Member access

4-Traders Homepage  >  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

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.



distributed by
React to this article
Latest news
Date Title
11:28a PINETREE CAPITAL : Provides Update on Convertible Debentures
11:28a EBLINK : to Exhibit at Mobile World Congress 2015, stand 5B73, in Barcelona, ES, Mar 2 - 5, 2015
11:27a BOEING : US halted Israeli arms transfer to Nigeria
11:27a PINETREE CAPITAL : Provides Update on Convertible Debentures
11:26a Rock-Tenn, MeadWestvaco to merge, create packaging giant
11:25a RESEARCH AND MARKETS : Global Alzheimer's Disease Epidemiology and Patient Flow Analysis 2015-2020
11:25a RESEARCH AND MARKETS : Global Allergic Rhinitis Epidemiology and Patient Flow Analysis 2015
11:25a INDIA CEMENTS : All's not well in Team India: Kohli retweets dna report exposing Dhoni
11:24a BANK ZACHODNI WBK : Polish assets rise on QE, but zloty fails to regain ground on CHF
11:24a PETROKEMIJA DD : Croatia's Petrokemija to launch third round of €65mn recapitalisation
Latest news
Hot News 
RiT Technologies and Wipro Sign Cooperation Agreement
MEADWESTVACO : MWV Reports Strong Fourth Quarter and Full-Year Sales and Earnings Growth
PORVAIR : Beats Full Year Expectations, Books USD5.5 Million New Orders
RockTenn Reports Record First Quarter Fiscal 2015 Sales and Earnings
Most Read News
01/25 MALAYSIA AIRPORTS BERHAD : A fruitful outing in Davos
01/25 AECOM : Public invited to weigh in on St. Pete's waterfront plan this week
01/25 H & R BLOCK : Affordable Care Act adds to filing complexity
01/25 Corporate giants confident in Malaysia
01/25DJBLACKSTONE : to Sell Sydney Property for $327 Million
Most recommended articles
11:23a Japanese retailer Uniqlo plans Canadian entry in fall 2016
11:19a FTSE lags continental peers amid commodity selloff
11:13a U.S. markets stick to regular hours with pending storm
11:13a Wall Street flat after leftists win Greek elections
11:05a UK Post Office creates Money brand to bolster growth aims
Dynamic quotes