CIMdata PLM Industry Summary Online Archive
5 October 2005
Implementation Investments
Reliance Industries Limited Expands Use of AspenTech's Simulation and Optimization Solutions
Aspen Technology, Inc . announced that Reliance Industries Limited (RIL), India's largest private company, has signed a license agreement to significantly expand its use of the Aspen Plus steady-state modeling application. The licenses will be distributed at various sites throughout RIL's network of petrochemical plants and at its petroleum refinery, and the product will form the cornerstone for all of RIL's engineering software applications. The agreement also provides for multi-year renewal of maintenance services for existing licenses of Aspen Plus and Aspen HYSYS®.
The expansion of its Aspen Plus license will help RIL move towards the adoption of a corporate standard simulation platform and to streamline its engineering efforts. It will also provide opportunities to follow the industry trend of leveraging process models in applications beyond off-line engineering, such as in integrated engineering, on-line performance monitoring and on-line optimization.
"We look forward to further developing our longstanding relationship with RIL through the expansion of its Aspen Plus license," said Blair Wheeler, Senior Vice President, Marketing, AspenTech. "Recognizing the importance of standardization for success in today's competitive markets, we are committed to helping RIL achieve its vision of leveraging standardized process models for improved operational and business decision-making."
In addition to its use of Aspen Plus and Aspen HYSYS, RIL currently licenses several other AspenTech applications in its plant operations including Aspen PIMST, Aspen DMCplusT and Aspen InfoPlus.21T.
Reliance Industries Limited (RIL) is India's largest private sector company on all major financial parameters with the turnover of US$ 16.7 billion, cash profit of US$ 2.8 billion, net profit of US$ 1.7 billion and net worth of US$ 9.2 billion. RIL is the first and the only private sector company from India to feature in the 2004 Fortune Global 500 list of 'World's Largest Corporations' and ranks amongst the world's Top 200 companies in terms of profits.
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