News Release Details
IndianOil gets together stalwarts of Polyester Industry
New Delhi 24-Sep-2007
On September 21-22, 2007, the Petrochemical group of Business Development achieved the feat of getting together the leading entrepreneurs of the Polyester Industry viz Indo Rama Synthetics, JBF Industries, South Asia Petrochem, Ester Industries, UFlex Industries, Futura Polyesters, Nova Petrochem, Garware Polyesters, etc., at the IndianOil's interactive forum organized at the world-heritage city of Khajuraho in Madhya Pradesh. It has been one-year of successful journey for PTA marketing with the support of these valued customers'. The time had come to consolidate these precious business partnerships into a deeper business bonding and the Petrochemicals marketing group made this happen with the first-ever PTA customers' interactive forum of IndianOil. Petrochemicals are a highly competitive business traditionally dominated by a few big suppliers, and consolidation of sales and success has to be a continuous ceaseless effort. The event was a super success. Mr. Rakesh Gothi, Managing Director, JBF Industries, Mumbai said, ``We are very surprised to receive such an invitation from a Public Sector Unit. The interaction has allowed us to express our concerns and facilitated a one-to-one interaction with IndianOil's working group. Our confidence has increased tremendously in your team's ability to deliver.'' Mr Gothi has also acknowledged, `` It was highly fulfilling in terms of business content, cultural depth and had some creative contents in terms of seminar of Mr. Batra, yoga and not to forget the excellent facilities.'' Mr B M Bansal, Director (Planning & Business Development) in his keynote address shared, ``We are aware that we are new entrants in the field of Petrochemicals. Yet, we are confident that with our track record of customer relationship in petroleum sector, the zeal and enthusiasm of IndianOil team and with the support of our cherished customers; that is you, we will be able to surpass your expectations. We are constantly upgrading and improving our services based on your valuable feedback and it would be our constant endeavor to make PTA sourcing a delight for your company. We hope to extend our partnership with other prominent players in the near future while strengthening our ties with our existing customers.'' Mr K Govindarajan, Executive Director (Petrochemicals), Corporate Office shared highlights of IndianOil's future projects and IndianOil's plans to become a Petrochemical major. Mr Pradeep Chhabra, DGM, Petrochemicals, Marketing, whilst extending a warm welcome to customers coming from all corners of the country, said, `` It warms our heart to know that this one-year journey has reached a crescendo with this platform for personal interaction. I am very optimistic that from here our business bonds will only go stronger where we will mutually benefit from each other's association.'' Through the forum, IndianOil's endeavor was to acknowledge the support of the customers and take advantage of their vast business experience and wisdom to look at our business from outside. The customers' candid suggestions and contribution were forthcoming in the open forum, which gave a deep insight into the vistas of Petrochemical business. The guests deeply appreciated that first such interactive forum was created by IndianOil. The Panipat working group of Mr KC Swain, GM (T), Mr Sanjiv Singh, DGM (PX-PTA) and Mr Neeraj Singhal, PNM, was introduced to the customers'. The patronage of premier business houses in the last ten months has facilitated for IndianOil, a sales turnover of over Rs.1000 crores, bagging of more than 3,00,000 MT of PTA, sales of 3,00,000 MT of PTA from Panipat and a PTA-regional sales centres at Nagpur and Silvassa. Mr G P Bhatia, President, Corporate, Indo Ram Synthetics, said, `` Indian Polyester Industry has tremendous potential. We are pleased with the alternate provided to us by IndianOil venturing into petrochemical business. Our endeavor should be to grow together.'' Khajuraho was chosen as an exotic destination for the esteemed group to get a taste of ancient Indian glories of architectural splendor. A specially choreographed cultural programme by local artists was showcased for the guests under the open skies and twinkling stars, peppered with Indian traditional welcome. A special session was arranged with prominent management speaker Mr Vijay Batra on `Good to Great', which was an enlivening experience for the guests. IndianOil's PTA Plant at Panipat was commissioned in last year and the Commercial Sales were commenced on 7th Sept. 06. India is amongst the fastest growing petrochemicals markets in the world. Taking this into consideration and to enhance downstream integration, IndianOil is focussing on increasing its presence in the domestic petrochemicals sector besides the overseas markets through systematic expansion of customer base and innovative supply logistics. Within two years of its entry into manufacturing of LAB (Linear Alkyl Benzene), IndianOil has captured a significant market share in the domestic market, apart from exports to several countries. With the commissioning of PX/PTA (Paraxylene/Purified Terephthalic Acid) plant at Panipat, IndianOil has emerged as a major petrochemicals player in the country.
New Delhi 24-Sep-2007
On September 21-22, 2007, the Petrochemical group of Business Development achieved the feat of getting together the leading entrepreneurs of the Polyester Industry viz Indo Rama Synthetics, JBF Industries, South Asia Petrochem, Ester Industries, UFlex Industries, Futura Polyesters, Nova Petrochem, Garware Polyesters, etc., at the IndianOil's interactive forum organized at the world-heritage city of Khajuraho in Madhya Pradesh. It has been one-year of successful journey for PTA marketing with the support of these valued customers'. The time had come to consolidate these precious business partnerships into a deeper business bonding and the Petrochemicals marketing group made this happen with the first-ever PTA customers' interactive forum of IndianOil. Petrochemicals are a highly competitive business traditionally dominated by a few big suppliers, and consolidation of sales and success has to be a continuous ceaseless effort. The event was a super success. Mr. Rakesh Gothi, Managing Director, JBF Industries, Mumbai said, ``We are very surprised to receive such an invitation from a Public Sector Unit. The interaction has allowed us to express our concerns and facilitated a one-to-one interaction with IndianOil's working group. Our confidence has increased tremendously in your team's ability to deliver.'' Mr Gothi has also acknowledged, `` It was highly fulfilling in terms of business content, cultural depth and had some creative contents in terms of seminar of Mr. Batra, yoga and not to forget the excellent facilities.'' Mr B M Bansal, Director (Planning & Business Development) in his keynote address shared, ``We are aware that we are new entrants in the field of Petrochemicals. Yet, we are confident that with our track record of customer relationship in petroleum sector, the zeal and enthusiasm of IndianOil team and with the support of our cherished customers; that is you, we will be able to surpass your expectations. We are constantly upgrading and improving our services based on your valuable feedback and it would be our constant endeavor to make PTA sourcing a delight for your company. We hope to extend our partnership with other prominent players in the near future while strengthening our ties with our existing customers.'' Mr K Govindarajan, Executive Director (Petrochemicals), Corporate Office shared highlights of IndianOil's future projects and IndianOil's plans to become a Petrochemical major. Mr Pradeep Chhabra, DGM, Petrochemicals, Marketing, whilst extending a warm welcome to customers coming from all corners of the country, said, `` It warms our heart to know that this one-year journey has reached a crescendo with this platform for personal interaction. I am very optimistic that from here our business bonds will only go stronger where we will mutually benefit from each other's association.'' Through the forum, IndianOil's endeavor was to acknowledge the support of the customers and take advantage of their vast business experience and wisdom to look at our business from outside. The customers' candid suggestions and contribution were forthcoming in the open forum, which gave a deep insight into the vistas of Petrochemical business. The guests deeply appreciated that first such interactive forum was created by IndianOil. The Panipat working group of Mr KC Swain, GM (T), Mr Sanjiv Singh, DGM (PX-PTA) and Mr Neeraj Singhal, PNM, was introduced to the customers'. The patronage of premier business houses in the last ten months has facilitated for IndianOil, a sales turnover of over Rs.1000 crores, bagging of more than 3,00,000 MT of PTA, sales of 3,00,000 MT of PTA from Panipat and a PTA-regional sales centres at Nagpur and Silvassa. Mr G P Bhatia, President, Corporate, Indo Ram Synthetics, said, `` Indian Polyester Industry has tremendous potential. We are pleased with the alternate provided to us by IndianOil venturing into petrochemical business. Our endeavor should be to grow together.'' Khajuraho was chosen as an exotic destination for the esteemed group to get a taste of ancient Indian glories of architectural splendor. A specially choreographed cultural programme by local artists was showcased for the guests under the open skies and twinkling stars, peppered with Indian traditional welcome. A special session was arranged with prominent management speaker Mr Vijay Batra on `Good to Great', which was an enlivening experience for the guests. IndianOil's PTA Plant at Panipat was commissioned in last year and the Commercial Sales were commenced on 7th Sept. 06. India is amongst the fastest growing petrochemicals markets in the world. Taking this into consideration and to enhance downstream integration, IndianOil is focussing on increasing its presence in the domestic petrochemicals sector besides the overseas markets through systematic expansion of customer base and innovative supply logistics. Within two years of its entry into manufacturing of LAB (Linear Alkyl Benzene), IndianOil has captured a significant market share in the domestic market, apart from exports to several countries. With the commissioning of PX/PTA (Paraxylene/Purified Terephthalic Acid) plant at Panipat, IndianOil has emerged as a major petrochemicals player in the country.