Reliance Industries Ltd said it has shut a secondary unit at its only-for-exports oil refinery at Jamnagar in Gujarat, which may delay shipment of some product cargoes. “The Fluidized Catalytic Cracker Unit (FCCU) in our SEZ refinery at Jamnagar had to be taken for an emergency shutdown on 6th June 2021,” the company said in a regulatory filing.
It further informed that all other units at the Jamnagar Refining complex are operating normally. “Consequently, some product shipments may get delayed and we are working to minimize the impact on our customers. The FCCU unit is being repaired on top priority and is expected to be restarted expeditiously,” the filing stated.
For the uninitiated, Reliance has two refineries that turn crude oil into value-added fuel such as petrol and diesel at Jamnagar – a 35.2 million tonne a year only-for-exports unit and a 33 million tonne plant catering to the domestic market.
Meanwhile, RIL has emerged as the fifth Indian company to have a minimum headcount of two lakh employees, as the company transitions from being a pure commodity player to a services-driven conglomerate. According to its annual report for FY21, the company created over 75,000 new jobs in the pandemic year, taking its total headcount to 2,36,334.
However, despite a massive increase in the number of employees, RIL’s employee expenses rose moderately at 5.3% in FY21, as against a compounded annual growth (CAGR) of 18.8% between FY18-FY20.
On a consolidated basis, RIL had a headcount of 1,95,618 in FY20 and 1,94,056 at the end of March 2019. There was no cut in variable pay in FY 2020-21. According to its annual report, Reliance Retail has carried out aggressive hiring during the year and currently has two lakh-plus employees. “Reliance Retail also aggressively hired frontline employees. Of the total 65,000+ new hires, 53,000+ were freshers.
