Indian Petrochemicals Corporation Limited (IPCL), the second largest integrated manufacturer of petrochemicals in the country whose polymer products account for about 70%of its turnover may hold a key position in the cracking market.
IPCL's product portfolio includes a range of commodity plastics, synthetic rubbers, fibre intermediates and chemicals. IPCL also has naphtha crackers at three locations and is planning to expand further on world class levels. It already has a 1,30,000 tpa naphtha cracker plant at Vadodara in Gujarat, a 4,00,000 tpa gas cracker plant at Nagothane in Maharashtra and a 300,000 tpa gas cracker at Gandhar in Gujarat. The company's Nagothane plant has enjoyed high profitability on account of low domestic gas prices. IPCL has laid the Hazira-Dahej gas pipeline helping it achieve high capacity utilisation in Gandhar gas cracker, which uptil installation of the pipeline was plagued with problems of capacity utilisation due to inadequate gas supply. Now with its acquisition by RIL, a large integrated petrochemical company has been created that possesses a mix of competitive gas and naphtha-based assets.
With IPCL's acquisition by RIL, a large integrated petrochemical company has been created which possesses a mix of competitive gas and naphtha-based assets. The acquisition has provided benefits of scale; integration; operational synergies; logistical advantages; higher global competitiveness; cost reduction and efficiencies; productivity gains; and greater flexibility in feedstock procurement to both, RIL and IPCL.
21-Jun-05 
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