Indian Oil Corporation (IOC) launched a high productivity polymer -- Propel HDPE 080M60 -- for injection moulding applications. The company has implemented petrochemicals projects worth Rs 20,500 crore up to 2013-14. Further, plans are on the anvil for various petrochemicals projects worth around Rs 34,000 crore to be launched by 2021-22.
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.