Petrochemicals are useful chemical compounds obtained from the fractional distillation of crude oil and natural gas. Petrochemicals have a wide range applications in present era and found in almost every item ranging from a household carpet to fertilizers.
Petrochemicals are of three types, which are Olefins, Aromatics and Synthesis Gas. All types of petrochemicals find usage in different industrial applications and some of the commonly used petrochemicals are ethylene, benzene, polyester, phenol and toluene.
The Indian Petrochemical Industry plays a vital role in boosting the economy of the country by contributing in GDP. The Indian Petrochemical Industry is growing swiftly at a rate of over 11%, which is expected to increase in upcoming years.
Due to large scale applications, petrochemicals are always in demand and in the future, its demand is expected to increase. There are many small and large scale petrochemical companies in India, which provide essential products. This post describes about the Top 10 Petrochemical Companies in India:
10. NOCIL Limited
10th position on this list is occupied by NOCIL Limited, a petrochemical company incorporated in the year 1961. NOCIL Limited is a leading producer of rubber chemicals in the country and known for producing quality products.
Accelerators, Post Vulcanization Stabilizer and Antioxidants are some of the products of the company. NOCIL Limited is a swiftly growing petrochemical company and in the last financial year, its revenue crossed the mark of Rs 780 Crore.
9. Manali Petrochemicals Limited
Manali Petrochemicals Limited has occupied 9th position in the list of top 10 petrochemical companies in India. Incorporated in the year 1986, Manali Petrochemicals Limited is known for quality products and mainly produces Propylene Oxide and Polyols.
The company has 2 manufacturing units in the country, which has a combined production capacity of 1 Lakh Metric Tonnes per annum of different petrochemicals. Apart from Propylene Oxide and Polyols, the company also produces Dichloropropane and Tripropylene Glycol.
8. DCW Limited
Next on this list DCW Limited, a leading petrochemical company incorporated in the year 1939 and produces various high quality products. Headquartered in Mumbai, DCW Limited owns two state of the art manufacturing plants in Tamil Nadu and Gujarat.
The company manufacture a wide range of products that include Trichloroethylene, PVC, Liquid Chlorine, Soda Ash, Caustic Soda, Utox, etc.
7. Savita Oil Technologies
Savsol, a popular automotive lubricating oil is produced by Savita Oil Technologies, a company incorporated in the year 1961. The company has a diverse product line that includes petroleum jellies, transformer oils, oxidized waxes, liquid paraffins, etc.
Headquartered in Mumbai, Savita Oil Technologies has 3 state of the art manufacturing plants in the country. Apart from petrochemical products, the company is also engaged in renewable energy sector and operate many windmills in different states in the country.
Castrol is a renowned name in the lubricant segment in the country and know for producing high quality lubricants. Castrol produces a wide range of products for cars, trucks, buses, scooters, bikes and off-road.
Castrol is globally acclaimed for its products, which are of premier quality and uses the best of technologies for production. The company has a diverse product line and some of its products are engine oils, greases, transmission fluids, antifreeze and coolants.
5. Haldia Petrochemicals Limited
Haldia Petrochemicals Limited is a big player in this segment and ranked 5th in the list of top 10 petrochemical companies in India. The company was incorporated in the year 1985 and produces various petrochemical products of high quality.
The company makes a wide range of products that include benzene, cyclopentane, motor spirit, polypropylene, pyrolysis gasoline, etc. The company has a processing capacity of more than 3 Lakh Metric Tonnes of polymers per annum and also provide job opportunities to a large number of people.
4. Styrolution ABS (India) Limited
Styrolution ABS (India) Limited is next on this list, which is a leading producer of pastic resin and polymerized plastic resin in India. Styrolution ABS (India) Limited is a part of Styrolution, a German company engaged in the production of styrene, which is used in various industrial applications.
3. Finolex Industries Limited
A known name in pipes and fitting segment in the country, Finolex Industries Limited (FIL) is next on this list, which came into existence in the year 1981. Headquartered in Pune, FIL is a leading producer of PVC Resin, PVC pipes and fittings.
Winner of multiple environment and safety awards, FIL has 3 manufacturing units in the country, which are located in Mahsar, Ratnagiri and Pune. The company produces quality products and supply to different parts of the country through a wide network of 15,000 retail outlets.
2. Supreme Petrochem Ltd
Supreme Petrochem Ltd is a leading producer of polystyrene polymer in the country and stand at 2nd in the list of top 10 petrochemical companies in India. Incorporated in the year 1995, Supreme Petrochem Ltd has a strong hold over polystryrene polymer segment in the country with more than 50% share of this segment.
The company has 2 manufacturing plants in the country with a combined production capacity of over 1 Lakh Tonnes of petrochemical. The company in the last financial year generated revenue of Rs 2,600 Crore and net profit of over Rs 35 Crore.
1. Reliance Industries Limited
Among all petrochemical companies in India, Reliance Industries Limited (RIL) is the indisputable leader, which started its operations in the year 1966. The company produces many petrochemicals, that include Polymers, Elastomers, Fabrics, Polyesters and other chemicals.
RIL is the leading producer of polyester in the world and known worldwide for quality polyester products. The company has a production capacity of over 2 Million Tonnes of polyester per annum. Polyester Staple Fibre and Polyester Filament Yarn are some of the polyester products produced by the company.
RIL also produces a wide range of polymers, which find applications in different sectors like agriculture, automotive, healthcare, housing, etc. Repol, Polyvinyl Chloride (PVC) and Relene are some of the polymers made by the company.
Apart from polyesters and polymers, the company also makes fabrics, apparels and chemicals. Benzene, Linear Alkyl Benzene (LAB) and Caustic Soda are some of the chemicals made by the company.