Reliance Industries’ fluid catalytic cracker (FCC) unit is likely to start production from this week. Earlier, the FCC unit of about 2, 00,000 barrels per day (bpd) at reliance‘s older refiner at Jamnagar was closed for maintenance in early February.
The FCC converts vacuum gas oil into light value-added products like liquefied petroleum gas, gasoline-blending components and diesel.
Recently, the company is reported to have paid Rs 1054 crore in the fourth and final installment due on 15 March 2010 against Rs 770 crore in the similar quarter previous year.
The company’s net profit for the quarter ended December 31, 2010 rose by 28.14% to Rs 5136 crore as compared to Rs 4008 crore for the quarter ended December 31, 2009. On the other hand, the company’s net Income rose by 5.52% at Rs 60530 crore for the December quarter for the year 2010 as compared to Rs 57364 crore for the corresponding quarter of the previous year.
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