JULY- AUGUST - 20249TOP STORIESGAIL INKS PACT WITH PETRON TO ESTABLISH BIO-ETHYLENE PLANTGAIL (India) and Petron Scientech (Petron) will begin searching for a location to establish a 500 KTA bio-ethylene plant and associated downstream unit(s) in India, as announced by the state-owned energy company.According to the statement, both companies will enter into a joint venture (JV) mode together. Yesterday, in the presence of Shri Rajeev Kumar Singhal, Director (Business Development), GAIL, Sumit Kishore, Executive Director (Business Development and Exploration and Production), GAIL, and Yogi Sarin, CEO, Petron, signed the non-binding MoU.According to the MoU, GAIL and Petron will collaborate on conducting feasibility studies to determine the technical and financial feasibility of the project. Both parties aim to obtain approval from their own management for investing in the project and forming a joint venture company.Speaking on the occasion, Singhal said "GAIL is a proud member of India's clean energy infrastructure and is always committed to incorporate initiatives for sustainable development of the nation. We are elated to enter into this strategic relationship with Petron, a pioneer in bio-ethanol to bio-ethylene technology. The MoU signifies a major step towards enhancing sustainable practices and advancing the bio-economy in India. The skills and strengths of both companies would create a synergy for achieving the objective of the MoU. The collaboration between GAIL and Petron is poised to not only foster technological advancements but also drive economic growth and environmental sustainability in India". IMRWIPRO HYDRAULICS INAUGURATES 250 CRORE MANUFACTURING PLANT IN JAIPURWipro Hydraulics opened its sixth manufacturing plant in Jaipur, Rajasthan, constructed with approximately Rs 250 crore in investment. The inauguration of the plant was conducted by Rajasthan Chief Minister Bhajan Lal Sharma, Wipro Enterprises chairman Azim Premji and Pratik Kumar -- Wipro Infrastructure Engineering CEO and Wipro Enterprises MD."The company has invested approximately Rs 250 crore to set up this facility, which is projected to generate about 400 jobs. We currently have a manufacturing capacity of 1,000 hydraulic cylinders per day, and we are fully capable of doubling it if and when the demand rises," Kumar told reporters here.He mentioned that Wipro now has six manuacturing facilities in India, with two in Chennai and Hindupur respectively, and one in Bengaluru, and it will serve both local and global needs. This area focuses on producing hydraulic cylinders and components for Wipro Infrastructure Engineering."Trained workforce, along with automation, will lead to better quality products, higher productivity, and also, better cost efficiency -- and that is what we aim to establish."All the machinery used here is made in India, and we do 100 per cent of our assembly, manufacturing, testing, and packaging in-house," Kumar further said.Wipro Hydraulics, a division of Wipro Infrastructure Engineering (WIN), focuses on creating and producing tailor-made Hydraulic Cylinders for various sectors such as Construction, Material Handling, Forestry, Agriculture, Mining, and Truck Tipping. Having a history of more than 40 years in engineering and manufacturing, Wipro Hydraulics stands as one of the biggest independent Hydraulic Cylinder producers globally. IMR
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