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Corporate
Reliance bags Golden Peacock Innovation Award 2005

MUMBAI: Reliance Industries Ltd has received the prestigious Golden Peacock Innovation Award (GPIA) for the year 2005 in petroleum sector.

The company informed the stock exchanges that it had received the award for the development of zeolite-based sulphur selective catalyst and for developing the process of manufacturing para-diethylbenzene (commonly known as PDEB).

The innovation has enabled the company to broaden business avenues and led to better utilisation of resources, foreign exchange savings and total import substitution, helping it to capture the global market of PDEB.

Reliance has also filed for IPR for Indian and International patents covering the catalyst and the process.

The award, which had received 116 applicants this year, has been given to seven companies in different categories.

All manufacturing or service organizations in the private and public sectors in India, or individuals who are Indian citizens were eligible to participate for this award.

The categories were broadly divided into 'Technology Innovation' and 'Business Innovation', which encompasses forming new ideas, new products, patents, inventions, services, processes, new financial techniques or business structures. PTI

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