Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Ministry of Petroleum and Natural Gas of the Repub : IOC Expected to Commission Styrene Butadiene Rubber Plant at Panipat by August 2013

03/18/2013 | 04:05am US/Eastern
Recommend:
0

The Minister of State for Petroleum & Natural Gas Smt. Panabaaka Lakshmi informed the Lok Sabha in a written reply today that Indian Oil Corporation Limited (IOCL) is setting up a Styene Butadiene Rubber (SBR) manufacturing plant at Panipat through its Joint Venture Company by the name of Indian Synthetic Rubber Limited. The equity investment made by IOCL as on 11.03.2013 is Rs 175.78 crore.

She also informed that the estimated annual production of SBR will be 1, 20,000 tonnes. The job opportunities expected to be created are 250 employees approximately (including permanent and contractual employees). "It is estimated to be commissioned in August, 2013", the Minister added.

****<

RCJ/RKS

distributed by
Recommend :
0
React to this article
Latest news
Date Title
1m ago FRESH DEL MONTE PRODUCE INC : Other Events, Financial Statements and Exhibits (form 8-K)
1m ago Fitch Rates Wisconsin's $314MM GO Bonds 'AA', Outlook Stable
2m ago RSP NUTRITION : Nominated for Breakout Brand of the Year in the 2014 Bodybuilding.com Awards!
3m ago GORMAN RUPP : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
3m ago Trulia, Inc. Acquisition by Zillow, Inc. May not be in the Best Interests of TRLA Shareholders
3m ago K12 : Indiana's Teacher of the Year Accepts New Challenge as Head of Statewide Charter School
3m ago Marathon Oil Corporation Announces 11% Increase in Quarterly Dividend
4m agoDJAlibaba in Talks to Invest in Messaging App Snapchat--Sources
4m ago SYNTA PHARMACEUTICALS : Announces Ganetespib Into Phase 3 Extension Of AML LI-1 Study; Ignyta Announces Phase I/II Clinical Trial Of RXDX-101
5m ago NEMEX RESOURCES : Quarterly Activities and Cashflow Report
Latest news
Advertisement
Hot News 
VIROPHARMA : Updated Rule 2.10 Announcement
CLEAN AIR POWER : EPW Subcommittee Hearing Highlights Effects of Climate Change on American Communities
GFI : CME Group and GFI Group Announce Plan for Strategic Transactions
ACTA : Governor Corbett Discusses New Transportation Plan's Role in Maintaining Transit Service for Employees in Pittsburgh Region
GUERBET : 2014 first-half results
Most Read News
2h ago Twitter's surge revives valuation debate
1d ago AMAZON : says lower ebook prices benefit authors, publishers
1d ago MOODY : Investment Services affirms Aa2 credit rating for Quebec
1d ago GENERAL MOTORS : GM sued over deaths, injuries linked to ignition switch
1d ago BUFFALO WILD WINGS : 2Q profit climbs 44 percent
Most recommended articles
3m agoDJAlibaba in Talks to Invest in Messaging App Snapchat--Sources
5m agoDJU.S. Stocks Gain After Fed Statement
12m agoDJAmazon To Invest $2 Billion In India
19m agoDJWorld Weighs Fallout of Argentine Bond Case on Other Indebted Nations
30m ago Bank of America ordered to pay $1.27 bln for Countrywide fraud
Dynamic quotes  
ON
| OFF