Overview of the IPCL (Indian Petrochemical Corporation Limited)

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Overview of the IPCL (Indian Petrochemical Corporation Limited)

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Abstract

IPCL, Indian Petrochemicals Corporation Limited, is a pioneering petrochemicals company in India and was incorporated on 22 March 1969. It is a leading integrated manufacturer of polymers, synthetic fibers & fiber intermediates & chemical products from hydrocarbon feed stock. They also manufacture catalysts & adsorbents. IPCL was established in March 1969 as a government of India undertaking, with the objective of promoting the development of the petrochemicals industry in India, develops Indian market & distributes its products. The company owns & operates three petrochemical complexes, a naphtha-based complex at Vadodara, & a gas based complex each at Nagothane near Mumbai & Dahej on Narmada estuary in the bay of Khambhat. The construction of IPCL's first petrochemicals complex began at Vadodara in 1970. Commercial production commenced in 1973. IPCL's second petrochemicals complex was commissioned in 1992 at Nagothane & the third complex at Gandhar was commissioned in 1996. In August 1992, the company's shares were listed on all major stock exchanges in India. In June, 2002 Reliance Group acquired 46% equity stake in IPCL, pursuant to the disinvestments of IPCL's equity by the Govt. of India. In the first year under the Reliance, IPCL record 18% growth in output. The company's three production unit, one Naphtha based cracker at Vadodara, & two gas based cracker, one each at Gandhar & Nagothane have recorded 14%, 29%, & 9% growth in production respectively. The company produces over 1.6 million tones of merchant products & generates a turnover close to Rs.100 billion.

Introduction
Industry profile
1. Background study
2. A study of Indian petrochemical industry
3. Vision and mission
4. Quality, environment and health & safety policies
The institution building process
Socio-economic aspects
SWOT analysis
Product flow diagram
Marketing development
Other business and organizational aspects
Graphs
Findings
Appendix
Bibliography
Conclusion

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[...] There are total 5 regional offices of IPCL they are located in Ahmedabad, Bombay, Chennai, Delhi and Kolkata Major SALES CENTERS: The major sales centers of IPCL are Vadodara, Daman, Jaipur, Bangalore, Hydrabad, Kanpur, & Ludhiana DISPATCH PROCESS Dispatch Process comprises of the activities undertaken at the warehouse for the delivery of the product. That includes all the activities from TOL to INV. So in a way, dispatch process includes all the activities considered for computing the cycle time. So we can say that the Dispatch Process is the part of Logistics which is very essential in the out bound logistics management. [...]

[...] Environmental concerns on plastics been incorporated as an appraisal parameter PRODUCT FLOW DIAGRAM OF VADODARA COMPLEX Fig INDIAN PETROCHEMICALS CORPORATION LIMITED (VADODARA COMPLEX) 1.14 PRODUCT LINE OF IPCL BARODA COMPLEX Commodity Chemicals: Acetonitrile Ammonium Sulphate Benzene Butyl Acrylates Benzene Carbon Black Feed Stock Ethylene Caustic Soda Ethyl Acrylate Methyl Acrylate Orthoxylene Propylene Solvents: Cixon Hepton Solvent CIX Polymers (Commodity Plastic): Indothene Koylene Indothene CC Koylene CP Indothene HD Koylene ADL Indothene LL Koylene ADL-CP Indothene LDPE Koylene PVC Indovin Koylene RCP Rubber: Cisamer 01 Cisamer 1220 Petrez Fiber & Fiber Intermediates: Acrylonitrile Dimethyl Terpthalate Ethylene Glyco Indacryl Supacryl Catalysts & absorbants: Catal Catsiv Speciality Catalist Surfactants: Ethylene Oxide Linear Alkyl Benzene 1.15 PRODUCT PORTFOLIO (Capacities in MTA) Products Vadodara Nagothana Gandhar Complex Complex Complex feedstock LL/Indothene HD benzene 1.16 APPLICATION OF PRODUCTS Solid Products Main uses of polymers: Product Uses LDPE/LLDPE Consumer packaging/film, extrusion wires, cable coatings, heavy-duty bags, garbage bags, milk & shopping bags. [...]

[...] IPCL is having good amount of exports in the foreign countries. IPCL's products are well in the demand of the foreign market. Earlier IPCL had its business associates for the foreign trade but after acquired by the RIL it handles all the export directly without any intermediates. STEPS: Purchase order: the IPCL receives order through sending quotations to the vendor country, which is in the requirements. Acceptance of contract/ order Letter of credit Block order release ARE - application of removal of excise duty. [...]

[...] The following are benefits of ISO 9001- Within IPCL: Improves operational efficiency by defining processes for management of activities like product planning, provision of resources, product realization etc. Reduces confusion and emergencies as activities are documented and updated. Reduces cost and wastage. It improves work culture and makes work a pleasure. Chapter 4 Finance department Finance is the life blood of any business undertaking. Effective financial management is the outcome of proper management of investment of funds in business. Funds can be invested for permanent or long term purpose such as acquisition of fixed assets, diversification and expansion of business, renovation or modernization of plant and machinery and research and development. [...]

[...] Service rate of warehouse labor: Service rate of outbound logistic system at IPCL Baroda Complex is lesser than the arrival rate of the truck. In system there is queue. Because of that truck has to wait idle. Which is the major factor affecting cycle time. Attitude of contractor Since the contract is given on tender basis, the contractor takes us for granted that the company has no other option as his enterprise had quoted the lowest tender. With this attitude he takes liberty and does not fulfill his commitment. [...]

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