Monday, January 25, 2010

Euro IV compliant diesel from Reliance Refinery - first in India

Indian Oil Corporation (IOC), the biggest oil marketeer, and Bharat Petroleum Corporation Ltd (BPCL) have recently floated tenders to import 120,000 tonnes and 60,000 tonnes of Euro-IV diesel, respectively as it came in news.

Government policy calls for petrol and diesel meeting Euro-IV standards are to be supplied in 13 cities, including Delhi, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad and Ahmedabad, from April 1. Euro-III grade fuel is to be supplied across the rest of the country from the same day. The former deadline will be met. Sales of Euro-III will begin in a phased manner between April 1 and October 1.

Mukesh Ambani-owned Reliance Industries Limited (RIL) has become the first Indian refinery to produce BS-IV compliant diesel and according to Business Standard, the first cargo of 25,000 tonnes of Euro-IV grade diesel from RIL’s refinery at Jamnagar was shipped by Hindustan Petroleum Corporation Ltd (HPCL) on Friday, quoting an unidentified source.

Reliance Industries Limited is India's largest private sector conglomerate (by market value) , with an annual turnover of US $35.9 billion and profit of US $4.85 billion for the fiscal year ending in March 2008 making it one of India's private sector Fortune Global 500 companies, being ranked at 206th position (2008).

According to Business standard,  RIL also gears up to produce the higher grade of petrol in India.

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