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The rickshaw LPG fuel revolution

Jalalabad which is considered capital of Afghan cricket, has redefined its statement for green transportation . A large portion the state’s transportation comprises of three wheeled motorbike or “tuk tuk “. For a poverty stricken state like Jalalabad , the expenses of three wheeled loco-mote has been luring for taxi drivers due to cost savings.

Recently a new green fuel has grabbed the attention of the masses due to assured cut down of 50% in fuel prices. A large portion of these “tuk tuk “ are adopting LPG as their prime fuel . Besides the economical perks, LPG produces lesser harmful emissions compared to gasoline reducing carbon foot prints of the state. LPG has proven to be a blessing for residents of Jalalabad in terms of decrease In pollution levels; but the only resistance in this conversion is initial expenses to adopt LPG in place of gasoline . This has led to mushrooming of outlets offering unlicensed and backstreet mechanics resulting in tuk tuks catching fire.

Afghanistan government can therefore take this initiative of provide loans or reduced cost of installation of LPG systems for locomotives. Till now , the state had been relying on imports from neighbouring countries .Looking at the rate of escalation in LPG demands , sooner Afghanistan may require to dig upon its natural gas resources.This would cut down the existing gas prices and more people are likely to be benefited.

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SOMDEV DEVVARMAN progresses to second round

Second-seeded Somdev Devvarman, progressed to the second round of the men’s singles at the ONGC GAIL Delhi Open ATP Challenger tennis tournament.
Devvarman won with a straight-set win today.

Somdev, is ranked 96th in the world, beat  Karunuday Singh also an Indian player, 6-2, 7-5. The match wasn’t as one-sided as the scoreline suggests as Singh fought back fiercely in the second round. Karunuday who is 483rd in the world ranking, had four break point opportunities in the first set but failed to convert any of them. However, Somdev converted two of the three break points in the first set.

Somdev is set to meet the winner of the match between Ti Chen of Chinese Taipei and Di wu of China in the second of the ONGC GAIL Delhi Open ATP Challenger tennis tournament.

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GAIL’s Turnover for 3rd Quarter of FY 2013-14

GAIL (INDIA) LIMITED

GAIL’s Turnover (net of Excise) for 3rd Quarter of FY 2013-14 rises by 28 %

Profit Before Tax up 32 %; Net Profit up 31 % to Rs 1,679 crore for 3rd Quarter

GAIL’s nine months Turnover (net of Excise) up by 22 %

GAIL (India) Limited recorded 32 percent rise in its Profit Before Tax, 31 per cent increase in Net Profit and 28 percent growth in Turnover (net of excise duty) in the third quarter of Financial Year 2013-14 as against the corresponding period last year.

The Turnover (net of excise duty) recorded by India’s leading Natural Gas company in the third quarter of FY 2013-14 stood at Rs. 15,980 crore as against Rs.12,474 crore in the corresponding period last year. The Net Profit increased to Rs.1,679 crore, up from Rs. 1,285 crore during the same period. The Gross Margin increased by 16 percent to Rs. 2,498crore in the third quarter of the current financial year against Rs. 2,156 crore while the Profit Before Tax increased by 32percent to Rs. 2,451 crore against Rs. 1,859 crore in the corresponding period last year.

Segment-wise Revenue

During the third quarter of the current financial year, revenues from LPG and Liquid Hydrocarbons business increased by51 percent to Rs. 1,933 crore as against Rs. 1,277 crore in the corresponding period of last year. The sales from Natural Gas Trading during the third quarter of the current financial year increased by 31 percent to Rs. 13,287 crore as againstRs.10,118 crore in the corresponding period of the last year. During the third quarter of the current financial year, Natural Gas Transmission business increased by 20 percent to Rs. 1,189 crore as against Rs. 990 crore in the corresponding period of previous year. The net sales from Petrochemicals business increased by 5 percent to Rs.1,164 crore as against Rs. 1,107  crore in the corresponding period of last year.  The Net sales of LPG transmission during the third quarter of the current financial year increased by 41 percent to Rs.114 crore as against Rs. 81 crore in the corresponding period last year.

 

Physical Performance

 

During the third quarter of the current financial year, the Natural Gas sales were 79.74 MMSCMD as against 81.77MMSCMD during the corresponding period last year. During the third quarter of FY 2013-14, the petrochemical production was 122 TMT as against 126 TMT in the corresponding period last year. The polymer sales during the third quarter of the current financial year were 109 TMT as against 128 TMT in the corresponding period in the previous year. The LPG transmission during the third quarter of the current financial year was 885 TMTup by 21 percent from 733 TMT during the corresponding period in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the third quarter of the current financial year was 330 TMT as against 344 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the third quarter of the current financial year were 332 TMT as against from 340 TMT in the corresponding period last year. The Natural Gas transmission during the third quarter of the current financial year stood at 95.70 MMSCMD as against from 104.59 MMSCMD in the corresponding period last year.

Nine months Results

GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 42,781 crore in the first nine months of FY 2013-14 as against Rs. 34,924  Crore, a 22 percent increase over the turnover in the corresponding period  last financial year. GAIL’s Net Profit after tax for the first nine months of the FY 2013-14 remains constant at Rs.3,403 crore against Rs.3,404 crorein the corresponding period previous year. The Gross Margin is Rs.5,749 crore in the first nine months of the current financial year against Rs. 5,765 crore in the corresponding period last year. The Profit Before Tax increased by 1 percentto Rs. 4,963 crore in the nine month of the current financial year against Rs. 4,917 crore in the corresponding period last year.

 

Segment-wise Revenue

 

During the nine months of the current financial year, revenues from Natural Gas Transmission have increased by 13percent to Rs.3,255 crore as against Rs.2,889 crore in the corresponding period in the previous year. The net sales from Petrochemicals business have increased by 33 percent to Rs.3,401 crore as against Rs.2,561 crore in the corresponding period of last year. The net sales from LPG and Liquid Hydrocarbons business during the nine months of the current financial year increased by 27 percent to Rs.3,976 crore as against Rs. 3,119 crore in the corresponding period of last year. The revenues from LPG transmission during the nine months of the current financial year increased by 59 percent to Rs.303 crore as against Rs.191 crore in the corresponding period last year. The revenues from Natural Gas Trading during the nine months of the current financial year increased by 26 percent to Rs. 36,724 crore as against Rs. 29,057 crore in the corresponding period of the last year.

 

Physical Performance

 

The Natural Gas transmission during the nine months of the current financial year was 96.74 MMSCMD, as against 106.67MMSCMD in the corresponding period last year. The Natural Gas sales during the nine months of FY 2013-14 were 80.14MMSCMD as against from 81.87 MMSCMD during the corresponding period last year. During the nine months of the current financial year, petrochemical production was 353 TMTup by 11 percent against 318 TMT in the corresponding period last year. The petrochemical sales during the nine months of the current financial year were 338 TMTan increase of 15 percent from 295 TMT in the corresponding period in the previous year. The LPG transmission during the nine months of the current financial year was 2,283 TMT as against from 2,391 TMT during the corresponding period in the previous financial year. The LPG and Other Liquid Hydrocarbon production during the nine month of the current financial year were 1,015 TMT as against from 1,027 TMT in the corresponding period last year. The LPG and Other Liquid Hydrocarbon sales during the nine months of the current financial year were 1,019 TMT against 1,023 TMT in the corresponding period last year.

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LPG Terminal soon to be a Reality!

Indian Oil along with the Cochin Port Trust is on the horizon of creating something that would change the future course of Kerala. The agreement which is to be signed by the two entities will state an agreement on the use of the proposed Multi-User Liquid Terminal (MULT), would also be used to import LPG from Kochi for the Kerala market.

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This may eradicate the hindrance of transportation across the state. Currently LPG is conveyed from a place to another using tanker Lorries via road. This has been a threat to the highway movement resulting in road mishaps like the one earlier this month in Kannur.

The idea of constructing the terminal so as to import LPG was in motion from a long time and now has progressed upon Port authority’s agreement to build the same for IOC at a rough estimated cost of Rs 180 crores.

Earlier the import volume of LPG via Mangalore was about 30,000 tonnes. It was transported via road and then delivered across the state. The process consumed about 12 hours of road journey. Hence, the terminal would not only make the southern highways safer but would also ease the transportation and consumption of LPG.

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WANTED: For heating and other purposes

The North Hampton voters at this year’s annual school district meeting are going to find an article on a warrant designed poster, which will brief them on the process of bringing natural gas to the North Hampton School. According to Selectman, Phil Wilson, the amount that is being summoned for the cause is only a minute fraction of the actual costs involved.

Wilson confirmed that the school board will urge the voters to establish trust fund so as to accumulate the money for the fund. This approach implies that it will take years to pile up the amount required for the project.

However things can change with the shale boom. The board indicated that if the propaganda gains voters acceptance, the construction plans will include the foundations for natural gas usage in all the buildings at the complex. The initial step would be to heat the buildings using propane until the gas pipelines are installed.

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34th PSPB Inter-Unit Golf tournament

The 34th Petroleum Sports Promotion Board (PSPB) Inter-Unit Golf Championship was inaugurated here today by Shri R. D. Goyal, Director (Projects), GAIL (India) Limited. The event, which brings together top amateur golfers from oil sector PSUs, is being hosted by India’s No. 1 Natural Gas Company, GAIL (India) Limited.

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Speaking on the occasion, Shri R. D. Goyal said, “GAIL has been taking a number of initiatives to promote sports within the organization and at the same time, supporting and promoting sports and players outside the organization as well. Participating in PSPB tournaments is one such important platform.”

The tournament will reach its finale tomorrow at Eagleton Golf Resort, Bangalore and will culminate with the Prize Distribution by Shri M Ravindran, Director (Human Resources), GAIL and President of GAIL Sports Promotion Board.

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The four-day golfing extravaganza is one of the most important tournaments on the amateur calendar. Top ranked amateur players such as Shri Udayan Mane, Shri Manu Gandas, Shri Saquib Ahmed, Shri Trishul Chinnappa, Shri Samarth Dwivedi, Shri Simarjeet Singh, Shri Ankur Chadha and Shri Manav Das will be seen in action during the tournament. The tournament will also witness India’s No 1 lady golfer Ms. Gurbani Singh and India’s No 1 junior golfer Shri Viraj Madappa and Shri Piyush Sangwan playing for the Championship.

Some of the prominent players from GAIL who would be vying for the Championship are India’s No 2 lady golfer and reigning Sri Lanka Open Champion Ms. Gauri Monga, reigning National Amateur Champion Shri Pratap Atwal and local golfer Shri Jaibir Singh.

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The tournament began with two-day practice rounds on 21st January, 2014, followed by the two-day main event to be played on a stroke play format. The first two days also saw golfers involved in a number of skills competition as a warm-up to the competitive rounds.

Each team comprises of a minimum of three and a maximum of five members. Three best scores will count towards the team’s day total and the two-day aggregate will decide the team championship. An individual stroke play competition will further add to the excitement of the proceedings.

PSPB with the help of its member organisations, over the last two decades, has been encouraging, developing, supervising, coordinating and organizing various sports.

Natural gas taking over industries

Watch the video and learn about the usage of natural gas across industries and how it is involved in our daily life, right from our morning tea to the glasses we have it in. Natural gas is used in most of the steel and iron industries, providing it economical & ecological advantage over other fuels.

Apart from making the production cheaper and efficient it also provides a safe working environment for the workers. Natural gas is widely used in the cooling and refrigeration sector. Asia’s largest bakery “Parle Industries” and India’s largest dairy “Amul” run on natural gas as well.

The ecological saviour

The video attached is a brief depiction of the benefits and efficiency of the ecological saviour natural gas.In the current scenario where rising carbon emission has led to global warming and health hazards the world is keenly looking up for other fuel alternatives. Solar energy, wind energy and tidal energy are among many others have come up as an option for a sustainable and energy secure future but as of now the technology to reap the maximum efficiency from either of them is not quite possible.

Natural gas meanwhile has emerged as an ecological saviour. Natural gas being the cleanest burning fossil fuel on the planet has the lowest amount of carbon foot prints. It is accounted as the most efficient fossil fuel and requires the least amount of resources to produce a single unit of energy against other alternatives.

 

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Leasing the SUN

Renewable energy is said to be a boon to a sustainable and energy secure future, but there are constraints which prevent their commercial and domestic usage on a large scale. Two issues that solar energy is facing at the moment are; firstly expensive solar panels and secondly the storage factor. However, these constraints could soon be eradicated.

American Energy Company “SolarCity” have devised a way which allows you to save the huge expense which initially is required to install a solar panel. Wondering how? They now provide the expensive panels on lease. This way a person can enter into a contract and lease the accessory against some monthly fee. The plan’s structure is forged in a way that the monthly rent is cheaper than that of the electricity bill would otherwise be. Hence, one can save money and power their homes on solar energy without disturbing their budget.

The company also has announced its plans to soon provide solar batteries on lease as well. The objective of the action is to store the energy from the sun in batteries from places where it is cheap & easily available and provide it to energy starved places. It can also provide backup during grid failures.

The idea behind the business is quite unique and soon may spread like fire in the forest. If followed successfully the idea would lower energy costs and also lower the demand for power grids.

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Running along with nature

India will soon have a highway which would not only connect the states but is also going to amplify the availability of compressed natural gas (CNG) beyond the states. The “Green Corridor” would provide an option for the commuters to run their vehicles on CNG and avail the same for inland transportation.

national35-1325149281The possibility of the corridor came into existence when Mr. B.C.Tripathi on Monday, while addressing the media at the pre-launch of the ANGVA 2013 announced the same. He also quoted “If you look at the transport system, more than 97-98 per cent is dependent on liquid fuel across the world. In India, the consumption of natural gas-based fuel is miniscule compared with liquid fuel. Therefore, this is the sector where there is tremendous scope.”

30755054The corridor is a result of the boom that the natural gas industry saw in the recent past. It would extend from Jalandhar to Banglore and would benefit eight states viz. Karnataka, Maharashtra, Madhya Pradesh, Uttar Pradesh, Rajasthan, Delhi, Haryana and Punjab. Also the corridor would consist of CNG stations at every 250 kms. The motive of the corridor is to introduce a natural gas high way to the nation and promote natural gas as a fuel of choice.