Indian Petro-chemicals Corporation (IPCL) has increased its sales volume target by 6 per cent to 10.45 lakh tonnes for the year 1998-99. The corporation has set the target for polymer production at 7.28 lakh tonne. The targets for saleable fibre and fibre intermediates are at 1.2 lakh tonne whereas the saleable chemicals target has been set at 1.97 lakh tonne. A memorandum of understanding was signed by K G Ramanathan, chairman and managing director, IPCL, with the Centre yesterday. The MoU has also drawn up detailed activities for the completion of the second phase at Dahej in Gujarat and the projects envisaged at Nagothane complex in Maharashtra. "These sales and production targets were set keeping in view the existing stringent market conditions prevailing in the petrochemical industry in the country and planned maintenance shutdown of certain plants'', according to IPCL press release.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app