Leading Manufacturing Companies – Indian Oil Corporation (IOCL)

Indian Oil Corporation has successfully commissioned Octamax Unit at its Mathura refinery by using state-of-the-art refining technologies developed by its own R&D centre. IOCL’s modern technology converts C-4 streams from catalytic cracker and/or Naphtha cracker units to high-octane gasoline (petrol) blending stream which complies with stringent fuel quality norms. The technology once again showcases the technical prowess of IndianOil in meeting the BS-VI fuel quality norms through indigenous efforts.
In another news, the Andhra Pradesh Government permitted IOCL to lay an underground pipeline and Optical Fiber Cable (OFC) duct for transporting petrol, diesel, aviation turbine fuel and kerosene from Paradip refinery in Odisha to its depots at Berhampur, Visakhapatnam, Rajahmundry, Vijayawada and Hyderabad by crossing the Polavaram left main canal, Thota Venkatachalam Pushkara lift irrigation scheme and Surampalem reservoir at various locations.
IOCL is resuming operations at its polyethylene (PE) plants at Panipat in northern India. The plants are likely to be brought on-stream following a maintenance turnaround in mid-August 2017. Located at Panipat in the northern Indian state of Haryana, the PE plant comprising of high density polyethylene  (HDPE) line with a production capacity of 300,000 mt/year and HDPE/linear low density polyethylene (LLDPE) swing line with a production capacity of 175,000 mt/year.
IOCL has reported near doubling of third quarter net profit to Rs 7,883 crore on back of higher refining margins and inventory gains.