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IOC offers price protection on PE and PP grades

May 28/2012
(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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