Ramjibhai Kamani
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Ramjibhai Kamani
Ramji Hansraj Kamani ( gu, રામજી હંસરાજ કમાણી; 21 February 1888 – 27 June 1965) also called Ramjibhai, was an Indian entrepreneur and industrialist born in the village of Dhari in the Amreli district of Saurashtra, Baroda State. He was the patriarch of the Kamani group companies. In June 1920, Ramjibhai joins Mahatma Gandhi's Non co-operation movement. He later communicates with Gandhi during his stint in jail. Nicol Road, a street in the Ballard Estate business district of Mumbai where the company office, Kamani Chambers is located, was rechristened Ramjibhai Kamani Marg in his honor. Entrepreneurship Ramjibhai Kamani pioneered many firsts for the Indian industrial sector, electric power transmission being one, the others being production of various derivatives of non-ferrous metals and alloys for use in specialized industrial applications viz. arsenical copper plates, cupronickel sheets and production of lead oxide and zinc oxide ...
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Baroda State
Baroda State was a state in present-day Gujarat, ruled by the Gaekwad dynasty of the Maratha Confederacy from its formation in 1721 until its accession to the newly formed Dominion of India in 1949. With the city of Baroda (Vadodara) as its capital, during the British Raj its relations with the British were managed by the Baroda Residency. The revenue of the state in 1901 was Rs. 13,661,000. Baroda formally acceded to the Dominion of India, on 1 May 1949, prior to which an interim government was formed in the state. History Early history Baroda derives its native name ''Vadodara'' from the Sanskrit word ''vatodara'', meaning 'in the heart of the Banyan (''Vata'') tree. It also has another name, ''Virakshetra'' or ''Virawati'' (land of warriors), mentioned alongside ''Vadodara'' by the 17th century Gujarati poet Premanand Bhatt, native to the city. Its name has been mentioned as ''Brodera'' by early English travellers and merchants, from which its later name Baroda was d ...
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Railway Electrification
A railway electrification system supplies electric power to railway trains and trams without an on-board prime mover or local fuel supply. Electric railways use either electric locomotives (hauling passengers or freight in separate cars), electric multiple units (passenger cars with their own motors) or both. Electricity is typically generated in large and relatively efficient generating stations, transmitted to the railway network and distributed to the trains. Some electric railways have their own dedicated generating stations and transmission lines, but most purchase power from an electric utility. The railway usually provides its own distribution lines, switches, and transformers. Power is supplied to moving trains with a (nearly) continuous conductor running along the track that usually takes one of two forms: an overhead line, suspended from poles or towers along the track or from structure or tunnel ceilings, or a third rail mounted at track level and contacted by a ...
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Crude Oil
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other Unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by Continuous distillation#Continuous distillation of crude oil, distillation, into innume ...
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US Dollars
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from Dollar, other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7735 troy ounces) fine silver or, from 1 ...
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1979 Energy Crisis
The 1979 oil crisis, also known as the 1979 Oil Shock or Second Oil Crisis, was an energy crisis caused by a drop in oil production in the wake of the Iranian Revolution. Although the global oil supply only decreased by approximately four percent, the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to . The sudden increase in price was connected with fuel shortages and long lines at gas stations similar to the 1973 oil crisis. In 1980, following the onset of the Iran–Iraq War, oil production in Iran fell drastically. Iraq's oil production also dropped significantly, triggering economic recessions worldwide. Oil prices did not return to pre-crisis levels until the mid-1980s. Oil prices after 1980 began a steady decline over the next 20 years, except for a brief uptick during the Gulf War, which then reached a 60% fall-off in the 1990s. Mexico, Nigeria, and Venezuela's major oil exporters expanded their produc ...
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1973 Oil Crisis
The 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States, though the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974, the price of oil had risen nearly 300%, from US to nearly globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy. It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock". Background Arab-Israeli conflict Ever since the recreation of the State of Israel in 1948 there has been Arab–Israeli conflict in the ...
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Debt
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The debt may be owed by sovereign state or country, local government, company, or an individual. Commercial debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt. In financial accounting, debt is a type of financial transaction, as distinct from equity. The term can also be used metaphorically to cover moral obligations and other interactions not based on a monetary value. For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person. Etymology The English term "debt" was first used in the late 13th century. The term "debt" comes ...
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Jewel Bearing
A jewel bearing is a plain bearing in which a metal spindle turns in a jewel-lined pivot hole. The hole is typically shaped like a torus and is slightly larger than the shaft diameter. The jewels are typically made from the mineral corundum, usually either synthetic sapphire or synthetic ruby. Jewel bearings are used in precision instruments where low friction, long life, and dimensional accuracy are important. Their largest use is in mechanical watches. History Jewel bearings were invented in 1704 for use in watches by Nicolas Fatio de Duillier, Peter Debaufre, and Jacob Debaufre, who received an English patent for the idea. Originally natural jewels were used, such as diamond, sapphire, ruby, and garnet. In 1902, Verneuil process, a process to make synthetic sapphire and ruby (crystalline aluminium oxide, also known as corundum) was invented by Auguste Verneuil, making jewelled bearings much cheaper. Today most jewelled bearings are synthetic ruby or sapphire. Historica ...
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Bhavnagar
Bhavnagar is a city in the Bhavnagar district of the Saurashtra region of Gujarat, a States of India, state of India. It was founded in 1723 by Gohil Koli, Bhavsinhji Takhtasinhji Gohil (1703–1764). It was the capital of Bhavnagar State, which was a princely state before it was merged into the Dominion of India, Indian Union in 1948. It is now the administrative headquarters of the Bhavnagar district. Bhavnagar is situated 190 kilometres away from the state capital Gandhinagar and to the west of the Gulf of Khambhat. It has always been an important city for trade with many large and small scale industries along with the world's largest ship breaking yard, Alang which is located 50 kilometres away. Bhavnagar is also famous for its version of the popular Gujarati snack 'Ganthiya' and 'Jalebi'. History The Gahlot, Gohil Rajputs, Rajput of the Suryavansha, Suryavanshi clan faced severe competition in Marwar. Around 1260 AD, they moved down to the Gujarat's coastal area and es ...
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KEC International
KEC International Limited (Kamani Engineering Corporation) is an India, Indian multinational company and also India's second largest manufacturer of electric power transmission towers and one of the largest Power transmission, Engineering, Procurement and Construction (EPC) companies in the world. It is headquartered in Mumbai, India and is part of the RPG Group, engaged in EPC works for Power Transmission, Distribution, Railways, Cables, Solar, Civil and Smart Infrastructure. It has operations in the regions of India, SAARC, EAP, Africa, Middle East, and the Americas. History Ramjibhai Kamani founded Kamani Engineering Corporation (now KEC International) on 7 May 1945 which became the first electric power transmission company in Asia and a pioneer in the field of electric power transmissionPiramal, Gita; Herdeck, Margaret, ''India's industrialists, Vol. 1,'' Rev. ed. 1986, Three Continents Press, Washington, D.C. and railway electrification. In 1950, the company received a ...
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Rajasthan
Rajasthan (; lit. 'Land of Kings') is a state in northern India. It covers or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern side, where it comprises most of the wide and inhospitable Thar Desert (also known as the Great Indian Desert) and shares a border with the Pakistani provinces of Punjab to the northwest and Sindh to the west, along the Sutlej- Indus River valley. It is bordered by five other Indian states: Punjab to the north; Haryana and Uttar Pradesh to the northeast; Madhya Pradesh to the southeast; and Gujarat to the southwest. Its geographical location is 23.3 to 30.12 North latitude and 69.30 to 78.17 East longitude, with the Tropic of Cancer passing through its southernmost tip. Its major features include the ruins of the Indus Valley civilisation at Kalibangan and Balathal, the Dilwara Temples, a Jain pilgrimage site at Rajasthan's only hill stat ...
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Jaipur
Jaipur (; Hindi Language, Hindi: ''Jayapura''), formerly Jeypore, is the List of state and union territory capitals in India, capital and largest city of the Indian States and union territories of India, state of Rajasthan. , the city had a population of 3.1 million, making it the List of cities in India by population, tenth most populous city in the country. Jaipur is also known as the ''Pink City'', due to the dominant colour scheme of its buildings. It is also known as the Paris of India, and C. V. Raman called it the ''Island of Glory''. It is located from the national capital New Delhi. Jaipur was founded in 1727 by the Kachhwaha Rajput ruler Jai Singh II, the ruler of Amer, India, Amer, after whom the city is named. It was one of the earliest planned cities of modern India, designed by Vidyadhar Bhattacharya. During the British Colonial period, the city served as the capital of Jaipur State. After independence in 1947, Jaipur was made the capital of the newly formed s ...
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