Bonjour, new guests from small-town India
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Engineering and construction consultants, Thyssenkrupp Industrial Solutions (India), on Monday said the company has entered into a contract with Nayara Energy to provide project management consultancy services for Nayara Energy’s upcoming petrochemical units in Vadinar, Gujarat.
Nayara Energy, which operates a 20-MMTPA refinery at Vadinar, is eyeing a foray into the petrochemicals segment by building a world-scale polypropylene unit and a methyl tertiary-butyl ether (MTBE) unit. It also involves revamp of the existing FCC unit and building of a Propylene Recovery Unit and associated off-sites and utility facilities, a statement said here.
Commenting on the development, B. Anand, CEO, Nayara Energy said, "Nayara Energy’s endeavours in the petrochemical sector are aligned towards our larger aspiration to play a vital role in India’s development story. Through this association, thyssenkrupp will help us steer this expansion project, keeping in mind two aspects that are close to us - excellence and agility."
P. D. Samudra, CEO & MD, Thyssenkrupp Industrial Solutions (India) Pvt. Ltd. said, "We are honoured to be entrusted with implementing their upcoming petrochemical units. With this partnership, thyssenkrupp will support Nayara Energy with project management consultancy services and help them in achieving their project plans.”
The company is collaborating with Nayara Energy for the second time after 2000.
Thyssenkrupp is currently engaged in implementing projects for a number of refining and petrochemical complexes in India and abroad, on PMC and EPCM basis. In addition to the petrochemical business, the Germany-headquartered group has a global presence in other chemical process and allied industries.
In August 2017, Nayara Energy was acquired by international investors, Rosneft, and an investment consortium comprising global commodity trading firm, Trafigura, and UCP Investment Group.
The Vadinar refinery, which was earlier owned and operated by the Ruias-led Essar Oil, is one of the world’s most modern and complex refineries, with a complexity of 11.8, which is amongst the highest globally.
Puneet Dhawan of Accor is brimming with ideas on ways to revive the hospitality sector
Citroen’s first vehicle sports a novel design and European interiors. It is also meant to be as comfortable as ...
The pandemic is only the tip of the iceberg that the country’s cash-poor airlines — both regional and national ...
The government is yet to specify the framework of its recently announced old vehicle scrappage policy
With initial public offerings galore, we give you a cheat sheet to score some good grades
Biggest risk in selling funds in a rising scenario is exiting early and missing out on further gains
Go for a standard vector-borne diseases policy if you don’t have a regular health plan
No credit risk is an attraction, but note the nuances
With the public looking beyond mainstream media for reports from the ground, independent digital platforms are ...
Salty, buttery, cheese coated or with maple syrup and bacon — popcorn is lending its adaptable self to gourmet ...
A toast to a traditional drip irrigation system still going strong in the Northeast
Raza Mir’s ‘Murder at the Mushaira’ works well as a historical novel that captures the sunset years of the ...
Its name is the starting point of a brand’s journey and can make a big difference in the success sweepstakes
Sober spirits are the in thing
A peek into where ad spends went last year and where they are headed tomorrow
Can Swiggy Instamart disrupt the ecommerce groceries space, currently ruled by the Amazons and Big Baskets? ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor