Gas production commences from Dhirubhai 1 and 3 discoveries in the KG-D6 Block

Project completed 3 years ahead of schedule. RIL joins elite league of deepwater oil & gas operators

Reliance Industries Ltd (RIL) commenced production of gas from the Dhirubhai 1 and 3 discoveries of the KG-D6 block in the Krishna Godavari Basin, located off the East Coast of India, in the Bay of Bengal. The gas from offshore is being received at its world class onshore facility at Gadimoga, in the East Godavari district of Andhra Pradesh and delivered to the East West Pipeline of Reliance Gas Transportation Infrastructure Ltd. (RGTIL). With this, RIL has commissioned one of the world’s largest deepwater production facility in the same block in which RIL already discovered oil reserves (Dhirubhai - 26) and commissioned trial production earlier.

India’s energy security in focus

At peak production of oil & gas, the KG-D6 facility is expected to produce over 550,000 barrels of oil equivalent per day. Production from the Dhirubhai 1 and 3 discoveries of the KG-D6 block will result in a quantum leap towards achieving India’s energy security.

Overcoming daunting engineering challenges

RIL has started gas production in six and a half years from discovery, in comparison to the world average of 9-10 years for similar deepwater production facilities. This achievement is especially commendable as the Bay of Bengal is known for its extremely hostile weather conditions, inundated with storms, cyclones, waves up to twenty meters in height and subsea currents of over 4 knots, except a fair weather window of four months every year. RIL also had to overcome supply chain challenges and manpower shortages to adhere to tight schedules. Start of production of gas from the KG-D6 block was a complex task, requiring engineering ingenuity to develop critical infrastructure and

use of latest cutting edge technology, never experienced in the region before. With this project, RIL has joined a select club of global deepwater operators.

The facilities comprises of wells, sub sea architecture, which are connected by flow lines and production risers to a Control and Riser Platform (CRP) and are tied back to the Onshore Terminal (OT), approximately 60 kms from the gas fields - amongst the longest tie backs in the world. At the seabed, equipment equivalent to over 110,000 MT tones of steel weight and over 2400 line kilometers of flowlines and umbilicals have

been installed to construct a deepwater production system. Subsea installations were carried out by remotely operated vehicles (ROVs) at the sea bed depths ranging from 600 metres to 1200 metres, well beyond diver depths. At the peak of offshore construction, the largest marine construction spread in the world comprising of 89 vessels was deployed in an area of 400 square km.

Meeting the demand-supply gap

The gas project is set to have a sizeable upside for RIL’s bottomlines. This is because RIL will be supplying gas to the domestic market, which has a huge demand-supply gap, with fertilizer and power companies running plants at sub-optimal levels for want of the fuel.

The current demand for gas in India is estimated be to nearly 190 million standard cubic metres per day (mmscmd), against a supply of 80 mmscmd, resulting in a shortfall of over 110 mmscmd. The KGD6 field is expected to reach a peak production of 80 mmscmd by the end of 2009.

The K-D6 block (KG-DWN-98/3) in Krishna Godavari basin was awarded to RIL and Niko consortium under NELP-I. RIL holds 90% participating interest (PI) and Niko Resources Ltd holds 10% PI in the block.

RIL’s partners in the project execution were Aker Kvaerner Group, Allseas, Afcons, Bechtel, Cameron, GE, Halliburton, Hellix, L&T, McDermott, Schlumberger, Siemens, and Transocean amongst others.

Aker solutions has delivered a complete subsea production systems including umbilicals to the deepwater gas field.

 

 Bayer to set up new polyurethane raw materials manufacturing facility in India

Bayer Material Science will invest Euro 20 million in a new plant in Ankleshwar (Gujarat) to manufacture polyurethane raw materials. It is expected to produce Desmodur® polyisocyanates from 2011 onwards. Desmodur® polyisocyanates are the raw materials for formulation of a variety of polyurethane coatings, adhesives and sealants. Desmodur®L will be used for coating wood and furniture as well as in formulations of adhesives for flexible packaging and Desmodur®N will be used in the automobile, industrial and plastic coating sectors.

Dr Joachim Wolf, Head of Coatings Adhesives, Specialities (CAS) Business unit said "the coatings and adhesives sector will continue to establish itself in India as its economy grows." We believe India holds much for promise for sustainable market growth despite the currently weak global economic scene.

 

  Alfa Laval wins major order for heat exchangers

Alfa Laval has won an order for heat exchangers from an aluminum production company in India. The order value is about SEK 65 million and final delivery is scheduled for 2010. The Alfa Laval heat exchangers will be used in an early stage of the process where ore is heated up under high pressure to start the extraction of alumina. The extracted alumina is later treated in separate smelting facilities to produce aluminum.

"We have seen a good development of this business over the past two years. This is our second large order in six months to the Indian aluminum industry", says Lars Renström, CEO and President of the Alfa Laval Group.

 

       IOC to commission projects worth Rs 30,000 cr next fiscal

 Indian Oil Corporation (IOC) has set itself a challenging target of commissioning projects worth Rs 30,000 crores during the next fiscal. This has been stated in the MoU signed with the Govt for the fiscal year 2009-10. The projects include a naphtha cracker at Panipat; residue upgradation project at Koyali Refinery; a once-through hydrocracker at Haldia; and Panipat Refinery additional expansion project (12 to 15 MTPA).

Its projects are planned to ensure optimum utilization of resources and increase operational efficiency in both refineries and marketing divisions. Substantial cost reduction at the operational level is a major thrust area of the MoU, the statement said. Focus will remain on ongoing projects such as residue upgradation project at Koyali Refinery in Gujarat and petrol quality upgradation project at Panipat, Mathura, Barauni, Guwahati and Digboi refineries. The MoU also sets an emphasis on physical parameters such as crude oil throughput, energy factor and project milestones. IOC’s R&D Centre will help compare the impact of jatropha bio-diesel on the environment vis-à-vis petrol and diesel for various transportation modes. New parameters included in the MoU are corporate social responsibility initiatives e-procurement and setting up a network and infrastructure for polymer marketing.

IOC to set up delayed coker plant at Haldia

IOC will be setting up a delayed coker plant at Haldia with an investment of Rs 3,000 crore. Land has already been acquired for the purpose and the plans also include the setting up of a petrochemical plant.

The capacity planned for the delayed coker units is about 1,20,000 barrels per day at Haldia. The delayed coker plant will help IOC enhance its refining capacity at Haldia and help in the production of more value added products, enhance the distillate yield of the refinery and increase the complexity of the refinery so as to refine higher quantities of cheaper heavy high sulphur crude.

 

Ion Exchange (India) wins Rs 126 cr order from NTPC-TNEB JV

Ion Exchange (India) Ltd has been awarded a prestigious Rs 126 crore contract to set up a sea water reverse osmosis (SWRO) plant for NTPC-Tamil Nadu Energy Co Ltd (NTECL), a joint venture between public sector firm National Thermal Power Corporation (NTPC) and Tamil Nadu Electricity Board (NTEB).

The 3x275 m3/h SWRO plant for the 3x500 MW thermal power plant at Vallur near Chennai will treat processed sea water to give demineralised water for use in the boiler drum for steam generation. Its key features include salt rejection ranging from 90% to 98% and product recovery ranging from 50% to 80% based on feed water composition. A small part of the reverse osmosis water will also be used as drinking water.

 

Tecnimont ICB successfully commissions Carbon Dioxide plant ahead of schedule

Tecnimont ICB Pvt Ltd (TICB) has successfully commissioned a Carbon Dioxide (CO2) Recovery (CDR) unit for Nagarjuna Fertilizers and Chemicals Ltd (NFCL) at Kakinada in Andhra Pradesh. The plant was formally inaugurated on March 24th 2009 by NFCL Chairman and Managing Director, K S Raju.

This Carbon Dioxide Recovery Unit can capture 450 metric tons per day of CO2. The plant was constructed by Tecnimont ICB Pvt Ltd (TICB), a leading Engineering, Procurement and Construction (EPC) company in India and the technology was licensed by Mitsubishi Heavy Industries Ltd (MHI). This plant will recover CO2 from flue gas

emitted during the ammonia production process, (which uses natural gas as fuel), and will provide the captured CO2 as feedstock for urea production. The scope of MHI was for basic know-how and licensing while TICB was vested with Engineering, Procurement and Construction on lumpsum turnkey.

Due to the intensive efforts of NFCL, TICB and MHI the project was completed two months ahead of schedule. On the occasion of commissioning, TICB Managing Director Pietro Alessandrello said that "TICB has achieved another feat by completing NFCL CO2 Recovery plant two months ahead of the scheduled plant completion date. This has been possible by the constant efforts of TICB team members, Technology Partner Mitsubishi Heavy Industries (MHI), Japan and NFCL team. We are indeed pleased at this achievement and determination of our people."

TICB began its stint in carbon capture with two of "first of its kind" 450 MTPD CO2 recovery contracts on lumpsum EPC awarded by IFFCO, an Indian fertilizer major, in the year 2005 and since then TICB has commissioned three such CDR projects in India and is in the advanced construction phase for a similar capacity CDR Project for Gulf Petrochemical Industries Co (GPIC) in Bahrain.

 

GE-Hitachi signed agreements with BHEL & NPCIL for building power reactors

A joint venture of US-based General Electric and Japan’s Hitachi (GEH) has signed two agreements with the Nuclear Power Corporation of India Ltd (NPCIL) and Bharat Heavy Electricals Ltd (BHEL) for building nuclear reactors for power generation in India. GEH along with NPCIL and BHEL are planning to raise the necessary resources required in the manufacture and construction of a multiple unit Advanced Boiling Water Reactor (ABWR) nuclear power station. The 1350 MW ABWR technology is the world’s only commercially proven Generation III reactor design.

 

DSM opens new engineering plastics compounding plant in India

Royal DSM NV, the global life sciences and materials sciences company headquartered in the Netherlands has opened a new manufacturing facility for producing engineering plastics compounds in India. With this new greenfield facility, DSM underlines its long term commitment to one of the world’s largest and fastest growing emerging economies.

The plant, located at a 25 acre site at MIDC Ranjangaon industrial zone, about 60 km from Pune, triples capacity for the production of Akulon® PA6, Arnite® PBT and PET and Stanyl® PA46 in India. It is also the largest polyamide and polyester compounding facility in the country. Materials produced by the facility are used in manufacturing molded components for the automotive, electrical and electronics and consumer goods industries.

An increased presence in emerging economies is one of the key strategic drivers of DSM’s Vision 2010 strategy. India, with an average GDP growth of nearly 7% in the past ten years, is an important part of this strategy.

DSM Engineering Plastics’ success in India is highlighted by its association – from an early phase onwards – with the Tata Nano car, which was launched recently. For more than 20 parts in under the bonnet components as well as parts for transmission, DSM’s engineering plastics have been approved.

In addition to the injection molding compounds, DSM has also introduced innovative and differentiated products for the film market such as Akulon® XP, which combine better processing with higher quality. DSM applies the same high technology and environmental standards as used in its other manufacturing operations around the world. The plant is fully equipped with best-in-class safety, health and environment compliance systems and uses state-of-the-art compounding technology. The design of the manufacturing facility allows for additional capacity expansion to accommodate further growth in demand in the future.

 

Bongaigaon Refinery merges with IOC

Assam-based Bongaigaon Refinery and Petrochemicals Ltd (BRPL) has merged with parent company IOC with effect from 26th March 2009. The merger will have a positive impact on IOC’s bottom-line by way of avoiding double taxation on product transfer from Assam to the plains of West Bengal. According to estimates the double taxation now makes the group poorer by Rs 80 crore.

IOC will also go in for a capacity expansion of 2.35 million tonne in BRPL to take advantage of tax breaks in the state by pumping imported crude through Paradip-Haldia-Barauni-Guwahati pipeline network.

 

L&T bags Rs 1344 cr refinery orders from MRPL, Mangalore

Mangalore Refinery and Petrochemicals Ltd (MRPL) has awarded Larsen & Toubro (L&T), two large project orders for Rs 1344 crores, including a 3.7 MMTPA diesel hydrotreating unit and a 70,000 TPA hydrogen generation unit (HGU) in the ‘Phase - III Refinery Project’ at Mangalore. The projects will enhance capacity and upgrade fuel quality to meet Euro IV specifications.

MRPL, a subsidiary of Oil & Natural Gas Corporation Ltd (ONGC) has existing refinery facility with a capacity of 12 MMTPA at Mangalore. As part of Phase - III expansion projects, with an objective to increase refinery capacity and also to improve the diesel fuel quality to achieve Euro IV specifications, MRPL has awarded these orders on lumpsum turnkey basis to L&T.

Engineers India Ltd has been retained by MRPL to provide services for project management consultancy for both the projects.

Axens, France is the process licensor for the first project, i.e., diesel hydrotreating unit. For the second project, i.e., hydrogen generation unit, L&T will utilise the world renowned hydrogen technology of Haldor Topsoe AS, Denmark, who will act as L&T’s Process Licensor for this project.

 

Dr S Hariharan appointed COO of Solaris Chemtech Industries

Dr S Hariharan has recently been ap-
pointed as Chief Operating Officer of Solaris Chemtech Industries Ltd, a member company of the Avantha Group. He has been assigned the responsibility of taking the organizational capabilities of Solaris to the next level by using his leadership skills.

He intends to articulate and execute business strategies and operational plans to aggressively transform and grow the company to US $750m with an EBITDA of US $175m by 2015 in line with Avantha Group’s business growth plans. The position reports to the Avantha Group Corporate Management Team headed by Gautam Thapar.

Dr Hariharan spent the past two and a half years with Atul Ltd where he held the post of President Aromatics, Bulk Chemicals and Intermediates Division and Director Atul Europe Ltd and Amal Ltd. His strategic initiatives led to the turnaround of the Aromatics Division from Rs 168 cr. Sales in 05/06 to Rs 307 crore sales in 08/09 fiscal.

Earlier he was Global Head for Quality Systems at International Flavours and Fragrances Inc. (IFF), where he implemented, staffed and monitored Business Process Quality Systems and practices across all aroma chemicals and natural ingredients manufacturing sites in USA, Europe and Asia.

A graduate in science from Karnataka University, he did his M.Sc. in Organic Chemistry, obtained the University’s second rank with distinction. He got his doctorate from IIT, Bombay in synthetic organic chemistry.

Dr Hariharan is a forward thinking and energetic manager with turnaround expertise which he uses to analyse key business drivers and develop strategies to grow the bottom line.

 

 NABL certification for Clariant’s corporate product safety lab

Clariant Chemicals (India) Ltd’s corporate product safety lab received the prestigious ISO 17025 certificate of accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL), Dept of Science & Technology, Govt of India recently.

Located at Kolshet in Thane, near Mumbai, Clariant’s Corporate Product Safety (CPS) Laboratory received the globally-recognized accreditation for its chemical testing. This milestone comes within two years of creation of the laboratory and is seen as a major endorsement of the quality of testing performed at this world-class facility.

The laboratory was primarily set up to cater to the requirements of Clariant. However, it now performs tests, within the scope of its accreditation on products manufactured by Clariant affiliates as well. It ensures that the products comply with the company’s own stringent guidelines and the health, safety and environmental legislation of the various countries. This includes the new European chemicals regulation REACH.

Textile, leather and paper products, dyes and pigments, together with various industrial and fine chemicals are all tested in the laboratory. Theability to test in-house has also enabled the company to make significant annual cost savings. Mounting awareness and concern for consumer and environmental protection, together with increasingly stringent statutory regulations, retailer standards and various eco-labeling requirements, have made product safety testing a mandatory pre-requisite for doing business in today’s market. With globalization, meeting various norms, ensuring country-wise registration and providing compliance assurance has become vital for sustainable business growth.

The lab also conducts third party testing on demand. The CPS Lab has been accredited for 23 different tests. ISO 17025 accreditation not only assures established management systems, but also proves competency in testing and assures quality, reproducibility and accuracy of results.

 

L&T wins Rs 345 cr order for critical equipment for nuclear project

Larsen & Toubro, India’s
largest manufacturer of equipment for the nuclear power sector, has won the prestigious first order for design, manufacture and supply of 4 Nos. steam generators for 700 MWe Pressurized Heavy Water Reactors (PHWR) from the Nuclear Power Corporation of India Ltd (NPCIL). The steam generators are critical & long lead equipment to be supplied to Kakrapar Atomic Power Project – 3 & 4. These will be the largest steam generators built in India so far, and will enable an increase in the size of future indigenously built nuclear power projects from 540 MWe to 700 MWe. L&T is playing a pivotal role in the development of technology & capabilities for the Indian nuclear power sector.

 

Venu Srinivasan elected CII President

Venu Srinivasan, Managing Director, Sundaram-Clayton Ltd and
Chairman & Managing Director, TVS Motor Company Ltd, has been elected as the President of CII for the year 2009-10. He succeeds K V Kamath as the new CII President.

An engineer with a Masters’ Degree in Management from Purdue University, USA, Mr Srinivasan is the Honorary Consul General of Republic of Korea, Chennai, and a Member of the Prime Minister’s Council on Trade & Industry. Mr Srinivasan has also held positions as President of The Automotive Research Association of India and President, Society of Indian Automobile Manufacturers.

Srinivasan was chosen as a ‘Star of Asia’ by Business Week International, along with the Chairman of Toyota, Japan. He is the first Indian industrialist to receive an honorary ‘doctorate degree in science’ from the University of Warwick, UK, for excellence in manufacturing and contribution in the field of technology and R&D. He also received the Jamshetji Tata Life Time Achievement Award 2004 from the Indian Society for Quality. Hari S Bhartia, Managing Director, Jubilant Organosys is the Vice President, CII .

A chemical engineering graduate of the Indian Institute of Technology, Delhi, Bhartia has been conferred Distinguished Alumni award by Indian Institute of Technology, Delhi in the year 2000.

Bhartia’s role in institutional work includes his role in various capacities with IIT, Delhi and IIT Kanpur as Chairman of the Board of Governors, and Confederation of Indian Industry (CII). He has been a member in several educational and science & technology programmes of Govt of India.

 

InformEx India 2009 Exhibition & Network Event hosted in Gujarat

India’s premier Exhibition & Network Event for fine and specialty chemicals and pharmaceuticals industries, InformEx India 2009 took place at the University Grounds in Ahmedabad in March 2009. The 3-day, hi-profile event is the first and only incarnation of InformEx outside of USA, which has a 25 year history of serving manufacturers and buyers of specialty and fine chemicals from all over the world. With a tagline which says ‘Chemistry you won’t find anywhere else’ InformEx India could boost the rapidly surging chemical and pharmaceutical industry of Gujarat.

 

Joint Indo-German Workshop on Microreaction Technology at NCL

A workshop on Microreaction Technology was held at National Chemical Laboratory (NCL), Pune jointly with German institutes during March 4-5, 2009, as part of NCL’s diamond jubilee year program. The workshop focused on exploring the various facets of microreaction technology for different applications.

Proactive approach needed by Indian industry

Dr Amol Kulkarni, NCL scientist and coordinator of the workshop, said that a new tool of microreaction technology has emerged in the last few years for

expediting R&D for process development and process intensification. Microreactors are miniaturized assemblies which allow continuous production of chemicals by providing significantly higher transport rates. It has received wide acceptance from the research labs and chemicals industry in the western world and Japan. The Indian chemical, pharmaceutical and allied industry needs to proactively take lead in understanding the new technology and deriving the associated benefits. NCL with proven strengths in organic synthesis, process development, reaction engineering and flow modeling has established a significant research program on microreaction technology. He briefed the audience on the importance and applications of microreaction technology and how they can be used for commercial production. Their relevance to industry and the demand of the technology for future was also emphasised.

Technology demonstration important

Welcoming the delegates Dr S Sivaram, Director, NCL in his inaugural address said that the microreactor technology workshop would help in understanding their applications in industry and R&D. It will lead to sharing of knowledge amongst the scientists and will lead to widen use of the technology in defined applications. Substitution of established technology is never easy. Therefore uniquely relevant applications of this technology has to be demonstrated. The goal of NCL is to build capacity and capability for R&D in this area and partner with industry on diverse applications. Dr. Sivaram hoped that the workshop would infuse more confidence amongst industry and further interest them towards exploring the technology for defined applications. Simultaneously, the academic scientists will need to identify gaps in this area of technology and work towards filing these gaps through focussed scientific research.

Applications in catalysis

Prof V Hessell, Director, IMM and Workshop Chairman initiated the first session with the presentation on "Sustainability through green processing: Novel process windows intensify micro processing and applications in catalysis".

 

Dr Reddy’s Labs to focus more on key markets abroad

Dr Reddy’s Laboratories will now focus more on key markets in its global generics business. It has decided to exit from small distributor-driven markets which have an overall contribution of less than one per cent to the top line. India has become Dr Reddy’s global manufacturing hub after shifting manufacture of key molecules from Betapharm (Germany) to India.

By realignment of its global generics /finished dosages strategy Dr Reddy’s will increase its focus on USA, Russia. US and German markets which account for 90% of the global generics revenue (for nine months ended Dec 2008).

 

  Novartis to increase stake in Indian subsidiary to 90%

Aimed at consolidating Novartis’ economic ownership and give it more freedom to operate in the Indian market, the Swiss company plans to increase stake in its Indian subsidiary to 90% from the existing 51 per cent. The Indian arm is the only listed entity Novartis has outside its headquarters in Basel.

Novartis has Rs 475 crore cash on its books and has good brands like the Rs 140 crore pain killer Voveran.

 

  5th BASF Boron Conference

Platform for scientific interaction

The 5th BASF Boron Conference
was held in Hyderabad between 3-5th March 2009. The slogan "From lab to launch – Discover new horizon" generated enthusiasm among the 160 odd experts from around the world, who discussed current trends and new applications of boron compounds in fine chemicals synthesis. The conference aimed to strengthen the dialogue between science and users from industry to identify new solutions. "The conference aims at creating a platform for scientific exchange in applied boron chemistry", said Dr Ulrich Bueschges, Group Vice President, Inorganic Specialties BASF SE, who inaugurated the conference.

Major topics covered include, applied boron chemistry in pharma, synthesis, stereo and regioselective reactions, cross coupling reactions and the great importance of boron compounds for the synthesis of active ingredients for the pharma industry.

The 6th BASF Boron Conference will be held in Germany in 2010.

 

   Reliance Industries signs GSPA with fertilizer companies

Reliance Industries Ltd (RIL) has signed the Gas Sales and Purchase Agreement (GSPA) with the customers in fertilizer sector for supply of natural gas to be produced from the KG-D6 block. The GSPAs were signed with 12 customers in the fertilizer sector for supply of approximately 15 million standard cubic meters (mmscmd) natural gas at 15 different urea manufacturing facilities.

The key highlights are:

The duration of contract under the GSPA is 5 years.

The gas price in GSPA is as per the formula approved by the Government.

The supply of gas is expected to commence shortly. East-West Pipeline built by Reliance Gas Transportation Infrastructure Ltd (RGTIL) would be used to transport gas from KG-D6 block to the fertilizer companies, by inter-connecting with pipelines of GAIL and GSPL.

The fertilizer companies also signed Gas Transportation Agreement (GTA) with RGTIL.

The following fertilizer companies will be supplied natural gas from KG D6: Nagarjuna Fertilizers & Chemical Ltd, Rashtriya Chemicals & Fertilizer Ltd, IFFCO, KRIBHCO, GSFC, GNFC, Tata Chemicals Ltd, National Fertilizer Ltd, Chambal Fertilizer & Chemicals Ltd, KRIBHCO Shyam Fertilizers Ltd, IndoGulf Fertilizer & Shriram Fertiliser & Chemicals Ltd.

Speaking on the occasion, Mr. PMS Prasad, President and CEO (Petroleum), RIL, said, "With the signing of GSPAs, KGD6 gas would reach all gas-based urea manufacturing units in India, and would eliminate the deficit in gas supply being currently faced by these units. The supply of natural gas to these units would result in additional production of approximately 7 million tones of urea per annum thereby reducing India’s import dependence and also reducing subsidies by the Government."

RIL would sell gas to the companies at $4.20 per million British thermal unit (mmBtu), as per the contract. However, the actual cost of the KG basin gas to the fertilizer companies would be higher due to the additional transportation charge, which would be levied depending on the distance and the terms of contract with the gas transporting firms such as Gail and Gujarat State Petronet.

 

  L&T inks MoU with Atomstroyexport for Nuclear Power Reactors

Larsen & Toubro (L&T) and Atomstroyexport (ASE) of Russia have signed a Memorandum of Understanding (MoU) for co-operation between the two companies for Russian design reactors VVER 1000. The MoU was signed by M V Kotwal, Member of the Board ans Sr Executive Vice President of L&T and Dan Belenkiy President ASE in Moscow.

The MoU will form the basis of co-operation between the companies and address needs for equipment and other services arising from the agreement signed between India & Russia on 5th December 2008, for four additional reactors KK3-6 at Kudankulam, Tamil Nadu and other Russian reactors at new sites in India.

According to the signed document L&T and ASE will develop co-operation in the construction of Kudankulam new power units, as well as during construction of plants under the Russian designs with VVER reactors at new sites in India, and also in other countries.

This MoU with ASE represents a major step for L&T into VVER component and systems manufacturing and services. It will enable L&T as well as ASE to utilize indigenous capabilities for nuclear power plants including supply of equipment and systems, valves, electrical & instrumentation products and fabrication of structural and piping and construction for the Russian VVER plants in India and in other global locations. Both L&T and ASE are optimistic about the emerging opportunities and see the possibility of future co-operation, in India as well as abroad.

 

Lupin acquires 51% stake in Multicare Pharma

Its sixth acquisition in 18 months, Lupin has picked up 51% stake in Philippines’ Multicare Pharmaceuticals, a branded generic-drugs company. The acquisition was made through internal accruals without divulging financial details.

"In the past too, Lupin has made acquisitions that are not too large, but are meaningful and can turn EPS accretive," said Lupin’s Mg Director, Dr Kamal Sharma. Lupin has been registering products in the Philippines and the latest acquisition will help it launch its products in that market.

This acquisition marks Lupin’s entry into the $2.5 billion pharmaceuticals market in Philippines, at present dominated by multinational companies. Under the agreement, Mr Romeo Sy, Multicare’s Founder, will continue to lead the company as President.

 

   INEOS wins LL/HDPE technology licence contract in India

INEOS Technologies has reached agreement with Brahmaputra Cracker and Polymer Limited (BCPL) to license the InnoveneTM G process for the manufacture of polyethylene in a plant to be built at Lepetkata, District Dibrugarh, Assam in north east India.

The plant will have a production capacity of 220,000 tonnes per annum in a single gas phase reactor. It will be capable of manufacturing a wide range of LLDPE and HDPE grades suitable for use in a variety of downstream film, rotomoulding, extrusion, raffia and injection moulding applications. It will form part of the Assam Gas Cracker Project, a grass roots integrated petrochemical complex being set up by BCPL. Process design of the plant is well underway.