Reliance to Invest 13 Billion in Energy Projects Set to Expand Jamnagar

first_imgReliance Industries is gearing up to invest around $13 billion in energy projects, with an aim to boost heavy crude oil refining process in India and beat China and Middle East’s oil production capacity.The company’s Jamnagar Berhampur Refinery in Gujarat, which is also set to be included in this investment, has a capacity of refining 4 lakh barrels of crude oil per day (bpd), according to Reuters.As per the company’s plan, the new refinery will use five single point moorings, two for product shipments and three for crude oil import.”The new refinery will increase Reliance’s appetite for cheap opportunity grades and offer more dollars per barrel of oil processed,” Praveen Kumar at Singapore-based consultancy FACTS Global Energy told the news agency.While the company has not yet declared the details of project, analysts opine that the new refinery is expected to be constructed by the end of 2020.Reliance operates the world’s biggest refining complex in Jamnagar, where its two adjoining units can refine around 1.4 million bpd of oil.In 2013, the company received a nod from the environment ministry to invest ₹773 billion ($12.8 billion) to expand its new refinery and polymer units. The company was allowed to switch the energy capacity for a 450 megawatt.According to documents acquired by Reuters, the environment ministry in its letter to Reliance in May asked to meet certain conditions in order to receive approval for the projects. However, the process was delayed as the documents did not mention a specific date of approval. The company had cast reserves of $13.6 billion by end of June.”It makes perfect sense to go aggressive in their core business of refining,” said Jagannadham Thunuguntla, head of research and chief strategist at SMC Global Securities Ltd. “The company’s balance sheet has enough firepower to finance refining and other businesses like telecom and retail.”India, the world’s fourth largest oil consumer, plans to power its economic growth through focus on manufacturing sector, following Modi’s mantra of ‘Make in India’.Reliance aims to beat China and Middle East crude oil manufacturing companies by expanding its refining plant in Gujarat.”Recently the competitiveness of Jamnagar refining hub is gradually declining due to fast changing global scenario of product demand and stringent fuel quality,” according to a proposal by RTI Act.last_img read more

Sonakshi Sinhas dramatic response to Arbaaz Khans question of her being on

first_imgSonakshi SinhaInstagramThe relationship status of Sonakshi Sinha has always remained overcast by clouds of delusions. The news of the junior shotgun’s very first link-up with co-actor Ranveer Singh had come out while she was shooting for Lootera. Later, she was linked with Shahid Kapoor during R…Rajkumar followed by Arjun Kapoor while shooting for Tevar. Of late, Sonakshi is now being rumoured to be dating the newbie Zaheer Iqbal, who is getting launched by Salman Khan in Notebook produced under Salman Khan Films banner.Amid the link-up rumours, earlier there were also reports that Sonakshi and showbiz professional Bunty Sachdev were dating for a while but they never acknowledged their relationship in public. But reports of their on and off romance often made their rounds of the tabloids. Their romance, however, remained short-lived as reports of their alleged break-up in February, last year, had flooded the internet.While there has never been a clearer picture about who Sonakshi’s dating life, people on social media often wonder whether the Dabangg actress is on a dating app. And when Sonakshi was asked on Arbaaz Khan’s new show if she is currently using a dating app to meet new people and hanging out with them, the junior shotgun gave a hilarious response to the question.”I don’t need a dating app,” Sonakshi laughed off to Arbaaz’s idea of meeting new people which was followed by a spontaneous, hilarious and dramatic expressions. So next time, if you come across any Sonakshi Sinha, remember that she is not the Dabangg girl for you to swipe right. However, she has again left her admirers with a question mark on her relationship status which we hope she must have clarified in the full episode. Sonakshi Sinha, Zaheer IqbalInstagramTalking about Sonakshi’s growing closeness with Salman’s protege, Zaheer, a source close to the Sinha family claimed that the link-up rumours are being spread for publicity for the new movie Notebook.”This is probably the publicity machinery at work. We normally have newcomers working together in their first film being linked together for publicity. But this time they chose to deflect the publicity to an outside source. But the Sinhas aren’t taking this lying down,” the source was quoted as saying by The Asian Age.The source further added, “She’s just being nice and sweet to a newcomer who happens to be launched by Salman Khan, just like Sonakshi was (in Dabanng). Zaheer is moving in the same circle these days as Salman.”Watch the video here.last_img read more

Praljak took potassium cyanide

first_imgCroatian former general Slobodan Praljak swallowing what is believed to be poison, during his judgement at the UN war crimes court to protest the upholding of a 20-year jail term. AFP file photoBosnian Croat war criminal Slobodan Praljak likely died from heart failure after swallowing potassium cyanide, Dutch prosecutors said Friday, two days after his dramatic courtroom suicide in front of UN judges.“The preliminary results of the toxicological test showed that Mister Praljak had a concentration of potassium cyanide in his blood,” the Dutch prosecution said in a statement.“This has resulted in a failure of the heart, which is pointed out as the suspected cause of death.”The preliminary results were released after an autopsy was carried out on the body of the 72-year-old Bosnian Croat commander, whose shocking final act was broadcast live around the world.On Wednesday in a last show of defiance against the International Criminal Tribunal for the former Yugoslavia (ICTY), Praljak swallowed the poison before UN judges, just moments after they upheld his 20-year jail term for war crimes.He remains a hero to many Croats despite his conviction for crimes during Bosnia’s 1990s conflict.Praljak worked in film as well as theatre before joining the military, and on Friday Croatia’s state broadcaster aired one of his movies in a prime evening slot. It announced the broadcast on its website with the title “In memoriam-Slobodan Praljak”.The Dutch prosecution service said “Praljak passed away in Westeinde hospital in The Hague after consuming a fluid substance in the courtroom”.Two Croatian experts were also present during Friday’s autopsy carried out at the Netherlands Forensics Institute in The Hague.Contacted by AFP, prosecutor Marilyn Fikenscher confirmed the autopsy was over, but said “we are still awaiting the final results.”She could not confirm whether his body remained the forensics unit, or what arrangements may be being made to release it to Praljak’s family.Lingering questionsIt remains a mystery how he managed to get the poison held in a small brown bottle past the tribunal’s tight security.“Was the poison already in the prison, or in the courtroom? They need answers to all these questions, because obviously it raises suspicion about possible ‘complicity’ in quote marks by prison staff,” said international lawyer Celine Bardet, an expert in war crimes issues.For Dutch international lawyer Goran Sluiter from the University of Amsterdam there are three scenarios: either Praljak obtained the toxic substance in the UN detention centre where he has been held since 2004, on the way to the court building or inside the courtroom itself.Former Serbian president Slobodan Milosevic died in his cell during his trial at the ICTY in 2006. Doctors concluded that he had died of natural causes, and found no other substances in his body.But in the past Milosevic was known to have “self-medicated as evidenced by the finding on occasions of non-prescribed medications in his privileged office and his cell,” the official ICTY report into his death concluded.If Praljak “got hold of the bottle inside the courtroom then that reduces the circle of people who could have helped him. So you are thinking about the lawyers,” Sluiter said.Prison contrabandDiana Goff, law expert and researcher with the Clingendael Institute think-tank, highlighted that “contraband is very easy to get in and out of prisons generally, so it’s not just an ITCY issue.”“There’s many people that it could be. They can have visits from religious officials, they can have doctors, they can have friends, they can have conjugal visits, their family can come,” she told AFP.Praljak’s lawyer Nika Pinter has already said she had had no idea what her client was planning.“Nobody killed him, it was suicide. I am sad but I understand and respect what he did,” she told Croatia’s HINA news agency Thursday.“I never thought he could do such a thing, but I understand because he is a man of honour who couldn’t live with a conviction for war crimes and being led out of the courtroom in handcuffs.”last_img read more