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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Indian Oil Corporation    IOC   INE242A01010

INDIAN OIL CORPORATION

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Indian Oil Corporation Limited : IndianOil launches New High Performance Polypropylene Grades

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02/03/2012 | 07:06pm EST


In a significant step aimed at offering superior products to plastic processors, IndianOil has unveiled high performance Polypropylene grades for the Polymer processors in the injection moulding sector. The new Polypropylene grades - 1110MAS and 2120MC - were launched today by Mr. R.S.Butola, Chairman, IndianOil, in the presence of Mr. Sudhir Bhalla, Director (HR), Mr. A.M.K. Sinha, Director (Planning & Business Development), Mr. VS Okhde, Director (Pipelines), IndianOil, as well as major customers and business partners in the petrochemicals industry at a high profile event in the Capital today.

The new high performance grades have been developed using cutting edge technology at IndianOil's state-of-the-art Product Application & Development Centre (PADC) located at Panipat. The novel 1110MAS grade is designed to provide better attributes such as higher productivity, high stiffness, low warpage and superior gloss. The other new grade, 2120MC, provides superior aesthetics, excellent clarity, energy saving and higher productivity to polymer processors.

India is amongst the fastest growing petrochemicals markets in the world. IndianOil has identified Petrochemicals as a prime driver of future growth. The Corporation has established world scale mega petrochemicals plants - LAB, PX/PTA and Naphtha Cracker at its Refineries - as well as a world class Product Application & Development Centre. The PADC renders technical services in the areas of customer support, market development & new application development.

Today, IndianOil is a major supplier to the key players in the detergent industry, both national and international. Similarly, in PTA business, all major domestic customers are catered to by IndianOil. A robust logistics model has been the key to IndianOil's success story and facilities have been put in place for seamless product dispatches to customers by rail, road and sea. The technology and capacities of the Naphtha Cracker and Polymer units are world-class, with products ranging from commodity to niche grades. These initiatives are designed to catapult IndianOil among the top three petrochemicals players in Southeast Asia in the long term.

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Financials (INR)
Sales 2019 5 500 B
EBIT 2019 247 B
Net income 2019 155 B
Debt 2019 712 B
Yield 2019 5,33%
P/E ratio 2019 8,17
P/E ratio 2020 7,30
EV / Sales 2019 0,35x
EV / Sales 2020 0,35x
Capitalization 1 234 B
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 158  INR
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Sanjiv Singh Chairman
Alok Khanna Executive Director-Information Systems
S. S. V. Ramakumar Director & Director-Research & Development
Parindu K. Bhagat Independent Non-Executive Director
Govind Kottieth Satish Director, Director-Planning & Business Development
Sector and Competitors
1st jan.Capitalization (M$)
INDIAN OIL CORPORATION-4.34%17 329
CONOCOPHILLIPS12.56%79 681
CNOOC LTD14.64%79 204
EOG RESOURCES14.33%55 294
OCCIDENTAL PETROLEUM CORPORATION11.19%50 285
CANADIAN NATURAL RESOURCES LTD13.15%33 518