February 22, 2010

RIL in association with Lanka IOC

Sri Lanka- 75 per cent of Lanka IOC Plc's petrol and diesel demand for the first six months of the current fiscal has been met by Reliance Industries Ltd (RIL).

“For the first six months, of the 300,000 tonnes of products imported almost 225,000 tonnes have come from RIL,” Mr K.R. Suresh Kumar, Managing Director, Lanka IOC, told Business Line.

“In 2008-09 we had imported 550,000 tonnes of products of which 30-40 per cent came from RIL. Sri Lanka has just one refinery (owned by Ceylon Petroleum) with a capacity of 2 million tonnes, and the demand is close to 4 million tonnes for all petroleum products. Thus, to meet the balance demand we had to import.”

Reliance operates two refineries in Jamnagar -- one with capacity of 33 million tonnes and the other of 27 million tonnes.

Declining to share the numbers at which Lanka IOC sources these products from RIL, he said, “Lanka IOC procures through a tendering process and RIL has bagged orders against tenders. It is at a very competitive price.”

Lanka IOC sells auto fuels through its 151 retail outlets with plans to add 20 during the current calendar year. On how much is the company's performance impacted by the volatility in international crude prices, he said, “The performance is affected. As there is not much of storage capacity in the country, we have to import more frequently resulting in high costs.”

The company can storage products for less than a month.

Besides, the company also incurs revenue loss on sale of petrol and diesel as the price is fixed by the Sri Lankan Government. “Though there is constant interaction between the Government and the companies the prices are not completely in sync with international prices,” he said.

Currently, petrol is sold at Sri Lankan Rs 115 a litre (Indian Rs 50 a litre) and diesel is sold for Sri Lankan Rs 73 a litre (Rs 30 a litre). The revenue loss on petrol is Sri Lankan Rs 8 a litre and on diesel is Sri Lankan Re 1 a litre.

The company has no plans to enter the cooking fuel (domestic LPG) retailing business, he said. “For Lanka IOC the main revenue generator has been the retailing business. But now there is a conscious effort to change it by diversifying into bunker fuels and bitumen.”

On if the company has any plans to set up a refinery in Sri Lanka, he said, “It will not be economically viable.”

The company recently got Govt concessions for exports and is looking at exporting lubes to West Asia, Singapore, and Maldives.

Source- The Hindu Business line by R.Mishra

February 12, 2010

9km/day.. Kamal nath's target..

As the Central minister for Roads, Mr. Kamalnath has promised to speed up 9km/ day target, the state govt is catching up.. Pls read.

With re-pairing work of the controversial Maram-Senapati section of NH 39 picking up speed, Works Minister K Ranjit made a field inspection of the work today.

Even as the Government of India has sanctioned Rs 53 crores for development of NH 39, it is unlikely that the sanctioned amount can be utilised within the current working season as the tender process is taking a long time.

Under the existing condition, Maram-Senapati section of NH 39 would not be fit for vehicular traffic during rainy season.

Taking cognizance of this condition, the State Government engaged ten contractors and started hectic repairing work since the past few days.

Inspecting the repairing work today, Works Minister K Ranjit told media persons that the same section can be turned into a shapely highway by March provided there is no disturbance.

The Maram-Senapati section which is about 20 kms in length would require 571 metric tonnes of bitumen approximately.

So far, the contractors have been provided 130 metric tonnes of bitumen.

In the meantime, tender process at the Ministry of Highways and Surface Transport would be completed.

As such, NH 39 can be developed fully during the next working season.

The Minister also inspected the bitumen laying work along NH 150 near Oinam, Bishnupur.

Saying that road development work of NH 150 from near Raj Bhavan to airport was completed in time, Minister Ranjit said that bitumen laying of the second phase starting from airport till Churachandpur is in progress.

He lamented that the same work was halted during November and December last year due to disturbances from some quarters.

Stating that development work along Canchipur-Pallel section of NH 39 would be taken up soon, Ranjit informed that necessary amount for development NH 39 from Pallel to Moreh has also been sanctioned by the Ministry.

In his next stop, Ranjit inspected the preparatory work of temporary composite check post at Henbung along NH 39.Although the State Government has submitted a detailed project report putting the project cost at Rs one crore for the composite check post, the Ministry has not yet sanctioned the amount.

With a view to collect more revenue, the State Government has set completion target of the temporary composite check post in March, Ranjit said.

Land development work, construction of parking, office building and godown would be completed by March.

Pointing out that Manipur is a small state, the Works Minister claimed that Manipur can be turned into a developed State within a short period if no disturbances are posed to several projects taken up by different Government departments.

TD Minister DD Thaisii, MLA Haokholet Kipgen and MLA Bijoy Koijam were part of the Works Minister's inspection tour.
Source- e-pao.net.

Mastic Asphalt Coat

The Calcutta Municipal Corporation (CMC) has taken up a project to lay a mastic asphalt coat on all motorable roads in the city proper before Puja.

According to civic engineers, laying bitumen on the surface is the cheapest way to metal a road. Bituminous roads are good in dry weather. A layer of mastic asphalt prevents water from seeping to the bitumen.

Out of the 2,500km of roads in Calcutta, only 200km have received a mastic asphalt top coat in the past eight years. Another 50km of roads is currently being coated with mastic asphalt. The civic authorities have allotted Rs 50 crore for the purpose.

Source- The Telegraph