Cost of BS VI fuel will go up; new fuel infra to be ready by Sept 2019
New Delhi   30-Mar-2017

Mr. B. Ashok, Chairman of India's largest oil marketing company IndianOil, will retire at the end of May after serving the company for 37 years. He plans to stick around the company for a little while & has not made any immediate holiday plans. Ashok, who took over as IndianOil chairman in July 2014, may also consider an academic role. In an interview with Saurabh Kumar, he talks about the plans he has for his successors. Excerpts:

What are IndianOil's plan for petro-chemicals?

Over the last 10 years, we have been focusing on further value-additions in terms of downstream petrochemicals. We started with a LAB (linear alkyl benzene) unit in Gujarat then we put a naptha cracker unit in Panipat. Today, we do 2.5 MT of petrochemicals & we are the second-largest in the market. We see great opportunities in this market.

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