Indian Oil Corporation Ltd BSE -1.40 % ( IOC BSE -1.40 %) will commission a styrene butadiene rubber manufacturing plant at Panipat through its joint venture company Indian Synthetic Rubber Ltd by August 2013, Minister of State for Petroleum & Natural Gas Panabaaka Lakshmi told Parliament.
The plant will produce 120,000 tonnes of styrene butadiene rubber annually, oil ministry said in a statement quoting the minister. The plan will create employment opportunities for 250 people including permanent and contractual employees, she said.
