GAIL’s first UNIPOL™ PE Process line starts operations in Pata Will produce 400,000 TPA polyethylene, total capacity now 8,10,000 TPA New Delhi, September 20, 2016: In a step towards realizing the ‘Make in India’ initiative of the Government of India, GAIL (India) Limited has successfully started its first UNIPOL™ PE Process line with the capacity to produce 400,000 tons of polyethylene (PE) per year. The total production capacity of GAIL’s Petrochemical plant at Pata, UP is now 8,10,000 tons per annum. GAIL’s flexible High-density polyethylene (HDPE)/ Linear low-density polyethylene (LLDPE) swing plant provides access to a full range of resin applications which will allow GAIL and its customers to capture new market opportunities as PE market demands are changing. The new process line gives GAIL the platform to expand its PE product capabilities, providing Indian PE converters with the high-quality, domestically-produced resin products needed for both large-volume markets as well as advanced performance applications. Introduction of UNIPOL™ PE Resin products in the Indian market has started receiving positive feedback from customers. GAIL team at the project site appreciated the US-based Univation Technologies team for providing good support to the commissioning of the project right from the hook up and the start-up of the new plant. About GAIL (India) Limited GAIL (India) Ltd., is India’s principal Natural Gas Company with activities ranging from Gas Transmission and Marketing to Processing (for fractionating LPG, Propane, SBP Solvent and Pentane); transmission of Liquefied Petroleum Gas (LPG); production and marketing of Petrochemicals like HDPE and LLDPE and leasing bandwidth in Telecommunications. The Company has extended its presence in Power, Liquefied Natural Gas (LNG) re-gasification, City Gas Distribution and Exploration & Production through equity and joint venture participations. GAIL owns and operates a network of about 11,000 km of Natural Gas high pressure trunk pipeline with a capacity to carry 206 MMSCMD of natural gas across the country. GAIL is one of the leading public enterprises with a consistently excellent financial track record. The Company recorded a turnover of Rs. 51,614 crore and Profit After Tax of Rs. 2299 crore in the financial year 2015-16.
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Invitation for India’s National Competitiveness Forum and Porter Prize 2015
It is a pleasure for me to invite you to the National Competitiveness Forum (NCF) and #PorterPrize event that is being organized on September 30, 2016, at The Leela, Gurgaon.
The event is co-designed by Mint, VIF, US Council on Competitiveness, India Council on Competitiveness & Institute for Competitiveness. The event is a discussion platform, aiming to set the agenda for India’s growth and competitiveness by engaging top leaders, renowned thinkers, and government functionaries. This year the event would focus on issues pertaining to Innovation, Intellectual Property Rights, Value Creation, Competitiveness, Social Progress, Creating Shared Value et al. We plan to make the day exciting with fruitful discussions, knowledge sharing and highlighting strategic issues through our deliberations.
The event towards the evening looks at honoring the best of firms in the country and unveils the winners of the #PorterPrize 2016. The central idea of the Porter Prize is to propel companies to compete on the basis of value creation, innovation and strategy and the corporates are awarded under the categories of distinctive positioning, tradeoffs, fit, industry architectural shift, etc.
The day starts at 2:00 PM with exciting line up of speakers as Ravi Venkatesan, Chairman, Bank of Baroda; Angshu Mallick, COO, Adani Wilmar; Bhaskar Iyer, MD, Abbott India; Rishikesha T Krishnan, Director, IIM Indore; Dr Ajit Prasad, Director, IIM Lucknow et al. The day is punctuated with keynotes from Professor Michael Porter, Harvard Business School; Wilfried Aulbur, Managing Director, Roland Berger; Santhosh Babu, Managing Director, OD Alternatives and Dr. Arvind Virmani, Former Chief Economic Advisor, Government of India.
To confirm your participation kindly write to me or RSVP email@example.com
The India Council on Competitiveness is a non-partisan and a non-governmental network of leaders from corporate CEO, University Chancellors and Civil Society leaders working to make India a competitive nation. he Council, created in collaboration with the U.S. Council on Competitiveness; is based in Gurgaon, India and is an association of distinguished members from industry, academia, think tanks, media and researchers. The mission of the India Council is to set an action agenda to drive Indian competitiveness, productivity and leadership in world markets to raise the standard of living for all Indians.
Institute for Competitiveness, India is the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School. Institute for Competitiveness, India is an international initiative centered in India, dedicated to enlarging and purposeful disseminating of the body of research and knowledge on competition and strategy, as pioneered over the last 25 years by Professor Michael Porter of the Institute for Strategy and Competitiveness at Harvard Business School. Institute for Competitiveness, India conducts and supports indigenous research, offers academic and executive courses, and provides advisory services to the Corporate and the Governments. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities and thus generate guidelines for businesses and those in governance; and suggests and provides solutions for socio-economic problems.
Asyou are aware, the year 2015 was marked by deflation of commodityprices globally bringing down steel prices. In the Indian context,the drop was steeper than that of other raw materials, leading to asevere pressure on operating margins of steel plants. Besides, weakdemand in major steel producing countries such as China, Japan andSouth Korea led them to focus on exports at aggressive prices,including India, adversely impacting the domestic industry. It hasled to prices of some products coming to a ten-year low in the Indianmarket.
TheGovernment of India has taken several prudent steps to protect thedomestic steel industry, including raising import duties on long andflat products. But duties for steel imports from countries with FreeTrade Agreements (FTA) – such as Japan and South Korea – are muchlower at 1 per cent.
Further,the non-ferrous metals industry (Aluminium, Copper, Zinc, Lead, Tinand Nickel) is looking for a level-playing field against the surge inimports due to inverse duty structure as well as dumping of cheapsubsidized goods from China. The situation has been aggravated byIndia having the FTAs with ASEAN countries, which allows duty freeimports of finished goods. This jeopardizes domestic producersincluding SMEs, and has already caused a substantial number of plantsin the country to shut down. However, Union Budget 2016-17 hasaddressed the rising import issue by increasing Customs Duty onprimary aluminium from 5% to 7.5% and Basic Customs Duty on otheraluminium products from 7.5% to 10%.
Withthe above measures in place, the Industry certainly, is expected tohave a promising future in the coming times.
Againstthis background, the IndianChamber of Commerce(ICC)is organizing the 5thIndia Minerals and Metals Forum on the 21stof September, 2016 in New Delhi. TheSummit, over the years, has evolved as one of the most prominentConferences on the metal and mineral Industry in the country.
MrBirender Singh, Hon’bleUnion Minister of Steel, Government of India will grace the occasionas the “ChiefGuestofthe summit.
Thedignitaries who will be attending the programme as Guestsof Honourare MrAnil Swarup,Secretary, Ministry of Coal, Government of India, MrBalvinder Kumar,Secretary, Ministry of Mines, Government of India andDrAruna Sharma,Secretary, Ministry of Steel, Government of India.
Othereminent dignitaries MrMalay Chatterji, CMD,KIOCL, MrS K Acharya, Chairman& Managing Director, Neyveli Lignite, MrSunil Duggal,CEO, Hindustan Zinc, MrHemal Shah, Partner,Ernst & Young, MrS K Roongta,Chairman, ICC National Expert Committee on Minerals & MetalsandMrVishal Agarwal, Chairman,ICC Odisha State Council and VC & MD, VISA Steel will alsoaddress the summit.
Onthis occasion, E & Y has prepared a Knowledge Document whichhighlights the overview of the Volatility in metal sector. The reportwill be released by the Chief Guest and other dignitaries presentduring the Inaugural Session.
National Vice President,
Akhil Bhartiya Patarkar Manch.
The Editor New Delhi, India News
New Delhi-Agra,India News:
Vice President,Delhi Chapter,
The Newspaper Editor's Society.
CEO:Enkay Sagar Holdings P Ltd:
Former Secretary,Delhi Region
International Theosophical Society.
The Spiritual Motivator:Consultant.