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AZB Mumbai promotes Hufriz Wadia and Suharsh Sinha as partners

AZB & Partners has promoted banking counsel Hufriz Wadia and insolvency consultant Suharsh Sinha as partners in its Mumbai office.

Wadia had joined AZB around a year ago as a counsel from Kochhar & Co in Chennai.

The 2002 KC Law College graduate had worked in Dubai as a banking lawyer at law firm Al Tamimi & Co for five years, before returning to India, joining Juris Corp in Chennai. In January 2014, she had joined Kochhar in Chennai.

Sinha has been with AZB as a consultant since September 2016, having joined from the Reserve Bank of India and the Bankruptcy Law Reform Committee (BLRC), for both of which he’d been working as a consultant for a year.

The NLSIU Bangalore graduate, who also holds a masters in in law and finance from Oxford University (2014-15), an Wharton Business and Law LLM from the University of Pennsylvania (2011-12), and has completed an Indian School of bridge programme in business (2008).

Between 2008 and 2009, he had worked at McKinsey & Co as a business analyst, followed by more than five years at Linklaters in London until 2014.

Their promotions took effect on 1 October 2018.

In April, AZB’s Delhi partnership promoted five to partner, while in March 2018, AZB Mumbai promoted a total of four.

BPCL selects AspenTech Software for Operational Excellence award

Client Profile: Bharat Petroleum Corporation Limited (BPCL), a Fortune 500 energy company is headquartered in Mumbai. It is a public sector undertaking and last year, the Government of India conferred BPCL with Maharatna status. The company operates through two segments: Downstream petroleum (refining and marketing of petroleum products), and Exploration and Production of Hydrocarbons (E&P). The company’s refineries are located at: Mumbai (Maharashtra), Kochi (Kerala), Numaligarh (Assam), and Bina (Madhya Pradesh). Its marketing infrastructure includes network of installations, depots, retail outlets, aviation service stations, and LPG distributors.

The Challenges: The oil and gas sector faces an increasingly complex environment, companies need to be innovative in adopting new business models and partnerships. Leading players, such as BPCL, need to have a resilient strategy to protect against price dips and adopt digital transformation in an astute manner to improve operational performance.

Considering all these factors, BPCL began scouting for a one-stop solution provider that could help drive business sustainability and increase profitability by maximizing asset performance across BPCL Group Refineries. Earlier on, BPCL had also deployed AspenTech solutions in pursuit of energy management and asset optimization at their Mumbai refinery. Following a successful deployment, BPCL proceeded to standardize on AspenTech software solutions.

AspenTech’s Solutions For BPCL: The solutions include Aspen HYSYS Petroleum Refining; Aspen Exchanger Design & Rating; Aspen Economic Evaluation; Aspen Energy Analyzer; Aspen DMC3; Aspen InfoPlus.21; aspenONE Process Explorer; Aspen PIMS-AO; Aspen Supply Chain Planner; Aspen Tank and Operations Manager; and Aspen Operations Reconciliation and Accounting.

With aspenONE software, organizations can run to the limits of performance and achieve optimal financial return over the entire asset lifecycle without compromising safety, reliability or regulatory compliance. In partnering with AspenTech, BPCL can capitalize on digital transformation to reduce costs, maximize growth and achieve sustainable operations via operational excellence. With this deployment, BPCL is well positioned to support energy needs and emissions standards in India.

What BPCL Stands To Gain: Centralized control and a single point of contact and accountability will help the company to achieve operational excellence and gain competitive advantage. AspenTech’s integrated solutions across design and operations will help BPCL maximize profitability, increase return on capital, and improve complex manufacturing and operating scenarios.