Data is not available for this company.
Data is not available for this company
Indian Petrochemicals Corporation (IPCL), the pioneering petrochemical company in India, was incorporated on March 29, 1969.
IPCL owns and operates petrochemical manufacturing facilities at three locations in India (Vadodara, Nagothane and Dahej). The company manufactures over one million tonnes per annum (TPA) of products for merchant sales.
In May 2002, Reliance Industries (RIL) won the bid to acquire management control of IPCL from the government. With the acquisition of 20% stake
In May 2002, Reliance Industries (RIL) won the bid to acquire management control of IPCL from the government. With the acquisition of 20% stake in the subsequent open offer, RILâ€™s equity stake in IPCL has gone up to 46%.
IPCL is principal JV partner of Gujarat Chemical Port Terminal Company (GCPTCL), incorporated on June 10, 1992. The objective of this JV was to construct and operate a state-of-the-art liquid chemical handling port at Dahej.
At present, the port has the capacity to store nearly 300,000 cubic metres of products. An indigenously developed catalyst for the production of butene-1, a co-monomer in polyethylene production has been commercially proven in the Nagothane complex. This development has not only replaced the requirement of imported material, but it also has opened up a new business potential for this high technology material.
IPCL has drawn plans to execute the first cycle of Six Sigma Projects in the next financial year as part of strengthening customer satisfaction level for all its products and services.
Business area of the company
The business of the company comprises polymers, synthetic fibre, fibre intermediates, solvents, surfactants, industrial chemicals, catalysts and adsorbents. Polymer is the largest contributor of its sales. The main raw material used for production is naphtha and natural gas.
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