Reliance Industries (RIL) has inked shipping agreements with one of the world’s largest and reputed shipping companies MITSUI O.S.K. LINES, (MOL) for transporting Liquefied Ethane from North America to India.
MOL will supervise the construction of six Very Large Ethane Carriers (VLECs), ordered by Reliance. MOL will also operate and manage the vessels after they are built and delivered. Reliance, with this strategic tie-up with MOL, has achieved a key milestone for the successful implementation of Ethane import project to feed crackers in India.
Reliance Industries is India’s largest private sector company, with a consolidated turnover of Rs 4,46,339 crore ($74.5 billion), cash profit of Rs 33,980 crore ($5.7 billion) and net profit of Rs 22,493 crore ($3.8 billion) for the year ended March 31, 2014.
Company Name | CMP |
---|---|
Reliance Industries | 2869.05 |
Indian Oil Corp. | 164.95 |
BPCL | 628.20 |
HPCL | 504.90 |
MRPL | 213.75 |
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