Indian Petrochemicals Corporation was established in the year 1969, for the manufacturing as well for distribution of synthetic organic chemicals, plastic fibres as well as fibre intermediates from the petroleum feedstock. In the year 1986, when the company was converted to a public limited company it became the nation’s first petrochemical complex in the public sector. The 37th annual reports say the gross profit of 2,170.14 Crores INR.
The company comprises basically of three petrochemical complexes viz; naphtha based complex at vadodara as well as a gas based complex at Nagothane and Dahej near Khambhat. Also operating a catalyst manufacturing plant in Vadodara, the recent official annual reports depicts the recent huge turnover of its assets going as high as $2 billion USD mark. As a part of the disinvestment program from the Government of India in the year 2002, 26% of its equity shares were divested in the favour of Reliance Petro Investments Limited (RPIL). Also more 20% shares were acquired by RPIL as per SEBI (Takeover regulation) and hence currently own 46% of the company’s equity shares. The IPCL Board of Directors comprises of ten dignified personnel led by Shri Mukesh Ambani as Chairman, five independent as well as five non-independent directors.
In the year 2005, the company entered in the polyester sector by the amalgamation of certain polyester companies like Appolo Fibres Limited, Central India Polyesters Limited and many others. Keeping these brilliant records in mind, if you have anything to say about the performances of the shares of Indian Petrochemical Corporation Ltd in the stock market you are most welcome to do so. All your tips, market analysis & suggestions regarding the buying and selling of Indian Petrochemicals stocks in the trading market are most welcome in this platform which discusses various companies and their individual & investors’ growth story. As per our experts both short term and long term investments in the company are effective value for money as the company is restructuring its operations for better productivity.
