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Reliance Industries Ltd
会社概要
http://www.prdomain.com/companies/r/reliance_ind/news_releases/pr_ril_nr_index.htm
Mukesh Ambani is the chairman and managing director of Reliance Industries Limited, India's largest private sector company.
2002/5 Reliance buys Indian Petrochemicals Corp
Reliance mulls PVC plant expansion at ICPL's site
2003/5 Reliance and DuPont Polyester Technologies sign agreement for R&D strategic alliance
Reliance aims to be world's largest polyester producer
2004/1 リライアンス、NOCILから石化・樹脂事業を買収
2004/6 JSR Reliance Industries Limited にブタジエン製造技術を供与
2004/6 Reliance to acquire Trevira (Europe)
2005/8 Reliance set to acquire BP's France, Belgium facilities
2005/12 India's Reliance to start up new polypropylene line by Feb/Mar
2006/1 インドのReliance、製油所とPP(100万t/y)建設
2006/4 Chevronが共同事業者として参加
2006/4 Dow Chemical may invest Rs5,000 crore in Reliance's Jamnagar SEZ
2006/4 India's Reliance on track to start up new PTA plant by end-May
2007/1 Inida's Reliance Industries eyeing GE's Plastics unit
2007/2 RIL board approves $3bn cracker project in Jamnagar.
2007/3 Reliance and IPCL to merge?
2007/5 Reliance selects Dow technology for polypropylene
2007/9 Reliance makes a strategic acquisition in East Africa
2007/10 Petroperu says looking to partner with Reliance on oil, petchems
2007/12 GAIL - RIL Sign MoU To Set Up Petrochemical Plants globally
2008/6 Reliance to add 900,000 tonnes/yr polypropylene capacity at Jamnagar
2008/7 Reliance plans a 200 kt/yr PET plant for Kinston, NC by end 2009
| http://www.indokeizai.com/Z-Ambani.htm 新興財閥で、アンバニ Ambani 財閥とも言われています。
■リライアンスエネルギー ■IPCL The Government of India handed over the
Management control to Reliance group on June 4, 2002,
since then the company is being
managed by Reliance. The new
management team has re-endorsed the company's mission to
create value for all stakeholders. All out efforts are
being made to enhance productivity and control cost for
superior value addition. ■リライアンス・エネルギー (SENSEX指数銘柄) |
source: http://www.indiainfoline.com/comp/rein/mr01.html
RIL is the leading player in petrochemicals and man-made fibers in India. In FY01, despite the devastating earthquake in the state of Gujarat, where Reliance’s major plants are located, company set new production records with total production volume crossing at 10.4 million tons- an increase of 16% over the previous year.
Plant locations
Hazira complex manufactures PVC, PP, HDPE, LLDPE, and MEG using ethylene as the key input.
Patalganga complex has integrated facilities for PSF/ PFY and LAB. Key input is naphtha. It has surplus capacity for PTA.
Naroda (near Ahmedabad) plant has spinning and weaving facilities. It uses PSF/ PFY along with cotton, wool, viscose from outside to produce fabric, yarn and textile products.
Jamnagar Complex has PX and PP facilities adjacent to 27 million TPA refinery.
Polymers (Plastics)
RIL manufactures PP, PVC and PE (HDPE and LLDPE). It also manufactures ethylene oxide, which is an intermediate for manufacture of MEG, a key input for PSF/PFY. Reliance is the largest polymer manufacturer in the country, with the market share of 52%. It is the 6th largest producer of PP in the world with a capacity of nearly 1 million tons. It has 400,000 TPA of PE capacity and 300,000 TPA of PVC capacity.
RIL sources ethylene (major raw material) from its own cracker at Hazira having installed capacity of 750,000 TPA of ethylene. Company is also planning to set up an EDC (ethylene di-chloride) project, which has been the missing link in company’s backward integration for manufacturing PVC.
Cracker products
Polyester and fiber intermediates
RIL is the largest producer of PSF and PFY
RIL is the only manufacturer of PTA in India.
Others
Textiles:
Chemicals:
RIL manufactures LAB
Reliance Petroleum (RPL)
Oil and Gas
Power
Telecom
Reliance Infocom
Reliance
buys Indian Petrochemicals Corp
http://www.bday.co.za/bday/content/direct/1,3523,1088772-6078-0,00.html
India's largest private company Reliance Industries has tightened its hold on the domestic petrochemicals market after acquiring control of Indian Petrochemicals Corp. Ltd. (IPCL), analysts said Monday.
Reliance Industries Ltd. agreed on Saturday to pay the government 14.91 billion rupees ($304.3-million) for a 26 percent stake in the second-biggest chemicals maker.
Reliance, which will take over management control of IPCL, will have two-thirds of India's three million tonne-a-year polymer market as a result of the deal. The group has also emerged as one of the largest producers in Asia of ethylene, a key petrochemical, with a capacity of 1.58 million tonnes a year.Reliance Industries bought a 26 per cent stake in IPCL in 2002 from the government, and has subsequently raised its stake to over 46 per cent.
Singapore (Platts)--Oct 1 2002
India Reliance mulls PVC plant expansion at ICPL's site
India's Reliance Industries is mulling a PVC plant expansion project at newly acquired Indian Petrochemicals Corp Ltd's PVC site at Gandhar, a source close to the company said Tuesday. IPCL currently operates a 150,000 mt/yr PVC plant at the Gandhar petrochemical complex in Dahej, Gujarat. The expansion plan would entail adding a further 150,000 mt/yr PVC capacity, either by debottlenecking or integrating a new plant to the existing one at the complex.
Reliance and
DuPont Polyester Technologies sign agreement for R & D
strategic alliance
http://www.prdomain.com/companies/r/reliance_ind/news_releases/200305may/pr_20030519.htm
Reliance Industries Ltd. (RIL) and DuPont Polyester Technologies (DPT) today announced they have entered into a strategic R&D alliance to jointly develop advanced polyester process and product technologies in India.
This world-class facility will incorporate the latest polyester research equipment as well as pilot lines for high speed POY, FDY, PSF and bicomponent spinning and several unique polymerization pilot plants including one featuring the revolutionary new NG-3 PET resin technology by DuPont.
June 10, 2003 Financial
Times
Reliance aims to be world's largest polyester producer/ Ties up
with DuPont for joint research
Reliance Industries Ltd has said it plans to become the largest polyester producer in the world. The company plans to spend $30 million on research at the Reliance Technology Centre set up here to develop new polyester technology.
リライアンス、NOCILから石化・樹脂事業を買収
インドのリライアンス・インダストリーズは、同国のNOCIL(ナショナル・オーガニック・ケミカル)の石油化学と樹脂事業を買収する。NOCILは2002年から採算悪化を理由に石油化学プラントの稼働を中止しており、リライアンスはグループの生産技術を投入して設備を近代化し、自社の生産ネットワークに組み入れる。
* リライアンスは既にIPCLを買収している。
2004/1/7 Reliance
Reliance Associate signs MoU with NOCIL to take over
Petrochemicals and Plastics Products divisions
http://www.ril.com/eportal/media/NewsDetails.jsp?page_id=72&id=N329
Sunbright, a business associate
of Reliance, has signed a Memorandum of Understanding (MoU) with
National Organic Chemicals Industries Limited (NOCIL) to take
over its Petrochemicals and Plastics Products Divisions.
Under this proposal, the assets of NOCIL's Petrochemical
Division, certain liabilities of the Company, and the business
and undertaking of the Plastic Products Division as a going
concern basis will be demerged from NOCIL and will be vested in
Nocil Petrochemicals Limited (NPL), a wholly owned subsidiary of
NOCIL. Sunbright will invest in equity of NPL after the process
of demerger is completed.
The board of directors of NOCIL at its meeting held today has
approved the restructuring proposal and the offer of Sunbright.
NOCIL will be shortly filing a petition in the Bombay High Court
under section 391 / 394 of the Companies Act, 1956, to give
effect to this proposal after obtaining the necessary approval of
the shareholders and creditors.
The proposed take over of NOCIL's petrochemical and plastics
products division will provide significant synergies with
existing petrochemicals businesses of Reliance Industries Ltd
(RIL) and Indian Petrochemicals Corporation Ltd
(IPCL).
NOCIL's petrochemicals complex has total petrochemicals capacity
of 300,000 tonnes per annum (tpa), which include an ethylene
cracker of 80,000 tpa, value added chemicals 90,000 tpa, and
fibre intermediates 20,000 tpa. In addition, the complex has a
polymer capacity of 80,000 tpa. The Plastics products division at
Akola, Maharashtra has a capacity of about 10,000 tonnes per
annum of processed polymer products.
NOCIL's petrochemicals division, which is currently not in
operation, will immensely
gain from Reliance group's technical and manufacturing expertise.
Already an ethylene pipeline links NOCIL's Petrochemicals
Division in Navi Mumbai to IPCL's Nagothane plant.
Background information
Reliance Industries Ltd. (RIL) is India's largest private sector
company on all major financial parameters with gross turnover of
Rs 65,061 crore (US$ 13.7 billion), cash profit of Rs 7,565 crore
(US$ 1.6 billion), net profit of Rs 4,104 crore (US$ 864
million), net worth of Rs 30,327 crore (US$ 6.4 billion) and
total assets of Rs 63,737 crore (US$ 13.4 billion). RIL features
in the Forbes Global list of world's 400 best big companies and
in FT Global 500 list of world's largest companies.
RIL has emerged as the 'Best Managed Company' in India in a study
by Business Today and A.T. Kearney. RIL was named in the World's
Most Respected Companies list published by Financial Times based
on a global survey and research conducted by
PricewaterhouseCoopers. RIL also emerged as the most respected
among Indian companies and amongst the 10 most respected energy
and chemical companies in the world.
Reliance Group
The Reliance Group founded by Dhirubhai H. Ambani (1932-2002) is
India's largest business house with total revenues of Rs 80,000
crore (US$ 16.8 billion), cash profit of over Rs 9,800 crore (US$
2.1 billion), net profit of over Rs 4,700 crore (US$ 990 million)
and exports of Rs 11,900 crore (US$ 2.5 billion). The group's
activities span exploration and production (E&P) of oil and
gas, refining and marketing, petrochemicals (polyester, polymers,
and intermediates), textiles, financial services and insurance,
power, telecom and infocom initiatives. Reliance has emerged as
India's Most Admired Business House, for the third successive
year in a TNS Mode survey for 2003.
2004/06/09 JSR
インド Reliance Industries Limited
にブタジエン製造技術を供与
http://release.nikkei.co.jp/detail.cfm?relID=73591
JSR(株)(社長:吉田 淑則)は、この度、インドの
Reliance Industries Limited向けにブタジエン製造技術のライセンス供与に関して次のとおり契約を締結しました。同技術を使ったプラントの建設は6月より着工する予定です
1)相手先:インド Reliance Industries Limited
2)対象技術:年産14万トン、ブタジエン抽出技術
3)プラントサイト:インド グジャラート州ハジラ
(70万トン/年のナフサクラッカーのダウンストリーム)
4)本技術採用の理由:
本技術は、JSR(株)が独自に開発した、混合溶剤を用いるものです。従来の技術に比較し省エネルギー性に優れており、特に電気の使用量が、1/2から1/3になる最新鋭の画期的なものです。Reliance Industries Limited が建設するブタジエン製造装置はインド国内で最大の生産能力を持ち、CO2削減など、地球環境にやさしい本技術が評価され採用されました。
本技術は、中国、ロシア、韓国などに実績があります。
5)プラント着工:2004年6月を予定
6)プラント完成:2005年初めを予定
7)Reliance Industries Limited の概要
会長:Shri Mukesh Ambani
インド最大の財閥
事業内容:石油・ガス、石油精製、石油化学、繊維、紡績、電力、通信、金融、保険
売上:13 billion US$(約1兆4千億円)
Platts 2005/12/15 Jamanagar製油所
India's Reliance to
start up new polypropylene line by Feb/Mar
Reliance plans to start up its fourth 280,000 mt/yr polypropylene (PP) line in
Jamnagar by late February or early March 2006, a company source
said Thursday. Three PP lines of total capacity of 770,000 mt/yr in the same site were restarted
in early December from debottlenecking.
The Jamnagar complex primarily has a 27-million tonnes per annum refinery of RPL that is fully integrated with downstream petrochemicals units of RIL, which manufacture naphtha-based aromatics as well as propylene-based polymers.
2006/1/23 Reliance
Reliance Group Announces A Unique Value Creating Opportunity
http://www.ril.com/rportal/jsp/eportal/media/PressRelease.jsp?id=368
Reliance Industries
Limited today announced that Reliance Petroleum Limited (RPL),
it's newly formed wholly owned subsidiary, would be entering the
capital market with its IPO sometime in the first half of
2006-07.
RPL is setting up an export oriented Refinery (27
MMTPA) and Polypropylene
Plant (1 MMTPA)
('Project'), in a Special Economic Zone (SEZ) in Jamnagar,
Gujarat at an estimated cost of USD6 billion. (approx. Rs27,000
crore).
Platts 2006/4/25
India's Reliance on track to start up new PTA plant by end-May
Indian refiner and petrochemicals giant Reliance
Industries
was set to start up its new 650,000 mt/year purified terephthalic
acid plant by end-May, said a company source on Tuesday. The
plant will be part of Reliance's petrochemical complex at Hazira,
near Surat in Gujarat, India.
In the past five weeks, two new PTA plants have been successfully started up in Asia. China's Oriental Petrochemical (Shanghai) Corp has successfully brought onstream its 600,000 mt/year PTA plant in Shanghai. The plant started producing on-spec material on April 1. So far, operations have been smooth and OPC is expected to start selling PTA in the market by early May. The plant, which cost slightly less than $300 million, will run at 100% capacity once initial testing and start-up operations are completed. OPC was set up in January 2003 by the Taiwan's Far Eastern Group.
In mid-March, Indorama Thailand also successfully started up its 700,000 mt/year PTA plant at Rayong, Thailand. Its current operating rate was around 95%.
Reliance to acquire
Trevira (Europe)
To emerge as the Number One Global Polyester Fibre Producer
Reliance is to acquire Trevira, a leading producer of branded polyester fibres in Europe. An announcement to this effect was made by Mr. Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited, at the company's Annual General Meeting in Mumbai on June 24, 2004.
Trevira has a
manufacturing capacity of 130,000 tonnes per annum (polyester
staple fibres, filament yarns, chips) spread over four locations
in Europe namely Bobingen and Guben (Germany), Silkeborg
(Denmark) and Quevaucamps (Belgium). In addition, it has a
state-of-the-art research and development (R&D) facility at
Bobingen. The agreement to acquire Trevira is subject to certain
conditions, including the receipt of regulatory approval from the
European Union. This acquisition, when consummated, will be the
second international acquisition by Reliance and the first
international acquisition in polyester.
2005/8/28 The
Hindu Business Line
Reliance set to acquire BP's France, Belgium facilities
RELIANCE Industries Ltd is zeroing in on acquiring the refinery
and petrochemicals facilities of BP Plc in France and Belgium.
Sources familiar with the development told Business Line that the
due diligence exercise of BP, which had been on in Mumbai for the
past few weeks, was now over.
Reliance Industries は2006年1月、既存のJamanagar製油所に近接した経済特区に新設する製油所(580万bpd)を建設・運営するReliance Petroleum を新たに設立した。
The Jamnagar complex primarily has a 27-million tonnes per annum refinery of RPL that is fully integrated with downstream petrochemicals units of RIL, which manufacture naphtha-based aromatics as well as propylene-based polymers.

April 12, 2006 Chevron Chevronが共同事業者として参加
Chevron Announces
Agreements with Reliance to Purchase 5 Percent Stake in India
Refinery and Collaborate on Energy Projects
Chevron invests $300 million to
acquire position in Jamnagar export refinery with rights to increase stake
to 29 percent
Chevron Corporation today announced that it will spend
approximately $300 million to purchase five percent of
Reliance Petroleum Limited (RPL), a company formed by Reliance
Industries Limited (Reliance) to own and operate a new export
refinery being constructed in Jamnagar, India. RPL plans to
commence an initial public offering (IPO) with the net offering
to the public of 10 percent of the company from April 13, 2006
until April 20, 2006.
RPL plans to develop a 580,000 barrels per day crude
capacity refinery,
which is expected to begin operation in December 2008. Chevron
has future rights to purchase additional shares to increase its
equity ownership to 29 percent.
2006/3/10
Indian Business Insight
政府はDow
Global との技術提携契約の申請を承認
インドの化学・石油化学省は、Reliance
Petroleum がJamnagar経済特区に建設するPP装置のために申請していたDow
Global Technologies との技術提携契約を承認した。
RPL is setting up a polypropylene plant at Jamnagar with a capacity of 9 lakh tonnes per annum (tpa). 90万トン
Dow Chemical may invest Rs5,000 crore in Reliance's Jamnagar SEZ
Dow Chemical, the US-based
chemical major, may set up a large petrochemical facility in the
Jamnagar SEZ of Reliance, next to the proposed Reliance Petroleum
(RPL) refinery. According to unconfirmed media reports, Dow may
invest up to Rs5,000 crore in the project.
(crore =
1000万ルピー, 20万ドル RS5,000crore
=1 billion $)
Reliance had invited global petrochemical companies like Dow, Shell, Exxon Mobil and Mitsubishi Chemical to set up downstream units in the SEZ.
A manufacturing presence in India would offer these companies proximity to the fast growing Asian markets including China and India. They are also assured of feedstock from RPL's mega-refinery unlike western countries which are struggling from lack of refining capacity.
Dow is the technology vendor to the 9-lakh tonnes per annum polypropylene plant being set up by RPL as part of the refinery complex. RPL would pay $26.5 million for the technology.
The Dow Chemical Company is one of the largest specialty chemicals company in the world, known for its research and product innovation capabilities. The company has an asset base of $46 billion and total revenues for the year 2005 stood at $46.3 billion. The company employs more than 42,000 people globally and has a market cap of $39.5 billion.
Dow ranks 36 in the Fortune 500 list of largest American companies.
In 2001 Dow Chemical took over Union Carbide, the company behind the Bhopal gas tragedy. In March this year, a group of US-based investment funds wrote to Dow Chemical to pay $500 million to the victims of the gas tragedy. The company has refused to accept any liability so far.
2002/12/6
Global Funds Tell Union Carbide To Settle Bhopal Gas Leak Claims
http://www.financialexpress.com/fe_full_story.php?content_id=23259A group of international investor funds which includes Trillium Asset Management, Domini Social Investments and the Calvert Group (together managing a combined asset value of $13 billion) have advised Union Carbide to settle claims of economic, health and environmental liabilities of over $500 million (Rs 2,500 crore) stemming out of the Bhopal gas leak. The company risks losing billions of dollars in market capitalisation if it fails to do so.
Reliance Industries
Limited operates world-class manufacturing facilities at Naroda,
Patalganga, Hazira and Jamnagar, all in western India.
The Naroda
facility, near Ahmedabad, houses a textile plant on a 150 acre
site. The Patalganga complex, near Mumbai, has polyester, fibre
intermediates and linear alkyl benzene manufacturing plants and
is spread over 200 acres of land. The Hazira complex, near Surat,
has a naphtha cracker feeding downstream fibre intermediates,
plastics and polyester plants and is spread over 700 acres of
land. The Jamnagar complex has a petroleum refinery and
associated petrochemical plants making plastics and fibre
intermediates. It is spread over 7,400 acres of land.

The Jamnagar complex primarily has a 27-million tonnes per annum refinery of RPL that is fully integrated with downstream petrochemicals units of RIL, which manufacture naphtha-based aromatics as well as propylene-based polymers.
Reliance plans to start up its fourth 280,000 mt/yr polypropylene (PP) line in 2006.
Three PP lines of total capacity of 770,000 mt/yr in the same siteRPL is setting up an export oriented Refinery (27 MMTPA) and Polypropylene Plant (1 MMTPA), in a Special Economic Zone (SEZ) in Jamnagar, Gujarat at an estimated cost of USD6 billion. (approx. Rs27,000 crore).
ーーー
The
Hazira complex
of Reliance Industries is spread across 1000 acres of land on the
banks of river Tapi, near Surat in Gujarat. The complex
manufactures a wide range of Polymers, Polyesters, Fibre
Intermediates and Petrochemicals.
The first phase of
the complex was commissioned in 1991-92 to generate power/utility
and to manufacture Ethylene Oxide (EO), Mono Ethylene Glycol
(MEG), Vinyl Chloride Monomer (VCM), Poly Vinyl Chloride (PVC)
and High Density Polyethylene (HDPE). A jetty was built for
loading and unloading operation of raw material and final
products.
The second phase of
the project, started in 1995, involved commissioning of the
Polyester Complex (POY & PSF) and continued in full backward
integration with commissioning of the new Polypropylene (PP),
Naphtha Cracker, Purified Terephthalic Acid (PTA) plants and also
involved expansion of existing phase 1 plants.
Total Investment
Over US$ 3 billion
has been invested at RIL, Hazira.
Plants and Capacities
| Plants | Licensor Technology | Startup | Capacity ( KTA ) Installed |
| CPP & U | May 1991 | 60 MW | |
| MEG 1 | Shell | Sep. 1991 | 100 |
| PVC | Geon | Dec. 1991 | 160 |
| VCM | Geon | Apr. 1992 | 160 |
| PE 1 | Du Pont | Jul. 1992 | 160 |
| POY | Du Pont | Dec. 1995 | 120 |
| PP | UCC | Sep. 1996 | 360 |
| PSF | Du Pont | Sep. 1996 | 160 |
| PTA 1 | ICI | Jan. 1997 | 350 |
| CPP 2 | 1996-1998 | 190 MW | |
| Cracker | S & W | Mar. 1997 | 750 |
| Aromatics | HRI/Mobil | Mar. 1997 | 350 |
| MEG 2 | Shell | Mar. 1997 | 120 |
| PE 2 | Nova | May 1997 | 200 |
| PET | Sinco | Oct. 1997 | 80 |
| PFF | Du Pont | Oct. 1997 | 30 |
| MEG 3 | Shell | Oct. 1997 | 120 |
| PTA 2 | ICI | Nov. 1997 | 350 |
ーーー
Patalganga
| Plant | Process Licenser | Start up date |
| Polyester Filament Yarn (PFY) | Du Pont | Oct.1982 |
| Polyester Staple Fiber (PSF) | Du Pont | Mar.1986 |
| Purified Terephthalic Acid (PTA) | ICI (U K) | Feb.1988 |
| Paraxylene Plant (PX) | U.O.P (USA) | Nov.1988 |
| Linear Alkyl Benzene Plant (LAB) | U.O.P (USA) | Nov. 1987 |
| L A B (Front End) | U.O.P (USA) | Mar.1992 |
| A-3 Tank Farm | May 1992 | |
| Reliance Industrial Infrastructure Limited Pipe line from BPCL to PG | May 1992 |
ーーー
Naroda
complex
represents the largest investment in the textile industry at a
single location.
Naroda complex is
India’s most modern textile complex - a
recognition bestowed by the World Bank.
RIL board approves $3bn
cracker project in Jamnagar.
To
set up largest integrated 2 MMTPA petrochemical complex
RIL
Board approves 12 Crore Preferential Warrants to promoters
Dr.
R A Mashelkar appointed Director on RIL Board
| The Board of Directors of the Company met today and took the following decisions: | |
| 1. | Confirm the decision taken on 9th November, 2006 to raise US $2 billion to finance the capital expenditure plan for oil and gas business through External Commercial Borrowings by way of debt. |
| 2. | Raise further equity by way of preferential issue of 12 crore warrants exercisable into equal number of equity shares of Rs.10 each of the Company to the Promoters as per SEBI guidelines for Preferential Issues, subject to shareholders approval. An amount equivalent to 10% of the price would be paid on allotment of warrants and the remaining 90% would be paid at the time of subscription to equity shares on exercise of rights attached to the warrants within a period of 18 months. On exercise of such rights the paid up capital of the Company will increase from Rs 1393 crores to Rs 1513 crores. |
| 3. | Build one of the largest integrated cracker and petrochemicals complex with a total capacity of 2 mmtpa in the SEZ at Jamnagar. This cracker will use refinery off gases and other byproducts as feedstock to manufacture ethylene, propylene and its downstream commodity and speciality derivatives. The proposed facility will be built at a capital cost of US $ 3 billion and is expected to go on stream by 2010 -11. This unique integration with the refinery will place the proposed cracker complex at par with the most efficient producers of olefins and derivatives in the world including those in the Middle East and will enable the Company to achieve one of the most competitive cost positions. |
| 4. | Appoint
Dr. R.A. Mashelkar as an independent director on the
Company’s board, subject to
necessary Government approvals. |
MARCH 08, 2007 REUTERS Reliance-IPCL merger in pipeline
Reliance and IPCL to merge?
Plans by Reliance
Industries Ltd to absorb its Indian Petrochemicals Corp Ltd
(IPCL) unit have been long expected and so were unlikely to
significantly boost the unit's shares, analysts said.
Reliance, India's top petrochemicals maker, said on Wednesday its
board would meet on March 10 to consider the amalgamation of IPCL
with itself.
"This merger was always on the cards and the markets are not
in a phase today where they will blindly take stocks
higher," said V K Sharma, head of research at Anagram Stock
Broking Ltd.
Analysts said IPCL shares may not see much upside on Thursday as
the amalgamation would be in Reliance's favour, and that current
stock prices could be the benchmark for the share swap ratio.
"Reliance's history shows that it always takes the cake when
it merges some or the other entity with itself," Sharma
said. Indian media said the market was speculating on a merger
ratio of one share of Reliance for anywhere between three and six
shares of IPCL.
"I don't want to speculate, but everyone knows that
Reliance's share price is trading 6.5 times higher than
IPCL's," said Jigar Shah, head of research at brokerage firm
K R Choksey.
Reliance Industries bought a 26 per cent stake in IPCL in 2002
from the government, and has subsequently raised its stake to
over 46 per cent.
In June 2002, the Government of India as a part of its disinvestment programme divested 26% of its equity shares in favour of Reliance Petroinvestments Limited (RPIL), a Reliance Group Company, India's fastest growing and most admired private sector group founded by visionary entrepreneur Shri Dhirubhai H. Ambani. RPIL acquired an additional 20% equity sh
India Times 2007/5/16 ブログ
RPL selects Dow
technology for polypropylene
Reliance Petroleum Ltd, a unit of Reliance Industries building a
refinery and petrochemical complex at Jamnagar in Gujarat, has
selected Dow Chemical's technology for production of
polypropylene.
RPL has selected the UNIPOL-PP Process for its 900,000
tons per annum polypropylene production unit at the special economic zone
adjacent to RIL's existing Jamnagar complex. 既報では100万トン
"Startup is
scheduled in December 2008," Dow Global Technologies
Inc, a wholly-owned subsidiary of Down Chemical Co, said in a
press release here.
RIL, Asia's largest producer of polypropylene, currently operates
four UNIPOL PP Process lines at its Jamnagar complex and two
UNIPOL PP Process lines at its Hazira complex.
"The new facility will produce a full range of homopolymers
to supply the growing markets in Asia," it said.
Licensees of the UNIPOL PP Process operate more than 35
production lines around the world, accounting for more than 5.5
million tons of global polypropylene production.
September 4, 2007
Reliance
Reliance makes a strategic acquisition in East Africa
Towards global ambitions in the petroleum sector
Reliance has acquired a Majority stake and Management control of Gulf Africa
Petroleum Corporation (GAPCO), a company which has a significant
presence in East Africa in the petroleum
downstream sector.
The acquisition has been made through a wholly owned subsidiary,
Reliance Industries Middle East, Dmcc (RIME), a company
registered in United Arab Emirates.
GAPCO, an entity based in East and Central Africa with
headquarters in Mauritius, owns and operates large storage
terminalling facilities and a retail distribution network in
several countries - including Tanzania, Uganda, Kenya. It also
owns and operates large storage terminals in Dar Es Salaam
(Tanzania), Mombassa (Kenya), Kampala (Uganda) and has other well
spread depots in East & Central Africa. It also operates more
than 250 Outlets covering retail and industrial segments.
The deal, which is one of the biggest mergers in recent years in the region, will see Reliance controlling a 51% majority stake in the Gapco Group, while the Kotak family will now remain with 49%.
Gapco Group is a regional multinational company which has heavily invested in Tanzania, Uganda, Rwanda, Burundi, Kenya, Zambia, Malawi and Sudan.
GAIL - RIL Sign MoU To Set Up Petrochemical Plants globally
Reliance Industries
Limited (RIL) and GAIL (India) Limited today signed a Memorandum
of Understanding (MoU) for Joint Co-operation in Petrochemicals.
Under the MoU, GAIL and RIL will explore opportunities for setting up
petrochemical complexes outside of India in feedstock rich
countries. Identified
opportunities will be examined by a Working Group, consisting of
representatives from both the companies. GAIL and RIL will set up
a Special Purpose Vehicle (SPV) for setting up petrochemical
complexes abroad.
The Working Group is examining such opportunities in Middle East,
Russia and FSU (former
Soviet Union) countries.
In addition, the two companies will also examine the
possibilities of mutual co-operation in the domestic market.
Dec.17, 2007 economictimes.indiatimes.com
Reliance, GAIL identify 10 countries for petrochemical plant
Reliance Industries, India's most valued company, and state-run gas firm GAIL India have identified 10 countries including Qatar, Australia and Russia for setting up a multi-billion-dollar petrochemical plant.
An MoU signed by RIL and GAIL on December 4 lists Qatar, Abu Dhabi, Bahrain, Vietnam, Australia, South Africa, Angola, Mexico, Russia and Former Soviet Union countries as areas where the two would explore jointly establishing up to 2 million tons chemical plant.
Back home, the two companies would also cooperate in areas of distribution and marketing of petrochemicals, including 'product-swapping'.
Jun 12, 2008 Thomson Financial via COMTEX
Reliance says to add 900,000 tonnes/yr polypropylene capacity at Jamnagar
Reliance Industries Ltd.
said the company will commission a 900,000 tonne per
annum polypropylene facility
this year at its flagship Jamnagar site in the western state of
Gujarat, making it the world's third-largest producer.
At the company's AGM on Thursday chairman Mukesh Ambani said it
will also commission a 580,000 barrels per day oil
refinery at Jamnagar "earlier
than scheduled" this year.
The 7th largest manufacturer of Polypropylene (PP) in the world, Reliance would shortly be amongst the top five global producers of PP with the capacity reaching 2835 KTA from the present capacity of 1,735 KTA (上記増設前)
Reliance Polymers offers the entire range of Polyethylene (PE) viz. High Density Polyethylene (HDPE), Linear Low-density Polyethylene (LLDPE) and Low Density Polyethylene (LDPE) with a total capacity of 990 KTA.
Reliance Polymers is India's largest manufacturer of suspension grade Polyvinyl Chloride (PVC), with a capacity of 625 KTA per annum and a wide range of viscosities.
Reliance plans a 200 kt/yr PET plant for Kinston, NC by end 2009
India's Reliance
Industries plans to build and have online a 200,000 mt/year
bottle resin PET plant in Kinston, North Carolina, by
the end of 2009, a source close to the company said Tuesday.
The site currently produces polyester yarn (POY) but Reliance
plans on taking the spinning machines from Kinston back to India
where the company would produce POY to sell in India's growing
polyester market.
June 21, 2008 journalnow.com
Unifi Kinston LLC subsidiary sold to Reliance Industries
Unifi Inc. said in a regulatory filing that its Unifi Kinston LLC subsidiary has sold its polyester-manufacturing plant in Kinston for $12.2 million to Reliance Industries USA Inc.
Unifi said that the subsidiary would pay E.I. DuPont de Nemours about $3.7 million to satisfy certain demolition and removal obligations created by the sale of the assets.
Unifi said that it expects to record a gain of about $6.9 million when the sale closes in the first half of 2009.