Financial Daily from THE HINDU group of publications
Thursday, Oct 07, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Announcements


KMML in pact for LNG supply

Our Bureau

THIRUVANANTHAPURAM: The public sector Kerala Minerals and Metals Ltd (KMML) has entered into a gas sale agreement with Gas Authority of India Ltd (GAIL) ahead of implementing its capacity expansion programme.

Announcing this here, a KMML spokesman said that the agreement is for supply of 1.77 lakh metric tonnes (MT) of liquefied natural gas (LNG) required for raising production capacity from 26,000 MT of pigment to 1 lakh MT by 2007-08. The agreement was signed in Bangalore on Monday.

With the introduction of LNG, the public sector company will not only replace costly furnace oil for fuel but also will move one step closer to setting up a captive power plant for sourcing its power requirement. Use of LNG will also translate into lower production costs for pigment, according to Mr K.P. Rajendran, Managing Director. KMML will be the first State public sector undertaking to switch to LNG for fuel, he added.

More Stories on : Announcements | Petroleum | Minerals | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Toyota launches new Camry; latest Corolla to follow suit


BHEL bags Oman order
KMML in pact for LNG supply
Tender dispute stalls BSNL's rural telephony project
Birla will executor seeks discharge of caveat filed by Lodha
No concept, only paper
E&Y ex-partners form audit firm
RBI asks `problem' cos not to repay deposits before term
AS Steel Traders highest bidder for Orichem
Guidelines on valuation of corporate assets to be framed
Maruti top brass in Japan to work out Rs 6,000-cr investment
Piaggio plans expansion of manufacturing base
Welspun to get $15 m from IFC for plant expansion
Apollo Tyres completes expansion
Ranbaxy setting up plant in Brazil
FICCI urges PM for continuation of Press Note 18
GV Films collaboration
Defluorination plant opened in Warangal dist
Mafatlal still struggling to get out of the woods — Polyolefins rights issue to pay debts
LG India targets $3-b export turnover by 2010
Ind-Swift Labs in talks with 2 cos for making statins
Adecco Peopleone targets Rs 160-cr revenue by March '06
GM sales rise 60 pc in Sept
Tata Motors sales up 25% in Sept
Temasek's Lee on Apollo Hospitals board



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line