Question
Download Solution PDFWhich was the first petrochemical company in India?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- Indian Petrochemicals Corporation Limited (IPCL) was established in 1969.
- It was a joint venture between the Government of India and the private sector company, AIC (American International Company).
- The main objective of IPCL was to manufacture petrochemicals and chemicals for the domestic market as well as for exports.
- IPCL was merged with Reliance Industries Limited in 2007, making it the largest petrochemical company in India and one of the largest in the world.
Gas Authority of India Limited (GAIL)
- It is a state-owned natural gas processing and distribution company.
- It was established in 1984 and has since diversified into the petrochemicals, telecom, and power sectors.
Haldia Petrochemicals Limited (HPL)
- It is a joint venture between the Government of West Bengal, The Chatterjee Group, and TATA Group.
- It was established in 1994 and is located in Haldia, West Bengal. HPL produces a wide range of petrochemicals and is one of the largest manufacturers of polypropylene in India.
National Organic Chemical Industry Limited (NOCIL)
- It is a chemical manufacturing company that specializes in rubber chemicals, rubber intermediates, and speciality chemicals.
- It was established in 1961 and is headquartered in Mumbai, Maharashtra.
Last updated on Jun 13, 2025
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