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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Indian Oil Corporation Limited    IOC   INE242A01010

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Indian Oil : Conference on use & recycle of plastics in packaging on Jan 21

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01/20/2017 | 09:36am CET

Experts in the field of packaging would deliberate on the use and recycle of Plastics, which accounts for 55 per cent share in the packaging Industry, at a one-day conference organized by Indian Institute of Packaging (IIP) here on January 21.

The conference is being organised on the occasion of a five-day International Plastics Exhibition `10th Plastivision India 2017` being held by All India Plastics Manufacturers Association (AIPMA) from January 19 to 23.

The conference would also include a panel discussion on `Plastics - a boon or curse,` says an IIP release here.

"The main objective of the conference is to highlight the significance of Plastics and its application in Packaging because in packaging consumption about 55 per cent packaging material are made from plastics. The conference would cover the innovation taking place in the area of polymer raw materials, additives, processing machines and also end user perspective of plastic-based packaging structures," says Dr N C Saha, Director, IIP.

IIP is an autonomous body in the field of packaging under the administrative control of the Union Ministry of Commerce and Industry.

The conference on `Plastics in Packaging` would be addressed by R R Rashmi, Special Secretary of Environment Ministry who would dwell upon the importance of Plastics in Packaging. A A Jha, Executive Director of Indian Oil figures among the experts who would also deliver a talk on the use of Plastics for packaging consumption.

"Plastics is the most preferred material by consumers, converters and user industry because of many advantages like easy availability, light weight, recyclable, transparent and heat sealability. The only issue is the post-consumer management which is called packaging waste management and the conference would deliberate on how to develop such system," said Dr Saha.

Many NGOs have highlighted that plastics are blocking the drains and rivers thereby polluting the waters. But the key issue here is not plastic but its collection, segregation and recycling in the post-consumer management, said Dr Saha.

The conference is aimed to attract delegates from raw

material suppliers, plastic processors in the extrusion and molding sector, additives and master batches segment and all the packaging users industries.

The one-day meet would cover various aspects of plastic packaging such as `Plastics Recycling`, `Eco-friendly Plastic Packaging Concepts,` and `Life Cycle Analysis of Plastic Packaging Materials,` the IIP release said.

IIP is primarily engaged in training and education and R and D activities besides promoting the Indian export market by way of innovative package design and development. It also conducts various activities like testing and evaluation of packaging materials and packages, consultancy services and research & development related to packaging.

(c) 2017 2016 The Sun Publishing Limited. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2017 3 725 144 M
EBIT 2017 229 784 M
Net income 2017 161 471 M
Debt 2017 541 037 M
Yield 2017 2,83%
P/E ratio 2017 11,10
P/E ratio 2018 10,57
EV / Sales 2017 0,60x
EV / Sales 2018 0,52x
Capitalization 1 710 978 M
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Average target price 351  INR
Spread / Average Target -0,49%
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Balasubramanian Ashok Chairman
Arun Kumar Sharma Director & Finance Director
Rajiv Khanna Executive Director-Research & Development
Alok Khanna Executive Director-Information Systems
Sanjiv Singh Director & Refineries Director
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