Consignment Agreement for Project

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‘countrywide Rail’ a big step toward railway transport development TEHRAN- It became six years ago within the Iranian calendar 12 months 1393 (March 2014-March 2015), when for the first time Iran took a step for home construction of rail tracks. In that yr, the Islamic Republic of Iran Railways (called RAI), made an settlement with Esfahan steel business (ESCO) on the production of rail tracks. After the agreement, ESCO supplied necessary equipment and infrastructure during a course of two years, and within the Iranian year 1395, the business declared its comprehensive readiness for the construction of rail tracks required inner the nation. at the moment, the enterprise introduced that it had the annual potential for manufacturing four hundred,000 hundreds rail tracks complying with the mandatory standards. In November 2016, ESCO signed a contract with RAI to supply forty,000 a whole bunch U33 rails, and because of this launched its rail production line with €28.2 million plus 573 billion rials (about $13.6 million) of funding. In June 2018, the primary domestically-manufactured rail tracks have been surpassed over to RAI. The consignment contained 500 tons of U33 rail tracks which were produced in keeping with the newest global requisites together with engineering requirements EN13674.   bringing up the hand-over of the primary domestically-manufactured rail tracks (referred to as country wide Rail) to the Islamic Republic of Iran Railways, Iranian Transport Minister Mohammad Eslami pointed out, “moving towards self-sufficiency during this sector is a need to and start of the first cargo of the national Rail has been a large achievement during this regard.” He underscored that the country would become an important rail track producer in the location in close future. additionally speaking on the sidelines of the 20th edition of Iran’s foreign Exhibition of building and development industry (Iran ConFair 2020) on Thursday, the minister spoke of, “applying countrywide Rail in the railway community is an honor for the nation’s industrial sector.” ESCO has also signed a deal with Khatam-al Anbiya construction Headquarters for manufacturing 5,000 tons of rail tracks for use via Khatam-al Anbiya in an important railway assignment. The agreement become signed in a ceremony attended by using Eslami, the former trade, mining, and alternate minister, and the Khatam-al Anbiya chief in late February. As stated, the outlined rail tracks are going for use in the development of a railway that connects Chabahar Port to Zahedan city (both within the southeastern province of Sistan-Baluchestan). according to Eslami, the Chabahar-Zahedan railway challenge requires at the least 50,000 a whole lot rail tracks, 5000 of which goes to be supplied below this deal. Iran’s Sixth 5-12 months national development Plan (2016-2021) stresses, amongst different issues, the should develop the rail transport network. in response to the country’s former transport minister Abbas Akhoundi, Iran must construct 1,500 kilometers of railroads, for which it requires 1.8 million tons of rails. The Islamic Republic of Iran Railways says Iran needs an ordinary of 300,000-400,000 a whole lot rails per 12 months to satisfy the wants of this key transport sector. FNBB tasks deeper 50 foundation element reduce for this autumn 2020 Auditor established, Pulane Letebele, has expressed discontentment at the being concerned and deteriorating state of brigades within the nation. In an audit inspection which changed into conducted at Tshwaragano Brigade in Gabane, a number of observations confirmed weaknesses and shortcomings within the conduct of the monetary affairs of the establishment. according to Letebele’s file, former college students of the brigade had been engaged to perform maintenance works on the college premises, comprising of painting, tiling, plumbing and electrical works, which lined the duration from July 2017 to June 2018. youngsters the agreed upkeep period had elapsed, the works had now not been accomplished on account of unavailability of money and this situation had continued up till the time of inspection in November 2019. Auditor familiar says arrangements should still have been made in time for dollars to be accessible to comprehensive these surprisingly minor works even earlier than the works commenced. various contractors had been engaged for clearing the bush and for the supply of concrete stones, pit and river sand and hiring machine for digging the trench towards the construction of an auto mechanics workshop, the document mentioned. It stated that the can charge of features and components provided totalled P117 949.80. despite the fact, regardless of the services and the components having been paid for, the construction works had now not commenced for an extended duration afterwards, resulting in the trench filling back in. The audit inquiries had no longer elicited ample responses as both the establishment and the Ministry had now not authorized the accountability for the project, youngsters orders for the availability for the elements had been made. for his or her half, the Ministry had stated that they had sub warranted cash for the buy of porta cabins. Letebele indicated that it is for this reason confusing that a challenge which is essential to the functioning of an institution equivalent to this one would start and not using a smartly-defined plan. in addition, the accounting and protection of information for the supplies gadgets were no longer of the commonplace prescribed by using the components regulations and processes in that the substances ledger cards, the main accounting statistics for government property, were now not safely maintained for the recording of receipts and issues. This had resulted in giant discrepancies between physical and ledger balances, while in different circumstances the supplies items had not been recorded in any respect. The report says 24 of the 91 new computer systems found in the computer laboratory at Kumakwane ABC campus have been no longer recorded any place, as have been the different computers within the storeroom which couldn’t count number because of the disorderly storage situations. The establishment had entered into a contract settlement with a security business for the supply of safety services at Tshwaragano Brigade, ABC and Horticulture campuses at Kumakwane for a 2-12 months length which resulted in June 2018, WeekendPost learnt. After the contract expired in June 2018, an extension turned into granted until the thirtieth September 2018. given that then, there has been no security service coverage for the establishment to-date. in keeping with Auditor familiar, in the face of prevailing crimes, it is of paramount magnitude that executive houses be protected via provision of security services perpetually. At Tlokweng Brigade, it was stated that the kitchen group of workers were working under complicated conditions as the kitchen facilities and gadget, such as the bloodless room, tilting pot, food warmers and solar vigour for decent water were dysfunctional. The kitchen roof become leaking and men’s restrooms turned into not working. All these need to be dropped at an inexpensive and practical state of restore. The kitchen personnel should use a goal-designed Rations Ledger for the recording of receipts and issues of foodstuffs to replicate the utilization of these gadgets. as far back as 2014 the department of structures and Engineering capabilities had found that the condo occupied by means of the bursar turned into uninhabitable because of structural defects, the record mentioned. A web site talk over with all through the audit had centered that the residence changed into indeed unfit for occupation as there were cracks on the partitions, energy switches were not working and the roof turned into leaking. On a sadder word, there have been a few complete items of garb, such as dresses, shirts, and jackets from students’ purposeful workouts from the fashion Design Textiles Workshop. Auditor widespread shared her take on this, asserting: “I haven’t been able to ascertain the coverage on the disposal of items from these practicals. A trace of 103 green acid-proof overalls which had been bought in August 2018 had indicated that there changed into no checklist of those gadgets having been recorded or issued, nor had been they attainable in stock. i was now not in a position to achieve any cause of this situation.” Kgatleng brigade become additionally audited and inspected with the aid of Auditor regularly occurring who accompanied that the brigade has 26 institutional properties at Bokaa, each ancient campus and new campus. Some of those residences are very historical and dilapidated, with two declared uninhabitable. The situation of the homes is a transparent indication of lack of care and protection of those properties. on the time of the audit, there changed into no contractor engaged for the availability of security preserve capabilities on the new campus, after expiry of the previous one in July 2019.  it is hoped that steps would be taken to take care of the security of the premises and govt houses towards any acts of hooliganism. In August 2019, there turned into a ruin-in at the electrical and at the plumbing upkeep workshops and a few high cost items, comparable to drilling machines, bolt cutters, spanners and cables, were stolen. The wreck-in and theft were pronounced to the police. “despite the fact, at the time of scripting this file i used to be no longer aware about the influence of the police investigation, nor of any loss document submitted when it comes to the elements rules and strategies,” Letebele stated. business background – Petronet LNG business heritage – Petronet LNG 2004

– Asian building financial institution (ADB) acquires 5.2% fairness stake in Petronet LNG

-Petronet inks debt syndication agreements with banks and monetary institutions

-Petronet LNG gets 1year let for in-chartering LNG tanker

-Comes out with an preliminary Public offering (IPO) of 260.90 million equity shares in the Rs 13-15 price band, receives application for 278 million equity shares, concern oversubscribed by way of 4.2 instances

– Petronet LNG Ltd enters into Memorandum of Collaboration with IBP enterprise Ltd on August 25, 2004 for development of LNG distribution business via cryogenic expertise below the theory of The digital Pipeline.

-Petronet CEO gets France`s civilian honour

2005

-Petronet be part of hands with IBP for LNG supply to Gujarat

-Petronet’s Dahej receives new gas consignment

2006

-Petronet LNG & Adani neighborhood signals JV contract for constructing solid Cargo Port at Dahej

-Petronet LNG Ltd has counseled that Dr. U D Choubey, Director (marketing) of GAIL (India) Ltd, has been appointed as nominee Director of GAIL on the Board of the company w.e.f. November 27, 2006 in region of Shri. B S Negi, who has superannuated from the features of GAIL w.e.f. October 31, 2006.

2008

-Petronet LNG Ltd has recommended that Mr. S V Narasimhan has been appointed as Nominee Director of Indian Oil organisation (IOCL) on the Board of the company in vicinity of Mr. B M Bansal w.e.f. April sixteen, 2008.

-Petronet LNG Ltd has recommended that Mr. S V Narasimhan has been appointed as Nominee Director of Indian Oil supplier (IOCL) on the Board of the business in area of Mr. B M Bansal w.e.f. April 16, 2008.

-Petronet LNG Ltd has advised that Mr. Seethapathy Chander has been appointed as Nominee Director of Asian construction bank (ADB) w.e.f. July 16, 2008 on the Board of the business in vicinity of Mr. Arun Duggal who has resigned from the office of Director.

-Petronet LNG Ltd has appointed Shri. R S Pandey, Secretary (P&NG), Ministry of Petroleum & natural gasoline, as Director and Chairman of the business.

2009

-ExxonMobil and Petronet sign Gorgon LNG give contract

-Petronet ties up 1.5-mn-tonnes/year LNG import from Australia

2010

– Petronet LNG Ltd indications agreemnts with GAIL, IOCL, BPCL

– PLL gets approval to raise skill

2011

– Petronet LNG bought approval the enlargement of Dahej Terminal from 10 MMTPA to fifteen MMTPA.

– Petronet received acclaim for expanding Kochi LNG Terminal skill as much as 5mmtpa

2012

– Petronet LNG indications time period sheet with Gangavaram Port to improve terminal in Andra

– Petronet LNG Ltd bought energy And environment Excellence Award-2012 to CEO & MD

– Petronet LNG Ltd acquired energy And Fgi HR Award-2012 to CEO & MD

2013
-PetronetLNG – Petronet brings first LNG Cargo at Kochi LNG Terminal
-Board recommends Dividend of Rs 25% to the Shareholders.

2014
-Board recommends Dividend of Rs. 20% to the Shareholders.
-eINDIA 2014 award to assignment SANKALP the ERP improve undertaking of Petronet LNG Ltd
-Petronet LNG restricted receives global CSR Awards.
-Petronet LNG Ltd has been awarded the 1st runner up award – The Heavyweights for company World India’s fastest growing to be groups Awards 2014.

2015
-Petronet LNG Ltd has began offering gassing-up and funky-down features to LNG ships to generate profits from distinct streams to tied over losses
-Petronet LNG Ltd has obtained the eco-friendly sign from the Union Ministry of atmosphere and Forests to its proposed liquefied natural gasoline terminal at Gangavaram Port in Andhra Pradesh

2016
-Petronet LNG commissions 2 LNG storage tanks

2017
– INDIA receives LoI FROM SRILANKAN GOVT. TO SET-UP LNG TERMINAL IN SRI LANKA
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