Breaking News

You are here » Indian-Commodity  :  Corporate  :  IOC to commission SBR manufacturing plant by August 2013


IOC to commission SBR manufacturing plant by August 2013

Indian Oil Corporation (IOC) expects to commission Styene Butadiene Rubber (SBR) manufacturing plant located at Panipat in the state of Haryana by August 2013. The estimated annual production of SBR will be 120,000 tonnes.

IOC is setting up the plant through its joint venture company (JVC) by the name of Indian Synthetic Rubber. As on end of March 11, 2013 the equity investment made by the company stood at Rs 175.78 crore. It is expected that job opportunities for approximately 250 employees would be created including permanent and contractual employees.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Related News

View all news

Sangam India gets nod to increase FIIs limit to 49%

Sangam India has received an approval for enhancement of investment limits of Foreign Institutional Investors (FIIs) from 24% to 49% subject to approval of the members at the ensuing general meeting. The......

Tata Power integrates GIS with other enterprise systems in Mumbai

Tata Power, India's largest integrated power company, has implemented geographical information system (GIS) in Mumbai in past which provides a comprehensive view of the company's network elements with......

Bharti Airtel reports 40% rise in Q1 consolidated net profit

Bharti Airtel has reported results for first quarter ended June 30, 2015.The company has reported 7.65% fall in its net profit at Rs 1995.10 crore for the quarter ended June 30, 2015 as compared to Rs......

Top News

View all news

Maruti, Chambal Fertilisers and Nestle India to see some action

Maruti Suzuki India, country's largest car maker, has reported 19.46% rise in its production to 133311 units in July 2015 as compared to 111596 units in same month last year. Of total, the company manufactured......

RBI keeps the rate unchanged; lowers inflation forecast

Much on the expected lines the Reserve Bank of India (RBI) in its Third Bi-monthly Monetary Policy Review, 2015-16, kept the repo rate, at which it lends to the system, unchanged at 7.25% and the cash......

Bharti Airtel, GlaxoSmithKline Pharma and Wockhardt to see some action

Bharti Airtel has acquired mobile payments solutions company - YTS Solutions - to integrate its payments and remittance businesses with Airtel. The acquired business will be integrated with the operations......