L Sabaretnam (80), Chairman of Chennai Super Kings passes away
April 25, 2021
Sabaretnam was well-known in the business community and was at the helm of leading industry associations such as Madras Chamber of Commerce & Industry. L Sabaretnam (80), who served in the cement industry for long and was Director and Chairman of Chennai Super Kings, passed away at 12.30 a.m on Sunday, April 25 in Chennai.
He is survived by his two sons and two daughters.
For a long period, Sabaretnam served in Chettinad Cement Corporation and was Executive Director of the Company.
He was Independent Director on the Board of Indian Oil Corporation Ltd & Chennai Petroleum Corporation Ltd
Sabaretnam is survived by two sons and a daughter. He served in Chettinad Cement Corporation and was Executive Director of the Company for a long period
How refineries are aiding hospitals
Updated:
Updated:
IOCL in Panipat and BPCL’s facility in Kochi doing their bit
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IOCL in Panipat and BPCL’s facility in Kochi doing their bit
With hospitals running out of oxygen, oil refineries of the Indian Oil Corporation Ltd (IOCL) in Panipat and the Bharat Petroleum Corporation Limited’s facility in Kochi are supplying the gas to them.
Is oxygen an important gas in refineries?
More than oxygen, refineries require high-purity nitrogen to maintain inert atmosphere in certain processes to prevent air ingress into hydrocarbon-containing vessels and for purging purposes. Nitrogen is mostly produced in cryogenic air separation units. Some refineries have the facility to produce oxygen of 99.7% purity, too, in these cryogenic air separation units. Some of the refineries have VPSA oxygen units that produce oxygen of 90% purity.
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Lower fuel demand during second wave to squeeze OMC margins
April 23, 2021
The domestic consumption of diesel, petrol fell 12% and 7% respectively on a yoy basis - istock.com/virojt
The domestic consumption of diesel, petrol fell 12% and 7% respectively on a yoy basis - istock.com/virojt×
Refiners have also been diverting a share of the oxygen that they produce to hospitals
The demand for diesel, petrol and aviation turbine fuel are all set to fall in April putting pressure on the gross refining margins (GRMs) of oil marketing companies (OMCs).
“Refinery throughputs will be down as a result of the fall in demand. This will drive up the per-barrel processing cost and impact GRMs of the refiners,” said Prashant Vasisht, Vice President and Co-Head, Corporate Ratings at ICRA Ltd.