Government of India incorporated IPCL as a public sector enterprise in 1969. It is a pioneering petrochemicals company in India.
IPCL pioneered the vision of supply driven growth.
The business products of IPCL are:
Polymers
Synthetic fiber
Fiber intermediaries
Solvents
Surfactants
Industrial chemicals
Catalysts
Adsorbents and polyesters
The financial results of IPCL for the year ended 31st March 2006 are:
Turnover of Rs. 9,597 crore (US$ 2,151 million), recording an increase of 2%, compared to the corresponding period of the preceding year.
Operating Profit (PBDIT) of Rs. 1,888 crore (US$ 423 million), recording an increase of 8%.
Net Profit of Rs. 1,005 crore (US$ 225 million), recording an increase of 28%.
The employees of IPCL are considered to be the real wealth of the organization, which follows a planned approach to develop its talent pool. IPCL is looked upon as a benchmark for healthy industrial relations. IPCL also provides various welfare and recreational activities and facilities to its employees.
