INTRODUCTION
India is one of the world’s leading producers of commodity chemicals, which are essential to a variety of industries, including pharmaceuticals, food processing, and chemical manufacturing.
As of 2023, India is home to many major commodities chemical companies, such as Reliance Industries, Gujarat State Fertilizers and Chemicals, Indian Oil Corporation and United Phosphorus Ltd.
These companies produce a wide range of products, including fertilizers, industrial chemicals, surfactants and intermediates, agrochemicals, inorganic chemicals, and petrochemicals.
Reliance Industries is one of the largest players in India’s commodities chemical industry. It produces a range of commodities, including caustic soda, chlorine, methanol, and ethylene dichloride. The company has a strong presence in the Indian market and is looking to expand into new markets.
Gujarat State Fertilizers and Chemicals is another major player in the markets for commodities chemicals. They have been in business since 1962 and are headquartered in Vadodara, Gujarat. Their product range includes urea, superphosphate, muriate of potash, di-ammonium phosphate, and sulfuric acid.
Indian Oil Corporation is the country’s largest oil refiner, but they also have a significant presence in the commodities chemical segment. They manufacture a range of products, from diesel fuel to polymers and plastics and metal salts.
United Phosphorus Ltd. is a leading producer of agricultural chemicals focusing on crop protection products. Their range of products includes insecticides, herbicides, fungicides, and other agrochemicals.
Overall, the commodity chemicals industry in India is booming. With technological advancements, rising demand, and competitive pricing, it is becoming more competitive and profitable.
Companies like Reliance, Gujarat State Fertilizers and Chemicals, Indian Oil Corporation, and United Phosphorus Ltd. are helping the industry grow by providing quality products and services.
IMPORTANCE
Commodity chemicals companies in India have become increasingly important in 2023 due to the massive growth of the country’s economy. With its rapidly expanding population, India has seen a steady rise in industrialization, especially in the chemical sector.
The demand for commodity chemicals such as chlorine, caustic soda, hydrochloric acid and ethylene glycol is rising steadily. This is creating a huge opportunity for commodity chemicals companies in India.
The Indian government has also been actively supporting the growth of these companies by providing tax incentives, subsidies, and other support measures. This has made it easier for these companies to expand their operations and increase production capacity.
In addition, there are numerous regulations imposed by the government to ensure quality standards are met. As a result, these companies have become increasingly competitive and successful in meeting the needs of the market.
In addition, India’s geographical location gives it access to some of the world’s best suppliers. This allows the companies to access reliable and high-quality raw materials at competitive prices. These raw materials are then processed into various forms of chemical products which can be used in industries such as pharmaceuticals, food processing, water treatment, paints and coatings, and many others.
Overall, companies in India that produce commodity chemicals are playing an increasingly important role in 2023 and are likely to continue doing so in the years ahead. They provide inexpensive, reliable sources of necessary goods and services that help power the country’s economic growth.
Here are the top 10 best commodity chemicals companies in India in 2023
Reliance Industries Limited – Reliance Industries Limited (RIL) is an Indian conglomerate headquartered in Mumbai, Maharashtra. It was founded by Dhirubhai Ambani in 1966 and is the largest private-sector enterprise in India.
RIL operates in sectors such as energy, petrochemicals, textiles, retail, natural resources and more. Its core businesses include the refining of petroleum products, which accounts for around 60% of its revenues; petrochemical production, comprising polymers, fibres and intermediates; and the exploration and production of oil and gas.
The company also produces and sells apparel, food and grocery items. RIL has a presence in over 100 countries and employs over 170,000 people worldwide.
RIL operates across several key industries, including exploration and production, refining, petrochemicals, retail, and telecommunications. In exploration and production, RIL is India’s largest producer of natural gas, with plans to expand further into other forms of energy, such as solar and wind power.
Its flagship business, Reliance Retail, is India’s largest retailer and has established a strong presence in markets such as groceries, electronics, home appliances, apparel, and jewellery. In addition, RIL is one of India’s largest telecom operators, offering 4G and broadband services.
RIL also has a presence in the international market, with operations in the United States, Europe, and Africa. The company has recently expanded its presence in the digital space, launching Jio Platforms, an integrated portfolio of digital assets and platforms.
Through Jio Platforms, RIL aims to enable the next generation of technology-driven solutions and services. To achieve this, RIL has partnered with some of the world’s leading technology companies.
In terms of financial performance, RIL reported a consolidated net profit of ₹14,046 crore for FY2020-21. This marked a significant jump from the previous year’s figure of ₹8,515 crore. Over the past five years, the company has recorded a compound annual growth rate of 27%. RIL has also been recognized as one of the most valuable brands in Asia, with a brand value of USD 19.3 billion in 2021.
RIL is committed to creating value for all its stakeholders and has adopted a long-term sustainable approach to business. It focuses on developing innovative solutions to address global challenges like climate change, digital education, and healthcare.
In line with this, RIL has taken initiatives to promote environmental sustainability, reduce water consumption and advance renewable energy sources. The company also runs programs to promote digital literacy and health awareness among its employees and local communities.
Indian Oil Corporation Limited – Indian Oil Corporation Limited (IOCL) is one of the largest public sector companies in India and is engaged in the business of refining and marketing petroleum products. It is India’s largest commercial enterprise, with a turnover of Rs 5.01 trillion in 2019-20.
The company has over 33,000 employees and an extensive network of over 40,000 distributors and 38,000 retail outlets. IOCL is also India’s leading oil and gas exploration and production (E&P) company, with operations across India and abroad.
IOCL traces its roots to 1959 when it was established as Indian Oil Company Ltd. Since then, it has grown to become India’s largest integrated energy player with interests across the entire value chain from upstream E&P activities to downstream refining, marketing & distribution.
IOCL also owns and operates 10 refineries across India, which contribute to more than half of the total refining capacity in the country. It also has interests in petrochemicals, research and development, and services like pipelines, marketing terminals, shipping and much more.
The company’s core mission is to provide high-quality petroleum products and services at competitive prices while actively pursuing energy conservation, environmental protection and safety initiatives. IOCL has been consistently ranked amongst the top 100 most valuable brands globally and is the only Indian oil and gas company to be included in the list.
In addition to this, IOCL also ranks amongst the top 200 global energy companies as per the Platts Top 250 Global Energy Rankings.
Bharat Petroleum Corporation Limited – Bharat Petroleum Corporation Limited (BPCL) is a leading Indian Government owned oil and gas company headquartered in Mumbai. The company is the second largest public sector company in India, after Indian Oil Corporation.
BPCL has been in the business of exploration, refining, marketing and distribution of petroleum products for more than 75 years. It is one of the few integrated oil companies in the world with a presence across the entire value chain from upstream to downstream activities.
BPCL operates a vast network of refineries, terminals and retail outlets across India. Its refinery locations include Mumbai Refinery, Kochi Refinery and Bina Refinery. BPCL also owns and operates over 40,000 retail outlets spread across all states in India.
The company is known for its high-quality products like petrol, diesel, kerosene, LPG and aviation fuel. It also manufactures petrochemicals like polypropylene and polyethene, which are used in various industrial applications.
BPCL provides a wide range of services to its customers, including lubricants, marine fuels, auto fuels, bitumen, aviation fuel, LPG, speciality chemicals and more. In addition, the company offers a variety of value-added services such as tank cleaning services, pipeline construction and maintenance services, tank farm operations and other speciality services.
BPCL has also established itself as a leader in renewable energy, with various projects in wind energy and solar energy.
The company is committed to sustainability and environmental protection and has adopted various measures to reduce its carbon footprint. BPCL has developed state-of-the-art technology for environmental monitoring and waste management.
It has also invested in research and development for cleaner fuels and energy sources. BPCL has been committed to delivering quality products and services to customers while taking into account safety, security and environmental concerns.
Hindustan Petroleum Corporation Limited – Hindustan Petroleum Corporation Limited (HPCL) is a Government of India enterprise and a Fortune 500 company. It is one of the largest oil and gas companies in India, with a turnover of around Rs.1.47 trillion.
HPCL is engaged in the exploration, production, refining, storage, transportation and marketing of petroleum products. HPCL also has strategic investments in joint venture companies that own and operate refineries, petrochemical plants, terminals, depots and retail outlets.
HPCL’s refining capacity stands at 8.3 MMTPA, making it one of the largest refiners in India. HPCL is the second-largest oil marketing company in India and has the largest network of fuel stations across the country, selling products such as petrol, diesel, LPG, ATF, aviation turbine fuel and bitumen.
HPCL also operates several R&D centres to develop cutting-edge technology in areas such as biofuels, additives, lubricants and process catalysts. HPCL is committed to creating a world-class energy infrastructure, promoting sustainable development, meeting energy security objectives and providing a reliable energy supply.
Gujarat State Fertilizers and Chemicals Limited – Gujarat State Fertilizers and Chemicals Limited (GSFC) is a public sector undertaking established in 1962 by the Government of Gujarat. It is headquartered in Vadodara and has two major production units located at Dahej and Urea Complex, Vadodara.
GSFC is one of the leading fertilizer companies in India, and it manufactures a wide range of fertilizers, industrial chemicals, chemical intermediates, and other products. The company produces urea, di-ammonium phosphate (DAP), single super phosphate (SSP), ammonium sulphate, sulphuric acid, sodium meta bi sulphite, caustic soda and hydrochloric acid.
Additionally, GSFC also provides research and development services to the industries. It has a presence in more than 20 countries, and its products are exported to over 80 countries. GSFC is committed to providing quality products and services to its customers and to ensure sustainable development.
The company has been awarded numerous awards for its work in innovation, quality, environmental management, and community welfare activities.
Mangalore Refinery and Petrochemicals Limited – Mangalore Refinery and Petrochemicals Limited (MRPL) is a premier oil refining company located in Mangalore, India. It is a subsidiary of the Oil and Natural Gas Corporation (ONGC) and is the largest refinery in India.
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The company was incorporated as a joint venture between ONGC, Hindustan Petroleum Corporation Ltd (HPCL) and A V Birla Group in 1988. MRPL has a total refining capacity of 15 million metric tonnes per year and serves both domestic and international markets.
MRPL specializes in producing high-grade petroleum products like petrol, diesel, kerosene, aviation turbine fuel, lubricants, naphtha, liquified petroleum gas, bitumen and superior-grade waxes.
The products are processed using sophisticated technologies and advanced refining processes such as delayed coking, fluid catalytic cracking, hydrocracking, hydrotreating and isomerisation. The refinery produces more than 150 products and over 4,000 derivatives.
MRPL also offers other services, including tank storage for crude oil, petroleum products and chemicals, bunkering and marine services, ship-breaking and demolition services and the construction and operation of petrochemical plants.
The company has stringent environmental guidelines and has taken steps to reduce pollution, conserve energy and resources, recycle materials and protect flora and fauna.
The company also provides training programmes and research & development activities that help to develop new technologies and processes. MRPL has implemented several quality management systems and certifications, such as ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007.
With its strategic vision and commitment to corporate social responsibility, MRPL is committed to providing quality products and services that meet customer expectations.
GAIL India Limited – Gail India Limited is a state-owned natural gas processing and distribution company headquartered in New Delhi, India. It is the largest state-owned natural gas processing and distribution company in India, and it is one of the eight Maharatnas of the Indian industry.
Gail has diversified activities in the areas of natural gas, liquid hydrocarbon, liquefied petroleum gas transmission, petrochemical, city gas distribution, exploration & production, GAILTEL and electricity generation. The company’s primary focus is on providing energy security to the country through its natural gas business operations.
Gail India was incorporated in 1984 as a private limited company and was renamed Gail (India) Ltd in 2007. It is the only Indian company to be listed on the S&P Global Platts Top 250 Global Energy Company Rankings.
The company is engaged in the exploration, development, extraction, processing, production, transportation and marketing of natural gas, LPG, naphtha, and related products. Gail operates in over 140 districts in India and covers 28 states and 2 union territories.
Gail India also owns and operates the world’s second-largest natural gas pipeline network with a capacity of 31,000 km of pipelines, 9,000 km of which are underground. Its network spans seven states and one union territory in India. Gail also has a strong presence in the international market with several projects in countries like the USA, UK, Qatar, Oman, Bangladesh and UAE.
Apart from natural gas and energy-related activities, Gail India also provides services like city gas distribution, LPG bottling, petrochemicals and GAILTEL. It also produces fertilizers and provides industrial training for students.
Gail India has been consistently ranked among the top five natural gas companies in India and has won numerous awards, including the Golden Peacock Award, the National Energy Conservation Award, and the 5th Corporate Social Responsibility Award.
National Aluminium Company Limited – National Aluminium Company Limited (NALCO) is India’s leading integrated aluminium producer and one of the world’s largest producers of alumina. NALCO was established in 1981 as a public sector enterprise with a mandate to produce and market aluminium and related products.
The company’s main operations are based in Odisha, Jharkhand, Chhattisgarh, and Andhra Pradesh. NALCO has a total installed capacity of 1.1 million tonnes per year of aluminium, an aluminium refinery, and two alumina refineries. NALCO is also the only Indian company to have established a large-scale alumina refinery outside India.
It produces high-quality aluminium ingots, billet and sheets, and other downstream products. NALCO is recognized as one of the most efficient aluminium producers in the world and is an industry leader in terms of environmental standards and safety.
The company is committed to sustainability and has been actively engaged in projects that seek to improve the quality of life in the communities where it operates. It has received numerous awards for its commitment to corporate social responsibility, environmental protection, and energy efficiency.
NALCO is looking to expand its operations and develop new projects to increase production capacity and meet the growing demands of the global aluminium market.
Chemplast Sanmar Limited – Chemplast Sanmar Limited is a leading chemicals company in India with over six decades of operational history. Founded in 1956, the company has grown to become one of the top manufacturers and suppliers of a wide range of petrochemicals and speciality chemicals.
Its core businesses include chloralkali products (caustic soda, hydrochloric acid, chlorine, and liquid chlorine), polyvinyl chloride resins (PVC), plasticizers, and derivatives. It also produces and exports engineering plastics, fibre reinforcements, and glycols. The company has an impressive list of clients from around the world, including some of the largest multinational firms.
Chemplast Sanmar Limited is headquartered in Chennai, with additional locations in Kancheepuram, Delhi, Goa, Bengaluru, Coimbatore, Hyderabad, and other cities. It employs more than 3,500 people and operates numerous factories. The company is an ISO 9001-certified manufacturer and follows rigorous quality control standards at all levels of its operations.
The company focuses on innovating and developing new technologies that improve the quality of its products. It invests heavily in research and development to stay ahead of the competition.
Additionally, Chemplast Sanmar aims to create value for its shareholders by expanding into new markets. It regularly engages in strategic partnerships to enhance its capabilities and grow its business.
Chemplast Sanmar Limited is committed to environmental sustainability and works closely with government agencies to ensure compliance with environmental regulations.
The company regularly invests in the latest technologies to reduce emissions and mitigate environmental risks. It also promotes the use of renewable energy sources and recyclable materials. Additionally, it actively participates in community initiatives to support local communities.
Overall, Chemplast Sanmar Limited is a leading chemicals company in India with a long history of success. It is focused on product innovation, sustainability, and creating value for its customers and shareholders.
NOCIL Limited – NOCIL Limited is a flagship company of the NOCIL Group and India’s largest producer of rubber chemicals. Established in 1958, the company has been providing high-quality rubber chemicals to its customers for over sixty years.
The company has three manufacturing facilities located in Maharashtra and Gujarat, India. It manufactures rubber chemicals for various industries such as automotive, pharmaceuticals, consumer products, electrical and electronics, and industrial goods.
The company also supplies speciality chemicals for the rubber industry, including accelerators, anti-degradants, pre-dispersed masterbatch, antioxidants, sulphur donors, curing agents and other related products. NOCIL is a leader in the rubber chemical industry and has a strong presence in both domestic and international markets.
The company has earned a reputation for its commitment to quality, innovation, technology and customer service.
The company strives to provide excellent quality and reliable service to its customers. NOCIL has developed a wide range of rubber chemicals which are tailored to meet specific performance requirements. Its research and development team work on continuous improvement of rubber chemicals to match world market standards.
NOCIL is committed to sustainability and responsible business practices. It has implemented several projects and initiatives to reduce its environmental impact. The company also encourages its employees to participate in various CSR activities and programs.
NOCIL aims to deliver innovative solutions to the global rubber industry and to become a preferred supplier of high-quality rubber chemicals. The company is continuously investing in research and development and updating its processes in order to maintain its leadership position in the rubber industry.
CONCLUSION
The year 2023 is expected to be a positive one for India’s commodity chemicals companies. With the government’s initiatives to promote and encourage domestic production, the industry is set to see an increase in production and consumption both domestically and internationally.
The availability of cheap and abundant raw materials, improved access to technology and better policies are expected to provide a conducive environment for the growth of this sector.
Additionally, with the increasing demand for consumer goods, there is likely to be a rise in demand for chemical products.
In conclusion, India’s commodity chemical industry is poised for robust growth during the year 2023.
