Godrej Process Equipment, a unit of Godrej & Boyce Mfg Co Ltd, sees bigger opportunities in domestic market as investments in oil and gas, refining, petrochemicals and power sectors are driving the demand for heavy industrial materials and equipment.
“Traditionally we have been exporting around 80-85 per cent of the equipment manufactured here,” Allen Antao, Executive Vice-President and Business Head, Godrej Process, told BusinessLine .
“In the next 2-3 years, the share of orders executed for the domestic market could rise to 50 per cent.”
Oil and gas, refining and petrochemicals industries have traditionally been driving the growth for the company, he said, although in the past two years Godrej Process has been focussing on thermal and nuclear power, water sectors, among others.
Largest CCR reactor
Godrej Process has on Tuesday shipped one of the world’s tallest Continuous Catalytic Regeneration (CCR) Reactor used in oil refining industry to Nigeria’s Dangote Oil Refinery.
This is a part of multifold order from Dangote Oil Refinery worth around $73 million that the company has been executing over last two years, Antao said.
CCR is the key process in oil refinery converting low value naptha to high valuable products like petrochemicals and gasoline through various reactions such as dehydrogenation, aromatisation, isomerisation, dealkylation and dehydrocyclisation. A 95- metre-high CCR Reactor which is a tall column like equipment with continuous moving catalyst has been shipped in a single piece from Mumbai. The reactor weighs approximately 703 metric tonnes.
“The manufacturing of this complex reactor, the tallest in the world, and the shipping of it in a single piece is a matter of immense pride for us.
“It is a testimony to our company’s vast technological expertise and also showcases Indian engineering capabilities,” Jamshyd Godrej, Chairman and Managing Director, Godrej & Boyce said.