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RCF gears up for safety audit of Trombay production complex

July 22: Rashtriya Chemicals and Fertilisers Limited (RCF) is seeking offers from appropriate companies for undertaking safety audit of its seven plants at Trombay production complex.
8The company says that the Safety Audit shall be carried out as per IS 14489:1998 (Code of practice on Occupational Safety and Health Audit).
8The plants/facilities to be covered by audit are: Ammonia unit I and Storage, Methyl Amine Plant, Effluent Treatment Plant, Sewage Water Treatment Plant, New steam Generation Plant, Work Shop-Electrical, Mechanical, Auto and Instrumentation and all Stores.
8The scope of the audit would include: 1) Organizational attitude covering safety policy, safety organization, safety committees, safety instructions, work permit system and safety manual. 2) Industrial hazard control methods, safe operating procedures and their application. 3) Hazards control and maintenance of records & verification system. 4) Supervisory involvement, motivation and training - including job hazard analysis, safety training, training for specialized operations, safety promotion and publicity etc. and 5) Accident investigation, record keeping and reporting procedures including previous accident records, methodology of accident investigation, accident analysis records, proper reporting of accidents.
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KCFL expects Achche din (good days) for SSP segment

July 22: Khaitan Chemicals & Fertilisers Limited (KCFL) is expecting positive policy initiatives from the Modi Government for sustained growth of the single super phosphate (SSP) industry.
8In its annual report for 2013-14, KCFL says: “the company expects stabilization in raw material prices as well as Government’s policy towards NBS (timely declaration and mopping up) which shall benefit the whole fertilizer industry, including the SSP industry.”
8The Report points out that “the Govt is yet to take final decision on subsidy mopped up on finished goods/works in process on stocks lying as on 31.03.2011 and is yet to declare its mopping up policy.”
8It adds: “We are, however, confident that in a rational subsidy scheme, the SSP industry shall grow considerably resulting in higher availability of this ‘generic customized fertilizer’ for Indian farmers at competitive prices.”
8The company is optimistic about SSP industry’s prospects in the current financial year following emergence of economic and political stability and Government’s resolve to spur economic growth.
8According to the Report, the industry faced crisis of sorts in 2013-14 due to volatile foreign exchange rates, high cost of pipeline inventory of phosphatic fertilizers, late withdrawal of monsoon and general economic slowdown.
8Noting that nutrient-based subsidy policy has resulted in the entry of new companies in the SSP manufacturing and marketing would improve the fertilizer availability, the company says: “however, entry of new entrants in overall bad market conditions has created excess supply in the short term.”
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GSPC's DDW field to start production: Fertilizer ministry told to line up consumers

July 21: Gujarat State Petroleum Corporation (GSPC) is finally planning to get production going from its Deen Dayal West (DDW) field in the block KG-OSN-2001/3.
8Earlier, the plans were to produce 5 mmscmd of gas at the beginning but this was pared down to 1.5 mmscmd. What is now coming out from the field is a mere 28 mmscfd (approximately 0.8 mmscmd)
8The petroleum ministry has now asked the fertilizer ministry to line up customers for allocation of gas from the DDW field.
8This is in line with the Empowered Group of Ministers (EGoMs) decision dated August 23, 2013, post which the Department of Fertilizers (DOF) had also requested the petroleum ministry to allocate at least 0.5 mmscmd of natural gas to urea units from new sources so that the supply level of 31.5 mmscmd of domestic gas to the fertilizer sector can be maintained.
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With the news of GSPC commencing production, the petroleum ministry is keen to comply with the EGoM dictat, and has asked the DOF to provide plant-wise requirement of gas by individual fertilizer plants to meet the current shortfall in supply of domestic gas to the fertilizer sector.
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MMTC gears up to import 30,000 tonnes of APS complex fertilizer

July 21: MMTC Limited has invited offers for prompt shipment of 30,000 tonnes of ammonium phosphate sulphate (APS) (20-20-0-13) complex fertilizer to Tuticorin port.
8The tender document says that for deficiency in nutrients beyond the limit specified in FCO, the cargo will be rejected. The supplier shall refund the landed cost of the cargo found unfit as well as all the consequential handling and the distribution cost thereof immediately on MMTC’s first demand with value date being date of initial payment to the supplier, failing which penalty @ 17.26% p.a. shall be payable up to the date of actual remittance by the supplier.
8The last date for submission of tenders is 25th July 2014.
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NFL solicits bids for supply of 60,000 tonnes of DAP

July 21: National Fertilizers Limited (NFL) has invited tenders for import of 60,000 tonnes of diammonium phosphate (DAP) of black/dark brown/dark grey colour.
8The contracted quantity would have to be delivered at Kandla/Mundra ports during the 2nd fortnight of September.
8According to the tender document, NFL or its authorized representative shall draw samples for determining the quality of cargo at the port of discharge through any state /Central Fertilizer Quality Control Laboratory in India. The quality so determined at discharge port shall be final and binding on the supplier.
8The last date for submission of offers is 5th August 2014.
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DSL to hike borrowing limit; to retain the post of CMD

July 18: DCM Shriram Limited (DSL) is seeking shareholders’ approval to increase the limit on its borrowings powers to Rs 2500 crore from the present Rs 2000 crore.
8In the agenda for annual general meeting of shareholders to be held next month, DSL has disclosed that it would also seek their consent to solicit fixed deposits from the public following enforcement of Sections 73 and 76 of the Companies Act, 2013. It stipulates that no Company can invite and accept deposits from public without obtaining shareholders’ nod by way of Special Resolution.
8The company’s management has also proposed to retain the existing post of Chairman-cum-Managing Director (CMD).
8It has thus proposed a special resolution envisaging that “Managing Director and Chief Executive Officer of the Company shall be the Chairperson of the Company.”
8The need for such a resolution has arisen after the enforcement of the new Companies Act.
8DSL says: “Proviso to Section 203 of the Companies Act, 2013 provides that an individual shall not be appointed as the chairperson of the Company as well as the Managing Director or Chief Executive Officer (CEO) of the Company at the same time after the date of commencement of this Act unless the articles of such a Company provide otherwise.”
8It continues: “In view of the above, it is proposed to amend the Articles of Association of the Company as detailed in the Resolution. The Board recommends the Special Resolution as set out at Item No. 17 of the Notice for approval by the shareholders.”
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RCF seeks tenders for supply of ammonium sulphate

July 18: Rashtriya Chemicals and Fertilisers Limited (RCF) has invited bids for delivery of 40,000 tonnes of ammonium sulphate (caprolactum grade).
8Of the total quantity, 20,000 tonnes is required on firm basis and the balance 20,000 tonnes would be decided at the RCF’s option.
8The quantity to be supplied on firm basis is to be shipped to Gangavaram port during the last week of August and first week of September 2014. The optional quantity is to be shipped at Tuticorin port during the same period.
The last date for submission of offers is 6th August 2014.
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FACT invites offers for supply of 15,000 tonnes of ammonia

July 17: Fertilisers and Chemicals Travancore Limited (FACT) has invited tenders for delivery of 15,000 tonnes of anhydrous ammonia at Kochi for manufacture of fertilizers.
8The required quantity is to be supplied in two parcels of 7500 tonnes each. First shipment should arrive during 25-29th August 2014 and second shipment during 8-12th September.
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MFL seeks offers for supply of phosphoric acid

July 17: Madras Fertilizers Limited (MFL) has invited global tenders for supply of 10,000 tonnes of phosphoric acid during August at Chennai port.
8MFL says: “Please offer your best terms for supply of 10000 MT solution - Merchant Grade Phosphoric acid (52 - 54% P2O5) in USD per MT of P2O5 on CFR basis (CHENNAI PORT) with 30 days Free Credit per B/L. Also offer your bids for 30 days credit, beyond 30 days free credit per B/L by loading interest
from manufacturers or their authorized representatives/traders.”
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MMTC solicits bids for sulphur delivery

July 17: MMTC Limited has invited tenders for supply of 9000 tonnes of sulphur for delivery at Vizag port by 15th August 2014.
8The company has asked for supply of bright yellow crude sulphur other than colloidal precipitated and sublimed sulphur in the form of granules/flakes/ prills/ pellets.
8The consignment should be free from lumps. The purity of sulphur should be 99.5% minimum by weight on dry basis, MMTC says.
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NFL seeks consultancy services for safety audit of all production complexes

July 16: National Fertilizers Limited (NFL) has decided to commission an exhaustive safety audit of its fertilizer and chemical plants located at Nangal & Bathinda in Punjab, Panipat in Haryana and Vijaipur in Madhya Pradesh.
8The company has thus solicited pre-qualification offers from suitable consultancy firms for this assignment.
8The scope of safety audit at all the four sites would include review of existing operating procedures vis-à-vis standard operating procedures prescribed by the process supplier for safe operation of equipment, machinery and plants.
8The consultancy firm would also have to review maintenance & inspection practices followed by the units. This shall include review of NDT System reporting, follow up action and availability of latest systems for assessing health of equipment.
8The audit would also cover review rail track safety systems and safety interlocks for operation and maintenance, apart from study of movements of trucks, tankers and wagons inside the production sites.
8The consultancy firms would also be required to review ‘On-site Emergency Preparedness Plan, Mock Drill & Rescue Operations’. It should get the mock drill conducted, says NFL.
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JAL raises equity funds to finance Kanpur Fertilizer expansion

July 16: Jaiprakash Associates Ltd (JAL), the flagship company of Jaypee group, intends to invest a part of the proceeds of its Rs 1500-crore equity issue in its associate company Kanpur Fertilizers & Cement Limited (KFCL).
8JAL had privately placed with qualified institutional investors its shares at a price of Rs 70.27/equity share of face value of Rs 2 to raise about Rs 1500 crore.
8In its preliminary placement document (PPD) relating to this issue, JAL says it has been “awarded a lump-sum turnkey contract of Rs. 38,070 million by Kanpur Fertilizers and Cement Limited under which our Company will undertake design, engineering, procurement and construction of a 3,850 MT per day urea manufacturing plant, as well as a 30 MW captive power plant at an industrial area in Panki, Kanpur.”
8According to PPD, “As of March 31, 2014, the total capital expenditure incurred by our Company (JAL) for this undertaking was Rs. 11,657 million, comprising acquisition cost, renovation cost, cost for fuel conversion from naphtha to natural gas, as well as the costs of modernizing the plant. The fertilizer plant started producing urea on all three streams from December 10, 2013 on natural gas as feedstock. During the year ended March 31, 2014, the production of urea was 313,378 MT (at a capacity utilization of 43%) and operating revenue from the sale of urea was Rs.11,692 million.”
8KFCL is wholly owned subsidiary of Jaypee Uttar Bharat Vikas Private Limited (JUBVPL), which is joint venture promoted by Jaypee Fertilizers & Industries Limited (JFIL) and DIL promoters group company ISG Traders Limited. JFIL, in turn, is a wholly owned subsidiary of JAL.
8Pursuant to a scheme of rehabilitation approved by BIFR by an order dated January 16, 2012, DIL’s fertilizer plant was demerged into KFCL with effect from January 24, 2012. The fertilizer plant has a capacity to produce 0.722 MTPA of urea. It was ready for commencement of commercial production on naphtha as feedstock in June, 2012.
8PPD says: “However, the operations could not be started as the Ministry of Fertilizers, GoI did not give permission to run the plant on naphtha as feedstock. The fertilizer plant was eventually run on natural gas as feedstock.”
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July 15: NDA Government mulls bail-out package for FACT   Details
July 15: RCF seeks shareholders' consent to borrow more for projects finance   Details
July 14: CRISIL foresees decline in subsidy bills rollover to the next fiscal year   Details
July 14: PNGRB 'enhances' Reliance's gas pipeline capacity by 10 MMSCMD   Details
July 11: Enhanced urea subsidy allocation good but not adequate: CareRating   Details
July 11: Budget to benefit fertilizers sector marginally: ICRA   Details
 
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