Indian Oil Corporation (IOC) has raised operating levels at its refineries to about 60 percent after fuel demand showed a gradual pick up on easing of lockdown restrictions. The company plans to scale up refinery operations to 80 percent of design capacity by the end of the month.
The company has also resumed manufacturing of petrochemical intermediates like HDPE (high-density polyethylene) and polypropylene at its Panipat complex. With the demand for these grades likely to increase even further in the coming days, the naphtha cracker, as well as the MEG (mono-ethylene-glycol) plant at Panipat, are back in operation.
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.
Company Name | CMP |
---|---|
Reliance Industries | 2903.50 |
Indian Oil Corp. | 164.00 |
BPCL | 576.00 |
HPCL | 469.00 |
MRPL | 224.40 |
View more.. |