Showing posts with label Bharat Petroleum bags FICCI award for sustainability in the petrochemical sector. Show all posts
Showing posts with label Bharat Petroleum bags FICCI award for sustainability in the petrochemical sector. Show all posts

Monday, March 22, 2021

Bharat Petroleum bags FICCI award for sustainability in the Petrochemical Sector


Bharat Petroleum bags FICCI award for sustainability in the Petrochemical Sector



·         Company won the award for ‘Petroleum Sludge Valorisation’ process under the category ‘Sustainability award for the best green process in the petrochemical sector’

 

Mumbai, March 22, 2021: Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company bagged a prestigious award from the Federation of Indian Chambers of Commerce & Industry (FICCI) under the category ‘Sustainability award for the best green process in the petrochemical sector’. The Company received the award for ‘Petroleum Sludge Valorisation’, a novel concept of valorizing tank bottom sludge and renewable biomass and generating a versatile solid fuel. Dr. Chiranjeevi Thota, Deputy General Manager (R&D) received the award on behalf of the Company, which was conferred by Mr. Mansukh Mandviya, Hon’ble Union Minister of State, Ministry of Chemicals and Fertilizers, Mr. Yogendra Tripathi, Secretary, Department of Chemicals and Petrochemicals and Deepak Mehta-Chairman, FICCI Chemical Committee, and C&MD Deepak Nitrate Ltd.

 

The solid fuel ‘Petrolet’ that is formed after the process of combining two waste materials has numerous applications in low-cost conventional heating, steam generation, etc. Another advantage of this process is that it is environmental-friendly as the mixture of the oily sludge and bio-mass is then used in firing the kilns thereby replacing the requirement of high-cost conventional fuel. Due to this process, several thousand tonnes of petroleum sludge generated in refineries is used in gasifiers as a feedstock, thereby reducing wastage. The final product possesses a calorific value that is at par with coal used for furnace applications. This fuel mixture can be used as such or can be co-fired with coal or liquid fuels to enhance its heat value.

 

The oil sludge generated by refineries is one of the major sources of environmental pollution and is categorized as hazardous waste by Environment Protection Act and Hazardous Wastes Handling Rules. Bharat Petroleum’s Corporate Research & Development Centre developed this concept to replace the earlier process of bio-remediated sludge that used to take 6-10 months and was very expensive. Through this new process, the Company’s R&D team has not only came up with quick and environmentally acceptable solutions; but also made it cost-effective compared to the earlier processes.    

 

About BPCL:

 

A Fortune Global 500 Company, Bharat Petroleum is the second-largest Indian Oil Marketing Company and one of the premier integrated energy companies in India, engaged in refining crude oil and marketing petroleum products, with a significant presence in the upstream and downstream sectors of the oil and gas industry. The company attained the coveted Maharatna status, joining the elite club of companies having greater operational & financial autonomy.

 

Bharat Petroleum’s Refineries at Mumbai and Kochi, subsidiaries, Numaligarh Refinery Limited at Assam and Bharat Oman Refineries Ltd., at Bina, Madhya Pradesh have a combined refining capacity of over 40 MMTPA. Its marketing infrastructure includes a network of installations, depots, retail outlets, aviation service stations, and LPG distributors. Its distribution network comprises 18,000 Retail Outlets, 6,600 LPG distributorships, 733 Lubes distributorships, 123 POL storage locations, 52 LPG Bottling Plants, 58 Aviation Service Stations, 3 Lube blending plants, and 4 cross-country pipelines.

 

With a focus on sustainable solutions, the company is developing a vibrant ecosystem. Bharat Petroleum has been partnering with communities by supporting innumerable initiatives connected primarily in the areas of education, water conservation, skill development, health, community development, capacity building, and employee volunteering. With ‘Energising Lives’ as its core purpose, Bharat Petroleum’s vision is to be the most admired global energy company leveraging talent, innovation & technology.


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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...