enhance international llc is a management consultancy advising the china insurance regulatory commission and the national health and family planning commission as china looks to reform health care with the china demographics challenge of an aging population and a shift from the old communist health system to one that has to catch up with china 's expanding economy and rapid growth of chronic diseases .

enhance international llc held a conference with white house adviser and affordable care act architect dr. ezekiel emanuel and minister for health reform mr. liang wan nian under minister li bin ( politician ) .

a key outcome of the meeting is the two commissions ' interest in building a model similar to the affordable care act , despite all recent controversy this program has received in the united states .

enhance international llc is often quoted and published on china 's insurance reform , in most of the major financial news sources including : cnbc , bloomberg businessweek , the wall street journal , the economist , financial times and a. m. best 's best review .

enhance international llc also worked with sean chen ( politician ) , the former premier of taiwan , when he was the chairman of the financial supervisory commission ( republic of china ) of taiwan and negotiating the financial memorandum of understanding with china .

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sam radwan , partner & co - founder of enhance international talks about building a safety net for the elderly in china .
the office of international students and scholars ( oiss ) is moving forward with several initiatives to enhance the experience of international students on campus and minimize barriers they may encounter while at st . thomas .
oiss has created an international student advisory board to formalize the feedback that is being received from international students . this group is made up of 11 diverse undergraduate and graduate international students who will meet twice per semester .
through this program , new students will be able to connect with current international students and an oiss staff member , as well as other new international students from their orientation groups .
representation in this work group includes dining services , the business and card offices , dean of students , international admissions , academic counseling and support , several faculty members and current international students .
in fall 2015 , xiaowen guan , associate professor in the communication and journalism department , and lori friedman , director of oiss , created the international student retention group to help minimize barriers for international students .
as a part of the international student retention group , guan and friedman will send an email to all faculty with a first - year international student in their class beginning this fall . the email will provide useful tips for working with international students in the classroom as well as information for those seeking additional resources .
eig’s leadership outreach program ( lop ) provides senior organizational leaders ( e . g . , c - suite to gm ) reliable guidance and practical advice on how to manage in a broad spectrum of business situations to enhance trust and respect .
taiwan also offers a ray of hope . sam radwan of enhance international , an insurance consultancy , observes that while china and taiwan both have extremely high rates of household savings , the former spends less than 4 % of gdp on insurance while the latter spends a juicy 17 % . in insurance , as in much else in china , it may pay to persevere .
this presented an opportunity for international students to be more integrated into the st . thomas experience and receive a similar preparation to other students .
the board provides feedback and advice to student affairs leaders ( namely residence life , dean of students , career development , counseling and health services , campus life and oiss ) to improve the international student experience and better understand the current challenges faced by international students at st . thomas .
in fall 2016 , for the first time , oiss and the dean of students offices coordinated a joint orientation program for international and domestic students . in previous years , incoming international students went through a separate orientation . this year , the groups were blended , giving both populations the opportunity to build connections and relationships with each other from the beginning .
in its resolution 4 / 2 , the conference of the states parties to the united nations convention against corruption decided to convene open - ended intergovernmental expert meetings on international cooperation .
fast growth is , in one respect , just what china’s insurance industry needs . the population will get much older in the coming decades , but the public pension scheme is still in its infancy . by supplementing public coverage with private policies , the government hopes that people may just manage to escape penury in their old age . at the moment the government covers roughly a third of medical expenses and insurance companies less than a tenth , leaving individuals to pick up more than half the tab themselves , according to enhance international , an insurance consultancy . that is an especially heavy burden , naturally , for the elderly .
the functions of the meetings are to assist it in developing cumulative knowledge in the area of international cooperation and encourage such cooperation , facilitate the exchange of experiences among states parties and assist the conference in identifying the capacity - building needs of states .
beginning this fall , oiss is implementing a six - week extended orientation program for new undergraduate international students that will help increase retention and allow for a smooth transition to life in the u . s . and at st . thomas in a cohort model titled orientation connect .
throughout the last year , they have worked with the career development center to include more resources for international students on their website , with faculty development and academic affairs to offer workshops to faculty , and coordinated activities with other stakeholders across the university on projects still in progress .
from left : dr nkosazana dlamini zuma , chairperson of the african union commission ; dr margaret chan who director - general ; dr jim yong kim , president of the world bank group ; ms gunilla carlsson , minister of international development cooperation , sweden ; and dr shigeru omi , president of the health assembly .
china and who update delegates and international journalists on the avian influenza a ( h7n9 ) virus situation . from left , dr margaret chan , who director - general ; li bin , minister of national health and family planning commission , china ; dr . liang wannian , director - general , the chinese team leader of china - who joint mission on the avian influenza a ( h7n9 ) virus , national health and family planning commission , china .
this month regulators turned their attention to some of the insurers that have been among the boldest in expanding . first they sent inspectors to sino life insurance co , which has run down its capital in recent quarters . then they went to anbang , which has increased its assets some 50 - fold over the past two years . that inspection was a particularly important signal about the clout of regulators . many observers had assumed that anbang would receive preferential treatment , thanks to strong political connections ( its chairman is married to the granddaughter of deng xiaoping , a revered former leader ) . but regulators blocked its $ 14 billion bid earlier this year for starwood , a big international hotel chain , and now seem to be clipping its wings at home .
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who director - general dr margaret chan listens intently to discussions of member states in committee a .
dr margaret chan who director - general and dr shigeru omi , president of the health assembly congratulate dr jim yong kim , president of the world bank group after his address to the plenary .
experts answer media questions at a press conference on the avian influenza a ( h7n9 ) virus situation . from left : dr . j . lubroth , chief veterinary officer of food and agriculture organization ( fao ) ; dr k . fukuda adg / hse , who ; dr . b . vallat , director - general , world organisation for animal health ( oie ) .
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by any reasonable measure , china is an insurer ' s dream . with premium income topping 1 . 5 trillion yuan ( $ 220 billion ) , the market is enormous . it is also growing fast , with the life - insurance sector alone doubling between 2007 and 2010 . and insurance penetration ( premiums as a share of gdp ) , remains extremely low ( see chart ) . so why is it that both domestic and foreign insurers seem to be struggling ?
chinese firms are now experiencing serious growing pains . to get an idea of the problems , take a look at the prospectus offered by new china life , a big local insurer , for its dual share placement , which will take place shortly on the hong kong and shanghai stockmarkets . by its own admission , the company needs to raise equity because of a capital shortfall .
this shortfall is caused by rapid growth : when you sign up vast numbers of new clients , your potential liabilities shoot up instantly , while the extra premiums roll in only gradually . ( another reason for the capital shortfall is that new china ' s investments in domestic chinese shares have done badly . )
many other local insurers also face a shortage of capital . china ' s insurance regulator is scrutinising the capital adequacy of insurers much more closely of late . for example , it wants firms to cut back on the amount of subordinated debt they issue . in the case of new china life , the company ' s solvency margin ( the cushion of capital that regulators require insurers to hold in case times turn rough ) fell below 87 % of total liabilities during the third quarter of this year . firms with ratios below 100 % now run the risk that regulators will limit which products they can offer and where they can invest .
these are not the only agonies that insurers face . standard & poor ' s , a credit - rating agency , believes that risk - management practices at chinese firms have not kept pace with expansion . it also worries about a mismatch between the industry ' s long - term liabilities and the typically short - term nature of its investments .
the boom has also attracted dozens of new firms and hordes of unsophisticated investors . stephan binder of mckinsey & co , a consultancy , argues that many people who have bought shares in new insurers do not understand the industry . he thinks they were dazzled by the public placement of ping an , an innovative chinese insurer that is also one of the world ' s largest , only to be “surprised to find that you don ' t get any cash out of these businesses quickly and instead must keep putting in cash for years” .
foreign insurers in china know that sinking feeling all too well . a report published on november 30th by another credit - rating agency , moody ' s , calculates that of the 47 foreign insurance outfits in china in 2010 , only 11 made a profit ( and even that was generally a meagre sum ) . the aggregate market share of firms with substantial foreign ownership is still below 5 % . and recent months have seen new york life leave the market , axa and sun life reduce their ownership stakes in joint ventures and standard life attempt—in vain—to find a buyer for its local operation .
could this “mark the beginning of a broader retreat” ? asks sally yim , the report ' s author . perhaps ; but retreating could be unwise . though regulations are skewed against foreign insurers , mr binder believes they can still succeed in china if they correct some of their own mistakes .
for example , they could do a better job of nurturing local talent and adapting foreign business models to local conditions—two areas where they have conspicuously failed in the past . he points to south korea , where foreign insurers lost money on a queered pitch for over a decade , but are now raking in handsome profits .
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even for a country used to rapid growth , the expansion of china’s insurance industry has been something to behold . assets managed by insurers have doubled in less than four years to 13 . 9 trillion yuan ( $ 2 . 1 trillion ) . their revenues from selling policies have accelerated , climbing 42 % year - on - year in the first quarter of 2016 ( see chart ) . most remarkable has been the increase in their workforce . over the past six months alone , they have added 2m to their sales force they now employ some 7 . 2m people , up 120 % since the start of last year . put another way , roughly one in every 50 workers in chinese cities is selling insurance products .
but excessively rapid growth , built on flimsy business models , risks doing more harm than good . there have been plenty of worrying signs . the most aggressive firms have scaled up by offering guaranteed returns of 6 % or more on short - term investment products , an extremely risky strategy for what is supposed to be a sober and reliable industry . to deliver these returns despite a lacklustre stockmarket , they have piled on debt and cut into their own margins . moreover , these short - term products do not necessarily help investors through retirement : people are free to cash out when their policies mature , leaving them with no coverage against death , illness or accidents .
regulators appear to have had enough . in march they announced their strictest rules yet to curb speculative behaviour . they barred insurers from selling products with maturities of less than one year and began to phase out those with maturities of less than three years . these measures , though somewhat crude , should help prevent mismatches between long - term assets and short - term liabilities .
more fundamentally , china has also overhauled solvency rules , which should force insurers to change the way they operate . capital requirements had been based on simple gauges of size . now they are much closer to the norm in developed markets , varying in line with how quickly policies turn over and how premiums are invested . firms that rely excessively on short policies or that invest heavily in the stockmarket must hold a much bigger cushion .
the heyday of rapid expansion by opportunistic firms is over , predicts lee yuan siong of ping an insurance , one of china’s biggest providers . “the government saw the danger early enough before it got out of control . ” if the new rules work , insurers will need to focus on persuading people to buy their policies for protection rather than as an investment . that is a safer bet , but a harder sell .
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the kochi refinery ( kr ) is a public crude oil refinery in the city of kochi , in the state of kerala , india .

it has a production capacity of 9.5 million tons per annum .

formerly known as cochin refineries limited and later renamed as kochi refineries limited , it was acquired by bharat petroleum corporation limited in the year 2006 .

kochi refineries

single point mooring facility proposed to be set up by kochi refineries ltd at puthuvypeen near kochi .
glassdoor gives you an inside look at what it ' s like to work at kochi refineries , including salaries , reviews , office photos , and more . this is the kochi refineries company profile . all content is posted anonymously by employees working at kochi refineries .
kochi refineries was originally established as a joint venture in collaboration with phillips petroleum corporation , usa .
you can view full text of the director ' s report for kochi refineries ltd . ( merged .
the company history page lists out the major events in chronological order for kochi refineries ltd . ( merged )
bpcl currently has four refineries — in mumbai , kochi , bina in madhya pradesh and numaligarh in assam .
the spm project has become inevitable for the refineries as kochi refineries is expanding its capacity from the present 7 . 5 mtpa to 9 . 5 mtpa , he said .
strong balance sheet of the parent : kochi refineries has planned capacity expansion by 3 mtpa . the merger with bpcl would enable kochi refineries to have better finance options in terms of its parent ' s balance sheet strength .
kochi , aug . 4 bpcl - kochi refineries is to take up a mega project involving an investment of over rs 5 , 000 crore for upgradation of residue to value - added distillate products .
processing of 1 . 5 million tonnes per annum ( mtpa ) of residue from mumbai refinery is also being considered at kochi refineries , mr nandakumar said .
you can view announcement date , effective date , dividend type ( interim , final and special ) , and percentage of dividend given information for kochi refineries ltd . ( merged )
the last bonus that kochi refineries had announced was in 2000 in the ratio of 1 : 1 . the share has been quoting ex - bonus from november 13 , 2000 .
since it can now trade power , kochi refineries has decided to include it in its diversification programme and it is going to be a joint venture using modern foreign technology , he said .
a pipeline connecting the proposed terminal to kochi refineries and the lpg bottling plants at udayamperoor , palakkad , coimbatore , erode and salem would go a long way in reducing congestion on the state highways .
kochi is the home to southern naval command of the indian navy and the state headquarters of the indian coast guard with an attached air squadron , named air squadron 747 . commercial maritime facilities of the city include the port of kochi , an international container transshipment terminal , the cochin shipyard , offshore spm of the kochi refineries , and the kochi marina . kochi is also home for the cochin stock exchange , international pepper exchange , industries like hmt , cyber city , kinfra hi - tech park major chemical industries like the fact , tcc , irel , hocl [ 18 ] and kochi refineries , electrical industries like telk and industrial parks like the cochin special economic zone and infopark . kochi is home for the high court of kerala and lakshadweep , and the cochin university of science and technology . kochi is also home for kerala ' s national law school , the national university of advanced legal studies .
caring for the environment forms the core of all activities at the bpcl kochi refinery .
kochi refinery has received numerous awards for excellence in operations , safety and environmental protection .
backwaters of kochi , marine drive , fort kochi , hill palace , mattancherry palace , jawaharlal nehru stadium , jewish synagogue , santa cruz cathedral basilica , bolgatty palace , kochi international marina , willingdon island , st . francis church , pallipuram fort , bastion bunglow etc .
he said that the project would enable processing of more quantities of cheaper high sulfur crudes at kochi refineries and upgradation of residue to more valuable products such as diesel , naphtha and lpg , thereby improving the refining margin .
efforts are on at the kochi refinery to reduce energy consumption and lower costs of production .
* kochi city map showing major roads , hotels , hospitals and other places of interest .
the board of directors of bharat petroleum corporation ( bpcl ) , which met today , has cleared a merger proposal of kochi refineries with the company . according to a release issued to the bse today , the merger ratio has been fixed at 1 : 2 . 25 i . e four shares of bpcl for nine shares of kochi refineries .
the above proposal is , however , subject to the necessary approvals ,
the release added .
the recent announcements of a possible merger of kochi refineries with its parent , bpcl has led to a spur in the stock prices of the former ( gained over 6 % during the week ) . on the other hand , bpcl has lost nearly 2 % over the same period . let us now analyze the benefits of the merger from the point of view of a standalone refiner ( kochi refineries ) and the oil marketing major ( bpcl ) :
kochi refinery also won the overall championship trophy for scoring highest points in the joint hindi week celebrations - 2017 organised under the auspices of kochi town official language implementation committee ( psus ) .
india gives some tax relief to refineries in the northeast to make them profitable as the fuel demand in the region is very low .
© 2016 bintel ventures private limited , kochi - 17 b - cabs , b - cabs logo and ride easy . . . are trademarks or registered trademarks of bintel venutres ( p ) limited - kochi and our main services are : cochin taxi service , kochi airport taxi , cochin airport taxi , rent a car cochin . all legal issues shall be dealt under kochi jurisdication .
bpcl kochi refinery has bagged the nipm kerala best corporate citizen award for the second consecutive year .
kochi refinery implements world - class technologies to improve margins and face competition . egration with the petrochemicals complex
the above mentioned top 10 refineries account for 91 . 67 % of the total projected refining capacity of india as a whole in 2016 - 17 .
kochi refinery has five aaqms along the boundaries of the refinery to monitor the level of contaminants in atmosphere .
the bpcl kochi refinery has been receiving several awards and recognition for its excellence in the fields of operational , safety and environmental performance . some moments from various bpcl kochi refinery awards and felicitation ceremoniesover recent years are listed below .
new delhi , dec . 5 . bharat petroleum corporation ltd ( bpcl ) has said the merger of kochi refineries ltd with itself will be completed by april . the company hoped that the madhya pradesh government would ` soon ' grant concessions for setting up the bina refinery .
kochi refinery , formerly known as kochin refineries , is one of india ' s major regional oil refiners . the company ' s refinery complex , originally established in 1963 with a refining capacity of 2 . 5 million metric tons per year , now has an annual . . .
the “excellent award” for safety in the very large factories category employing more than 500 workers went to the kochi refineries of bharat petroleum corporation limited ( chemical and petrochemical category ) , cochin shipyard limited ( engineering category ) , and hll life care limited ( rubber and plastics ) .
the rs 623 - crore single point mooring ( spm ) project of kochi refineries limited ( krl ) is expected to take off this month when the work contract is awarded for the construction of the site office and warehouse at puthuvypeen at an estimated cost of rs 3 crore .
bpcl has already invested rs 10 , 000 crore of the budgeted rs 16 , 000 for the kochi refinery expansion project till february . bharat petroleum expects stabilised earnings from the revamped kochi refinery to reflect in income statements from january 2017 . recently , the company received environmental clearance for its pipeline from kochi port to the ambalamugal premises of the refinery .
sark cables is also an approved manufacturer of pwd , which makes its products acceptable to government works . sark cables is also an approved vendor of kochi refineries limited , m / s bhel , m / s kerala minerals and metals limited , malabar cements limited and many other organisations .
even as kochi refineries ltd ( krl ) is in the process of awarding major contracts for the single point mooring ( spm ) and laying pipelines , the construction at puthuvypeen near here has come to a halt after the head - load workers went on a strike demanding high wages .
detailed study is being carried out on the “bottoms upgrading project” by a consultant and it is expected to cost around rs 5 , 000 crore to rs 8 , 000 crore , depending on the final configuration , mr e . nandakumar , executive director , bpcl - kochi refineries , told
while the ground - breaking for the rs3 , 000 crore international container trans - shipment terminal ( ictt ) at vallarpadam , off kochi in kerala , was completed on monday , the rs821 crore single - point mooring ( spm ) facility for the kochi refineries of bharat petroleum chemicals ltd ( bpcl ) saw the first crude oil tanker berth . the discharge of crude is scheduled to start on wednesday .
crz approval from moef & cc for laying heat traced pipeline from south tanker berth to bpcl kochi refinery . click here
bpcl kochi refinery has won state pollution control excellence award instituted by kerala state pollution control board ( kspcb ) . kochi refinery has achieved this award for the 12th consecutive year for pollution control measures in the category of very large industries .
however , to boil it down to one major beneficiary over the other , we believe that kochi refineries has got a better deal as compared to bpcl . in the short term , bpcl shall benefit on account of high refining margins compensating for marketing margins . however , over the long - term , with crude prices likely to fall ( and are falling ) and product demand stabilizing , refining margins are likely to decline . being a standalone refinery , kochi refineries has little bargaining power and as a result of the merger , it would have an integrated retail presence and better revenue model .
ec compliance report ( may 23 , 2016 ) of propylene derivatives petrochemical project ( pdpp ) at kochi refinery . click here
2 . history ▪ 1975 – goi acquired burmah shell refineries ( business - storing and distribution company ) ▪ bsr , a foreign company established in england in 1928 . ▪ 1976 - bsr renamed bharat refineries limited & 1977 to bpcl . ▪ between 1991 - 1994 , goi disinvested part of holdings to fii and bpcl employees ( 66 . 2 : 33 . 8 )
the projected refining capacity in india is 313 . 6 million metric tonnes per annum ( mmtpa ) in 2016 - 17 . the top 10 refineries in terms of the projected refining capacity are : indian oil corporation ( ioc ) , reliance industries limited ( ril ) – dta and sez – jamnagar , essar oil limited ( eol ) – jamnagar , hindustan petroleum corporation ( hpc ) – mr and vr , chennai petroleum corporation limited ( cpcl ) , managalore refineries and petrochemicals limited ( mrpl ) , kochi , nagarjuna oil corporation limited ( nocl ) – cuddalore , bharat petroleum corporation ( bpc ) – mumbai and bharat oman refineries limited ( borl ) – bina in 2016 - 17 .
bpcl is currently trading at rs 348 , implying a p / e multiple of 17 . 8x annualized 1qfy05 earnings while on the other hand , kochi refineries is trading at rs 170 , implying a p / e multiple of 3 . 8x its annualized 1qfy05 earnings . however , we believe , 1qfy05 performance of the oil marketing major was largely due to political repercussions while the current merger would help the company withstand such pressure going forward . on the other hand , kochi refineries would benefit from the strong marketing presence of its parent assuring product offtake and the strong balance sheet size would enable the company to raise debts more efficiently .
` ` the scheme of amalgamation is on and the merger of krl with bpcl will be over by april , ' ' mukesh rohatgi , director ( refineries ) , bpcl , said .
classroom training tracez offers classroom based training in technical , hse & leadership subjects for oil & gas industries in e & p , refineries , petrochemicals , power & utility systems , etc .
mr . prasad k panicker , executive director ( i / c ) , kochi refinery and past president , kma , spoke at the function . sustaining the various environment care initiatives implemented over the years has helped bpcl kochi refinery distinguish itself as an environment friendly company .
the refiner intends to spend about 100 billion rupees to expand its coastal plants at kochi in southern india and mumbai in the west .
the refineries had long back planned to set up a 500 - mw power plant using the residues as fuel . however , this was given up later as it was found to be unviable .
integrated business : kochi refineries , which has a capacity of 7 . 5 mtpa ( million tonnes per annum ) is currently a standalone refinery ( i . e . only refining and no retail presence ) . while the company has no expertise in the retail space , the merger would enable it to come under the umbrella of bpcl , which has a major market share in the retail fuels segment ( 22 % of volumes sold through retail outlets in fy04 ) . further , with kochi refineries ' crude requirements being met by bpcl ' s imports , the marketing major would ensure optimum crude mix to produce value added products , thereby resulting in higher refining margins .
the $ 17 - b clean fuels project ( cfp ) is designed to upgrade and integrate the mina abdullah and mina al - ahmadi refineries . the mina al - ahmadi plant’s capacity will decrease to 346 mbpd , and the mina abdullah refinery’s capacity will increase to 454 mbpd . the newly integrated refineries will act as a single merchant refinery , boosting domestic capacity from 736 mbpd to 800 mbpd .
energy conservation efforts at the kochi refinery receive continuous focus , both in terms of improvement in operations as well as the development of new projects .
the spices of kochi are also coveted collector ' s item . so shop till you drop and stack your bags with sealed pouches of fresh spices .
mr jayesh shah , executive director ( hr ) , mr george thomas , general manager ( pr & admn ) and mr . vineeth m varghese , sm ( pr & admin ) along with the csr team received the trophy and certificate from mr . apm mohammed hanish ias , managing director , kochi metro rail ltd in kochi on 23 june 2018 . bpcl kochi refinery competed among large companies having a minimum csr budget above rs . 100 lakhs .
mr p s ramachandran , executive director ( projects ) & kr team received the trophy from shri g muraleedharan its , pgmt , bsnl , kochi .
the ipo page of kochi refineries ltd . ( merged ) captures the details on its issue open date , issue close date , listing date , face value , price band , issue size , issue type , and listing date ' s open price , high price , low price , close price and volume . it also captures the holding period returns and annual returns .
fort kochi , st . francis ' church , mattancherry palace , synagogue , bolghatty palace , santa cruz basilica , bolgatty palace , pareekshith thampuran museum etc .
kochi refinery won business award for the business house that handled highest cargo through cochin port trust in the financial year 2015 - 2016 . mr p murali madhavan , general manager ( om & s ) received the award from from mr paul antony , ias , then chairman of cochin port day 2016 at kochi on 26 may
the upcoming petchem facility , adjacent to its kochi refinery , once completed , will produce 250 million tonne speciality propylene derivative products , which are fully imported now .
a container trans - shipment terminal near kochi will allow indian exporters and importers to ship their container cargo directly to and from destinations without depending on neighbouring ports .
the major units commissioned recently at bpcl - kochi refinery under integrated refinery expansion project ( irep ) are designed to enhance the company’s refining capacity by six million tonnes .
the queen of the adriatic , has a rather befuddling history of nomenclature . it can be traced back to the malayalam word koch azhi , which means a lagoon which is not very large in size . another possibility is the name having its roots in kaci which means port . the history of the name also carries connotations of the bible scriptures , namely cohen which metamorphosed into cocha and eventually into kochi . the name , kochi , also has chinese hints . the legend goes that emperor kublai khan ' s merchants gave kochi its name . an example of the cosmopolitan culture of kochi is reflected in its sanskrit inspired name . many opine that it has its roots in the sanskrit word go shree that literally means thriving with the auspicious animal . niccolo dei conti and fra paoline ' s travelogues associate the name kochi with the river kochchi .
mr . prasad k panicker , executive director ( kochi refinery ) , mr . damien gracious , chief general manager ( hse ) , mr . es anilkumar and mr . kg aji received the award on behalf of bpcl kochi refinery from hon’ble chief minister of kerala mr . pinarayi vijayan at a function held at thiruvananthapuram on 7 june 2018 .
kochi refinery has also won the excellence award in accounting & compliance and has come runner - up in excellence in governance . the finance team led by mr pk suresh , general manager ( finance ) and mr pius mathew , deputy general manager ( project finance ) received the awards . mr balasubramanian p , director ( finance ) and mr r ramachandran , director ( refineries ) were also present during the award ceremony .
it was indeed a proud moment for bpcl mr to receive 2nd prize for the swachhata award 2017 - 2018 . this award was received by our director ( refineries ) shri . r . ramachandran at the hands of shri kd tripathi , secretary ,
kerala’s first and largest circulated business magazine ‘dhanam’ has selected shri . prasad k panicker , executive director i / c ( kochi refinery ) as the “business professional of the year 2015” . shri . panicker received the prestigious award from shri . pinarayi vijayan , hon’ble chief minister of kerala at a function in kochi on 23 july 2016 . shri . panicker was chosen for this award for demonstrating “the best management model to kerala . ” he has dedicated this recognition bestowed on him to the kochi refinery team for their commitment and unstinting support that has enabled successful implementation of refinery projects as well as non - stop operations of the refinery . bharat petroleum parivar congratulates ed ( kochi refinery ) on this achievement .
diversified revenue structure : the merger would enable the company to withstand the volatility in gross refining margins ( grm ) . currently , the refining margins are at record highs of nearly us $ 5 per barrel . however , with the merger , kochi refineries could enter into the marketing segment with bpcl ' s expertise and this would enable it to diversify its revenue structure and profitability , which is heavily dependent on gross refining margins .
japan’s kawasaki kisen kaisha ltd cargo ship . the single - point mooring facility at the kochi port will reduce the dependence of container cargo ships from around the world on neighbouring ports
bpcl kochi refinery also bagged another award for excellence in safety management . ms . ms mythily , member secretary , kerala state pollution control board distributed the award . mr . pk thampi , gm ( technical ) received the award on behalf of kochi refinery . mr roshan shihab pm , chief manager ( f & s ) and jhssec members were also present .
with the rising demand for petroleum expected in the coming years , as well as to maintain its competitiveness and profitability in the long run , kochi refinery is implementing some ambitious projects .
the comptroller & auditor general of india has appointed messrs elias george & co . , chartered accountants , kochi for auditing the accounts of the company for the year ended 31 march 2005 .
bpcl , the country’s second - biggest state refiner , aims to lift its crude processing capacity to 1 . 18 million barrels per day ( bpd ) by 2022 from the current 730 , 000 bpd , its head of refineries r . ramachandran told reuters on wednesday .
11 . initial phase of redesign • bpcl is capable of extracting 7 to 8 million tons , whereas the demand ranges about 16 to 18 million tons of crude per year . • to address this gap , bpcl acquired kochi refineries , which has a capacity of about 8 million tons and is looking forward to expand opportunities in the refinery business . • hired the internationally renowned consultancy firm mckinsey on formulating an effective retailing strategy and opening of convenience and grocery stores .
the company is currently raising the capacity of its kochi plant by 63 percent to 310 , 000 bpd and plans to expand the plant to 400 , 000 bpd by 2022 , ramachandran said .
the kochi refinery currently produces petrochemical feed stocks such as benzene , toluene and propylene . post - expansion and technology upgrade , it will be able to process euro - v petrol and diesel .
the rs . 5 , 000 - crore kochi petrochemiclas project , announced in december 2011 as part of a rs . 20 , 000 - crore expansion of the kochi refinery , will help the country end its dependence on imports of speciality propylene derivatives - based products such as acrylic acids and acrylates used in plastics , paints , coatings , adhesives , inks and textiles , the company claimed .
take a stroll down the various islands that characterize kochi . the lush bolgatty island , vypeen island and the willingdon island are coveted tourist destinations . they are the ideal romantic getaways for the honeymooners .
by a strange stroke of irony one of the first casualties of the fire was the cochin refineries fire station which was gutted . but the entire complex still looks like a war ravaged zone littered with broken glass and wood . officials are in the dark about the causes of the fire .
bharat petroleum’s kochi refinery is in the process of augmenting refining capacity to 15 mmtpa with its integrated refinery expansion project . crude throughput and capacity utilisation of the refinery during the last few years are as follows : –
with the addition of the 615 - mbpd al - zour refinery , kuwait’s domestic refining capacity will surpass 1 . 4 mmbpd by the end of the decade . after the refineries are integrated , knpc will shut down its 200 - mbpd shuaiba facility , as a revamp of the plant has been deemed uneconomical .
kochi petchem project is part of the rs . one lakh crore planned capex for the nextfive years , out of which rs . 40 , 000 crore will be spent on refining capacity additionalone . | photo credit : vipin chandran
kochi being an important port city is strategically located , well connected by aerial routes , railways and bus . travelers who want to avail the aerial route can alight at cochin international airport at nedumbessary . if rail journeys fascinate you then you can enquire at ernakulam town and ernakulam junction . mangla lakshadweep and netravati expresses from mumbai , trivandrum rajdhani from delhi , ernakulam and kanyakumari expresses from bangalore , trivandrum mail from chennai and howrah - trivandrum express from kolkata are some of the major trains plying to kochi . if you want to hit the road to reach kochi , then you can either enquire at the ksrtc bus junction at ernakulam or cross the bridges to willingdon island and avail nh47a .
oberon mall , gold souk grande kochi , bay pride mall and lulu mall , forum thomsun mall , center square mall , m . g road , jew town , spices board , amay , marine drive , incy bella etc .
the chairman also said the kochi petchem project is part of the rs . 1 lakh crore planned capex for the next five years , out of which rs . 40 , 000 crore will be spent on refining capacity addition alone .
the explosion was loud enough to get nearly everyone in cochin out of bed . but the thunderous blast at 5 . 30 a . m . on march 8 , as an aviation tank blew up in the cochin refineries at ambalamugal was only the beginning of one of the worst fires in the history of the indian oil industry .
the rs 623 - crore spm project has become inevitable for the refineries to reduce the cost on transportation of crude especially at a time when krl is expanding its capacity from the present 7 . 5 million tonnes per annum ( mtpa ) to 9 . 5 mtpa , said mr n . nandakumar , general manager ( projects ) .
however , with the capacity expansion of the refineries—from 7 . 5 million tonnes to 9 . 5 million tonnes—volumes should grow to bring in higher revenues . ictt , along with the proposed lng terminal , and a slew of projects , such as the two port - based special economic zones , should see a renaissance of the port .
the building of chemical industries in india—of which the kochi refinery is a big part—was considered a basic part of nation - building . these basic blocks are a big part of the end consumer goods in the hands of millions of indians . in 1963 it was scarcely believable that the scale and demand of these chemical products would rise as rapidly as was seen in the decades ahead . in this process , the kochi refinery has played its small but important role quietly .
the spm project will be the first to commence work at puthuvypeen , where the pll ' s lng terminal , and a power plant are to come up . once these projects are commissioned , puthuvypeen may become the hub of major industrial activities in kerala , says mr m . a . mohammed ali , director ( refineries ) , krl .
the chinese fishing nets , a remnant from the rule of the majestic kublai khan , is another major tourist attraction . after a day of wander lust , you can unwind at the fort kochi beach , which also houses a pretty lighthouse .
bpcl kochi refinery finance has triumphed in the all india finance meet 2016 held at bengaluru on 13 august bringing home three prestigious awards . kr has won the coveted chairman’s award for best business partner recognizing excellence in finance function in the corporation .
kochi ( [ koˈtʃːi ] , also known as cochin , is a major port city on the south west coast of india by the arabian sea and is part of the district of ernakulam in the state of kerala . kochi is often called ernakulam , which refers to the mainland part of the city . the city of kochi ( pop . 601 , 574 ) is the second largest and most densely populated city in the state and is part of an extended metropolitan region ( pop . 2 . 1 million ) , which is the largest urban agglomeration in kerala . kochi city is also a part of the greater cochin region and is classified as a tier - ii city by the government of india . the civic body that governs the city is the cochin municipal corporation , which was constituted in the year 1967 , and the statutory bodies that oversee its development are the greater cochin development authority ( gcda ) and the goshree islands development authority ( gida ) .
earlier bpcl kochi refinery presented the various csr initiatives undertaken during fy 2017 - 18 on 18 june 2018 . five major csr projects based on our thrust areas were showcased before the jury along with a summary of all the csr activities including the contributions of the csr volunteers club of kochi refinery that has a wide representation from among employees and family members . ms ancy johnson , manager ( pr & lw ) and csr team members ms . elizabeth davis and mr . pa mohammed nizar made the presentation .
state - run oil refiner bharat petroleum corporation ( bpcl ) is all set to start work on the petrochemicals complex in kochi with all green clearances in place and securing a rs . 4 , 000 - crore loan commitment from state bank of india .
kochi refinery was commissioned in 1966 with crude oil processing capacity of 2 . 5 million metric tons per annum ( mmtpa ) . through progressive revamps and addition of process units , the refining capacity has been augmented to present level of 15 . 5 mmtpa .
as the protest by locals over indian oil corporation’s upcoming lpg import terminal at puthuvypeen near kochi is at its peak , the company has said that it is incurring a loss of close to ₹1 crore per day due to the obstruction of work since february .
a big leap in the economy of kerala and kochi . hope this project makes kerala a power surplus state . in spite of kerala being generally projected as a state which is unsuitable for manufacturing industries , some companies like refinery , shipyard have worked wonders .
bpcl to set up 5 butterfly parks soon kochi : the bpcl kochi refinery will set up five butterfly parks on its premises as part of a greening project . the company launched the project on monday with an exhibition of 100 photographs showing different shades of nature and wildlife displayed in the refinery premises . under the programme , 10 , 000 trees including those that attract butterflies will be planted in the campus and surrounding areas within a year . to begin the initiative , 100 saplings were planted on the first day . urltoken
as it is the houses in the area suffered lakhs worth of damage . one of the worst hit buildings was the mar gregarios chapel across the road from the refineries . all the 13 doors of the chapel were blown in and a part of the roofing fell off . its chief priest mani mathai who was praying at the altar has been hospitalised with severe head injuries .
bpcl is also proposing the future integration of a petrochemicals complex at the kochi refinery . the proposed petrochemical facility would utilize the refinery’s propylene production as feedstock to produce specialty chemicals . the petrochemical project has received all construction approvals and is expected to be completed in 2018 .
due to high demand growth for refined petroleum products in india , bharat petroleum corp . ltd . ( bpcl ) is investing more than $ 4 b in the expansion and modernization of the kochi refinery . located in the indian state of kerala , the kochi integrated refinery expansion project ( irep ) will increase the facility’s refining capacity from 9 . 5 mmtpy to 15 . 5 mmtpy . irep will also include modernizing the plant to process high - sulfur crudes to produce high - quality transportation fuels that meet euro 4 and euro 5 specifications .
mr p s ramachandran , executive director ( projects ) , kr received the trophy from shri g muraleedharan its , pgmt , bsnl , kochi and smt . girija v r , sr . manager ( ol ) , kr received the certificate from shri a k choudhury , director , cifnet in a function held at bsnl bhavan , ernakulam on 12 . 03 . 2018 . dr . susmitha bhattacharya , asst . director ( implementation ) , regional implementation office , kochi and shri sreenivasa rao , dy . general manager , national insurance co . ltd . were also present .
the kma is a pioneer management association , that has been playing a pivotal role in the promotion and propagation of contemporary management principles and practices in kerala since 1957 . this award for continued excellence in environment care , has definitely made world environment day 2017 , special for kochi refinery .
bharat petroleum corporation limited kochi refinery has won the kerala state pollution control board excellence award for the year 2015 . we received the excellence award in the category of very large industry for substantial and sustained efforts in pollution control and for initiatives in environmental protection for the ninth consecutive year .
the govt of india and bpcl must seriously think of establishing a petro - energy university focusing on research on hydrocarbons and energy projects in kochi in some of the excess land available with bpcl . this can be a great help for upgrading many new product lines and new concepts for bpcl
kochi refinery has also taken up motor spirit block project for producing auto fuels complying bharat stage vi norms by 2020 . the company is also going ahead with its expansion plans of the petrochemical division . talks are in final stages with fact to acquire land for the purpose , he added .
“we have all the permissions in place from the environmental ministry and other regulatory authorities for the rs . 5 , 000 - crore petrochemicals complex in kochi . we hope to resume work and complete it as per schedule in 2018 , ” bpcl chairman and managing director s . varadarajan has said .
heat traced pipeline ( htpl ) the project is for laying a heat traced pipeline and associated facilities connecting kochi refinery with cochin port for transporting high pour products in marine tankers . the project is in the final stages of execution and the scheduled mechanical completion for the project is second half of 2018 .
the shopping fanatics can go on no holds barred shopping sprees to broadway and m . g road in ernakulam and mattancherry and jew street in fort kochi . you can collect old world charm exuding mementoes , intricately carved rose - wood chairs and tables , metal art and a host of other artifacts .
even though the official dedication of the landmark integrated refinery expansion project ( irep ) of bpcl kochi refinery will take place only after the new kerala government comes into power , the project is nearing completion . it is the highest project , in terms of fund outlay , which has ever taken place in kerala
the first two decades after independence were a heady period of nation - building . it was a time when a youthful nation began finding its feet and started building ‘modern temples’ with great zeal . the trend of building vital infrastructure and institutions was particularly strong in the hydrocarbons sector . in august 1956 , the oil and natural gas commission ( ongc ) was formed . in the downstream sector work to launch a number of refineries was initiated .
kochi refineries ltd . was incorporated in the year 06 - 09 - 1963 . its today ' s share price is 163 . 4 . its current market capitalisation stands at rs 112 . 36 cr . in the latest quarter , company has reported gross sales of rs . 154537 . 68 cr and total income of rs . 132471 . 04 cr . the company ' s management includes cherian n punnoose , n viswakumar , b k menon , ashok sinha . it is listed on the bse with a bse code of 500873 , nse with an nse symbol of cochinrefn and isin of ine123a01012 . it ' s registered office is at post bag 2 , kundannur , maradu , ernakulam dist - 682304 , kerala . their registrars are acc ltd . it ' s auditors are elias george & co
refining margins to compensate : post fy04 , the oil - marketing majors have been witnessing an acute squeeze in marketing margins , while refining margins have remained robust ( as refinery gate prices are linked to import parity prices and prices in the international markets have increased ) . due to political considerations , the oil - marketing majors were not allowed to increase product prices in line with costs and as a result , the psus witnessed a net loss per liter of petrol and diesel sold during 1qfy05 . however , high refining margins have enabled these companies to overcome the marketing blips , to some extent . to put things in perspective , bpcl ' s standalone mumbai refinery witnessed grm of us $ 4 . 6 per barrel while the same for kochi refineries is hovering at us $ 5 per barrel .
bpcl and lg chem had signed an agreement in july 2012 to set up a sap specialty chemicals plant in kochi . following this , bpcl tried in vain to buy outright the critical technology to make speciality propylene derivatives and sap ( super absorbent polymers ) , as there are only five companies in the world which have this technology .
modernisation “with the increased capacity of 15 . 5 million tonnes , kochi refinery will transform itself as a most modern industrial complex having global standards , ” he said . the irep project envisaged at an investment of ₹16 , 500 crore will also help the refinery to produce eco - friendly petrol and diesel complying euro iv and v standards .
krl receives crude oil from bombay high and from overseas at the crude oil terminal ( cot ) of the cochin port trust by deploying limited capacity tankers up to 70 , 000 tonnes due to draft limitation at kochi channel . this results in higher transportation costs to the refinery , especially when the crude is sourced from far off countries such as nigeria .
the year 2004 - 05 was an outstanding year for your company , in every way . thanks to sustained demand for petroleum products , the stand - alone refineries like your company could perform well amidst hardening of crude oil prices and increasing subsidy burdens . and the year in reckoning is singularly important , as the environment related cleaner fuels project could be completed on time and also as the strategic sbm project , with its potential for considerable savings in your company ' s crude transportation cost , is moving ahead .
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along with achievements in expansion and efficiency has come recognition for organisational efficiency that makes these outcomes appear seamless and easy . the combined environmental , safety and organizational practices have led to the kochi refinery being awarded the iso 9001 : 2008 certification for quality management system ; the iso 14001 : 2004 certificate for environmental management system and ohsas 18001 : 2007 for occupational health and safety management system . these certifications are among the most coveted for any industrial organisation . they are given for consistent achievements in large industrial systems and are not the achievable overnight . the kochi refinery being awarded these certificates shows how attention has been paid to these important activities over time by creating employee awareness and putting in place systems and processes that help achieve these outcomes .
the fire has come as something of an eye - opener for many people . c . subramaniam , inspector general of fire services , admits that the fire - fighting forces have never faced such a blaze . and all through , they faced the awesomely frightening possibility that the fire might spread to the other 65 tanks in the complex . says subramaniam :
the present fire in cochin refineries is the biggest ever in kerala .
but until the smoke clears nobody is hazarding a guess as to what caused the fire .
kochi refinery ( kr ) , bharat petroleum ' s world class refinery in the state of kerala has won the kerala state pollution control board excellence award for the year 2015 . it is for the ninth consecutive year that the excellence award is being bestowed on kr in the category of very large industry for substantial and sustained efforts in pollution control and for initiatives in environmental protection
and also a crucial one with regard to shifting towards a cleaner fuel . the project envisages capacity expansion of kochi refinery from 9 . 5 million metric tonnes per annum ( mmtpa ) to 15 . 5 mmtpa and modernisation of processing facilities to produce auto - fuels conforming to euro - iv or v specifications . it also envisages refinery residue stream upgradation to value added products .
the official dedication of the completed project can be done only after the new government in the state comes to power . as many as eight projects , which are parts of irep , is nearing completion . the final call on the dedication of the entire project to the nation should be taken by the ministry of petroleum and natural gas ,  said a bpcl kochi refinery official .
he said that now the head - load workers were on a strike for the past two days demanding higher wages . they are demanding rs 5 . 50 for unloading a bag of cement
which is exorbitantly high
as in kochi city the rate was rs 3 . 50 a bag , he said . the issue is being discussed with the trade unions , he said .
ernakulam , situated at a stone ' s throw distance , from kochi , exudes generation next verve and enthusiasm with a plethora of theatres , dining joints and shopping havens . broadway is a shopper ' s paradise , fragrant with an old world charisma . amble down the seventy - five feet marine drive or lean back to feast your eyes on the ernakulam - vypeen boat sail at a distance .
the year 2004 - 05 was a good one for stand - alone refineries . refining margins were good and your company has achieved its best ever performance in its history and attained an all time high gross sales turnover of rs . 154 , 403 million during the year against rs . 117 , 158 million during 2003 - 04 registering a growth of 31 . 8 % . the profit before tax of rs . 11 , 929 million achieved during the year under report is a record as against rs . 9 , 062 million in the previous year , registering a growth of 31 . 6 % .
bpcl has won the silver award in the best house journal category in the nib awards 2016 instituted by the press club ernakulam and public relations council of india , kerala chapter . mr george thomas , chief manager ( estates & administration ) and mr vineeth m varghese , manager ( public relations ) received the award from mr . v k ebrahimkunju , hon’ble minister for public works at a function held at kochi on 20 february .
mop & ng . mop & ng had constituted a competition amongst all oil sector refineries and designated cht as a nodal agency for evolving a swachhata index in order to determine inter - refinery ratings of all cpses . the parameters for developing the index along with rating criteria was evolved for comparing actual parameters . the parameters included nos . of toilets / drinking water facilities for workmen / contractors , general cleanliness in process plants / off sites , admin building , workshop , warehouse , systems and processes like mechanized cleaning , sewage treatment of water , utilization of waste papers , awareness campaigns in neighborhoods , swachhata inhouse and external competitions etc .
the entry of cng / lng in the indian market would also change the product demand . in a phased manner . all metros and a number of select cities including kochi . are slated to switch over to cng for fuel for vehicles , for achieving reduced emissions . the implementation of bs ii auto fuels in certain designated cities reflects the commitment of the industry to the concerns of pollution and these moves are a step towards environment friendly fuels .
bpcl kochi refinery bagged the outstanding safety performance award instituted by national safety council - kerala chapter under the category of very large industries . the award was received by kr team headed by mr pk thampi , general manager ( technical ) and mr . damien gracious kd , dgm ( fire & safety ) from mr p pramod , director of factories & boilers department , government of kerala during safety day celebration held at productivity house , ernakulam on 4 march
located 120 mi south of hanoi in thanh hoa province , the nghi son refinery and petrochemical project will be vietnam’s second refinery . the project is being developed by a jv of kuwait petroleum co . ( 35 . 1 % ) , idemitsu kosan ( 35 . 1 % ) , petrovietnam ( 25 . 1 % ) and mitsui chemicals ( 4 . 7 % ) . the 200 - mbpd refinery will process imported kuwaiti crude oil to produce high - octane gasoline , diesel and jet fuel . the project is part of the country’s 2020–2025 development plan and will eliminate the need for refined fuels imports by building multiple large - scale refineries .
feast your eyes on the wonderful architecture in fort kochi and mattancherry . a visit to these places should figure prominently in your itinerary . it is an eclectic blend of the arab , british , portuguese and dutch legacy . to get a taste of the portuguese architecture , you can head towards the santa cruz basilica . this five hundred year old church survived the dutch invasion . these followers of john calvin , the traders of holland were probably , enamored by the beautiful stained glass embellishments .
the other satisfying feature of the development of kochi refinery is its commitment to environmental , safety and organisational standards since its inception . spread over 1 , 300 acres , the refinery has blended very well with its natural environment . the rain - harvesting system and the eco - park have been developed keeping in mind the refinery’s environmental philosophy . these are not artificial features : they go hand in hand with the effort that has been made to treat waste thoroughly at the facility along with the efforts to reduce waste and conserve water .
kochi refinery has bagged the
kma excellence award 2017
for its green initiatives . mr . damien gracious , chief general manager ( hse ) , mr . c sainath , dgm ( environment ) and mr . mathew p thomas , dgm ( power & utilities ) received the award from ambassador dr . deepak vohra , special advisor to prime minister , lesotho and guinea - bissau and special advisor to ladakh autonomous hill development councils , leh and kargil at the annual awards function of the kerala management association ( kma ) on 5 june 2017 .
within the past two years , saudi arabia has added 800 mbpd of new refining capacity with the startup of the satorp and yasref refineries . an additional 400 mbpd of domestic refining capacity will go online in 2018 when saudi aramco’s $ 7 - b jazan refinery commences operations . the refinery is part of a $ 20 - b plan to develop the industrial city of jazan , as well as increase economic development in the region and create employment opportunities for saudis . the jazan city project includes the construction of the world’s largest integrated gasification combined - cycle power plant ( igcc ) . the igcc will use steam from the jazan refinery’s vacuum residue stream to generate nearly 4 , 000 mw of electricity . this power will not only supply electricity to the refinery , but also to the city residents .
from a simple beginning of refining to make available petroleum products to be used as fuels in different sectors of the economy , the kochi refinery now has an enviable portfolio of products that it churns out . among fuels , it supplies lpg and superior kerosene oil for use in households . its mainstay is , of course , the combination of petrol and high - speed diesel for use in automobiles . then there is naphtha which is an important ingredient that is used as a major raw material in fertilizer and other industries . the refinery also produces aviation turbine fuel .
closely linked to this enviable environmental track record is the safety record of the kochi refinery . the careful training of employees and contract workers and the regular awareness programmes on safety have led to the refinery achieving more than 43 million accident free working hours . this is not easy to achieve as the refinery is a complex maze of different chemical processes involving the handling or large volumes of hazardous materials . safety is not something that happens merely by following instructions mechanically . constant awareness and the blending of different processes are essential to achieve the final outcome that is called safety .
the project includes the installation of a new crude distillation unit ( cdu ) , delayed coker unit ( dcu ) , fluid catalytic cracking unit ( fccu ) , vgo hydrotreater , diesel hydrotreater , sulfur recovery unit ( sru ) , tail gas treating unit ( tgtu ) , hydrogen - generation unit , offsites and utilities . bpcl will also build a green biofuel refinery to produce ethanol from agricultural and municipal waste . the expansion project is scheduled to be finished by the end of the year . once completed , the kochi refinery will be the largest public - sector refinery in india .