PADC inaugurated at IOC
New Delhi   11-Jan-2011

B.M. Bansal, Chairman, IndianOil, recently inaugurated the ground breaking ceremony of the Indian Synthetic Rubber Ltd. and the 'Product Application Development Centre' (PADC) at the Panipat Complex. B.N. Bankapur, Director (Refineries), was among the dignitaries present on the occasion. Bansal in his speech said Indian Synthetic Rubber Limited would be the first state-of-the-art Styrene Butadiene Rubber (SBR) plant in India, envisaged to be implemented in Joint Venture with TSRC Corporation, Taiwan and Marubeni Corporation, Japan. The equity participation in the JV is IndianOil - 50%, Trimurti Holding Corporation (for TSRC) - 30% & Marubeni -20%.