IOC in discussions to buy LAB plant of Tamilnadu Petroproducts: Report

Indian Oil Corporation (IOC) is reportedly in preliminary discussions to buy out the Linear Alkyl Benezene (LAB) plant of South India-based Tamilnadu Petroproducts.

Linear Alkyl Benzene (LAB) is a raw material used in the manufacture of detergents, soaps and cleaning powders. The LAB plant of Tamil Nadu Petro Products, located at Manali, Chennai, has an installed capacity of 1,20,000 mtpa.

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.