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Reliance Industries plans to shut one of its four crude distillation units

10 Mar 2014 Evaluate

Reliance Industries (RIL) is planning to shut down one of its four crude distillation units, for Maintenance & Inspection (M&I) activities from March 20, 2014 for about 3-5 weeks. As a normal practice, opportunity would be utilized to carry out necessary modifications to improve the reliability and performance of the unit.

This planned shutdown period will also be utilized for catalyst replacement of VGO and Naphtha hydrotreater. The rest of the Refinery will continue at normal levels of operations.

Reliance Industries is India’s largest private sector company on all major financial parameters with a turnover of Rs 371,119 crore ($68.4 billion), cash profit of Rs 30,505 crore ($5.6 billion) and net profit of Rs 21,003 crore ($3.9 billion) as of March 31, 2013.

Peers
Company Name CMP
Reliance Industries 1219.00
Indian Oil Corpn. 131.45
Bharat PetroleumCorp 300.00
HPCL 350.65
MRPL 174.60
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