Skip to main content

RPL plans setting up unit in Kuwait

line with its plans to set up greenfield projects outside India, Mukesh Ambani's Reliance group is considering setting up a polypropylene unit in Kuwait.

Reliance Petroleum Ltd (RPL) has begun the spadework, and is in the process of completing necessary surveys for the project, company sources said.

The company already has operations in the Gulf states to market polypropylene. If this project fructifies, it will be Reliance's first unit outside India. The company is in talks with a couple of players to join in the polypropylene project.

The company is also in the process of recruiting manpower for the project, according to sources familiar with the developments.

Reliance is Asia's largest polypropylene manufacturer and with a combined capacity of over one million tonnes, it figures among the top eight polypropylene producers in the world. The company has a 70 per cent share in the Indian market and caters to three per cent of the world's consumption of polypropylene.

Third refinery

Reliance Industries (RIL) is also looking to set up a refinery project in Kuwait. "Reliance is exploring the Gulf region as an option for its proposed third refinery," the sources said.

Kuwait Petroleum Corp has said in the past that it was in talks with Reliance for a partnership in refining and petrochemicals projects together with Dow Chemicals. A Reliance spokesperson said that the company has been carrying out feasibility studies in various countries, including Kuwait, but he refused to comment on any specific project.

Exploring partnerships

RIL has also signed an MoU with GAIL to explore opportunities for petrochemical plants outside India.

RIL and GAIL are already working together in specific areas in the natural gas sector, as in gas pipelines and for city gas distribution.

Last year, the two companies listed ten countries, among them Qatar, Abu Dhabi, Bahrain, Vietnam, Australia, South Africa, and Russia, as likely locations for chemical projects of up to two million tonnes. At Jamnagar, RPL has completed 90 per cent of work on a new refinery coming up within an SEZ.

The refinery is likely to be commissioned in September this year.

Popular posts from this blog

Bio-fuel has top investors powered up

23RD ,JUNE India's fortune-hunters believe their new-found love for biofuel will pay off. India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe. Billionaires Rakesh Jhunjhunwala, C Sivasankaran, Vinod Khosla, founder of Sun Microsystems, and Nemish Shah, the media-shy joint partner of Enam Financial Services, are investing in bio-fuel makers quietly, expecting that bio-fuel will have a big play in the coming years as the world looks for a viable alternative to the fast depleting oil reserves. Jhunjhunwala, who is known for his ability to spot a multi-bagger at a very early stage, recently invested in Hyderabad-based bio-fuel firm Nandan Biometrics.He is also a 10 per cent stakeholder in Praj Industries, which is a bio-fuel technology provider…

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, ETMarkets.com | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..


ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

5 dark-horse picks

Kwadrat/shutterstock.com Kwadrat/shutterstock.com
If you are a conservative investor, using the mutual fund route is the best way to invest in stocks. But if you are game for some excitement, you might want to dabble directly in stocks, especially small-cap stocks. Stocks that are smaller in size, in terms of market capitalisation, carry higher risk. The reasons are — one, lower traded volume increases price volatility, two, information is usually scarce on these companies, three, business risk is higher since many of these companies are dependent on a single product and four, governance risk is also higher in these stocks. That said, small-cap stocks have the capacity to deliver far greater returns when compared to large-cap stocks. Sample this: there were 16 stocks with market cap more than ₹50,000 crore in January 2009. These stocks delivered an average return of 138 per cent in the last eight years but 4 out of every 10 stocks in this group delivered negative returns. On the ot…