Page 120 - DMGT521_PROJECT_MANAGEMENT

Unit 7: Market and Demand Analysis

Notes
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Case Study Reliance Petro Jamnagar Refinery Ahead of Schedule

For the June quarter Reliance Petroleum Ltd has overshot its budget by 1,390 crore
for setting up the Greenfield refinery at Jamnagar.
The refinery project is expected to be completed ahead of the December deadline. It has
achieved 94 per cent overall progress in implementing the project, the company said in a
BSE statement.

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Reliance Petroleum is setting up the export oriented refinery, with a capacity to process
580,000 barrels a day of crude. It is also setting up a 900,000 tonnes a year polypropylene
plant.
Reliance Petroleum in the statement said, "As on June 30, the company has utilised 25,515
crore for the project against a projected utilisation of funds of 24,125 crore. The variation
is mainly due to payments in advance under project contracts for continued efficient and
speedy implementation of the project."
The company added that the project engineering, procurement and contracting activities
have been completed for the refinery.

Contd...

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