IOC offers price protection on PE and PP grades |
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(plastemart) --
State owned Indian Oil Corp (IOC) has offered new price protection on HDPE,
LLDPE, PP grades with effect from May 24, 2012 till next price revision or month
end whichever is earlier.
Old price protection in HDPE, LLDPE announced on
May 17, 2012 is valid till the 23rd of May.
Indian Oil Corporation
is an Indian state-owned oil and gas corporation with its headquarters in New
Delhi, India. The company is the world's 98th largest public corporation,
according to the Fortune Global 500 list, and the largest public corporation in
India when ranked by revenue.
IndianOil and its subsidiaries account for
a 47% share in the petroleum products market, 34% share in refining capacity and
67% downstream sector pipelines capacity in India. The IndianOil Group of
Companies owns and operates 10 of India's 21 refineries with a combined refining
capacity of 65.7 million metric tons per year. The President of India owns
78.92% (1.9162 billion shares) in the company. |
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mrcplast.com | |
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