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

Apax Partners acquire 23.2% stake in Zensar Technologies

Marina Holdco (FPI), a company backed by Funds advised by Apax Partners (Apax Funds and together Apax) have acquired 23.2% stake in Zensar Technologies. The stake was acquired from Electra Partners Mauritius,......

SpiceJet to induct six new aircraft within 30 days

Budget passenger carrier SpiceJet has embarked upon a major fleet and flight expansion programme for the upcoming winter season. The company will induct six new aircraft within 30 days.Currently, the airline......

Lords Ishwar Hotels receives Liquor licence to sell foreign liquor at its premises

Lords Ishwar Hotels has received the Liquor Licence from Superintendent of Prohibition & Excise Department, Vadodara to sell foreign liquor at its premises to the permit holders under the provisions......

Top News

View all news

DLF, Tata Motors, FCEL and Future Retail to see some action today

K P Singh and his family, promoters of India's largest real estate company, DLF, will sell their 40 percent stake in the company's rental arm, DLF Cyber City Developers (DCCDL), to institutional investors.......

L&T, Bharti Airtel and Kotak Bank to see some action today

Indian engineering major, Larsen & Toubro (L&T), in partnership with Korea's Samsung Techwin (STW), has bagged Rs 4,875-crore ($750 million) order for supplying the Indian Army with 100......

NTPC, Coal India, Biocon and NBCC to see some action today

State-run NTPC will consider selling electricity to Bangladesh from its upcoming 750 MW plant at Kokrajhar in Assam once the neighbouring country finalizes plans to buy power from Palatana project in Tripura.......