlement (OTS) of its outstanding debt of Rs 1461.05 crore. As per minutes of the consortium meeting held on September 17, 2020, the company had proposed its lenders for OTS for which lead lender has given in-principle approval with cut- off date considered as September 01, 2020. Other lenders are still under process of taking requisite approvals. The company has only paid interest obligations due for the month of Sept 2020 while it has not made the principal payment due on Sept 30, 2020 as the process for OTS is underway.
    [Show full text]