Reliance Petroleum Jamnagar project ahead of schedule
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Reliance Petroleum Jamnagar project ahead of schedule
 
Reliance Petroleum Ltd has increased it`s by Rs 1,390 crore for launching the Greenfield refinery at Jamnagar.

Now, the refinery project is expected to complete before the deadline on December. In a BSE statement, the Company said that it has achieved 94 per cent overall progress in executing the project.

This export oriented refinery of Reliance Petroleum will have a capacity to process 580,000 barrels a day of crude. The company is also going to set up a 900,000 tonnes a year polypropylene plant.

Reliance Petroleum in a statement said, "As on June 30, the company has utilised Rs 25,515 crore for the project against a projected utilisation of funds of Rs 24,125 crore. The variation is mainly due to payments in advance under project contracts for continued efficient and speedy implementation of the project."

The company sources also added that the project engineering, procurement and contracting activities have been completed for the refinery. The rapid work of the Construction activities is going on to meet pre-commissioning requirements. Planning for project start-up has completed.

The Company statement further added that the pre-commissioning activities are proceeding at a fast pace with necessary infrastructure facilities already under commissioning. The company has mobilised sufficient resources to sustain pre-commissioning and commissioning activities on fast track.

The equipment deliveries are almost complete. Deliveries of bulk materials, including pipes, fittings, electrical and instrumentation bulks matched the pace of equipment deliveries and their installation at site. The statement said that now the focus is towards achieving a rapid close-out on this front.

Posted On : 25 Jul 08
Reliance Petroleum Jamnagar project ahead of schedule
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