Mumbai, Oct 13: Indian Petrochemicals Corporation (IPCL) reported on Monday its quarterly net profit rose 20 per cent from a year earlier, according to a notice on the Bombay Stock Exchange Website. The firm, 46-per cent owned by petrochemicals and refining giant Reliance Industries, said its July-September net profit was Rs 54 crore compared to 45 crore a year earlier.
Total income rose to Rs 1,366 crore from Rs 1,271 crore a year earlier. IPCL operates one naphtha-based and two gas-based petrochemical complexes. Its products include polymers, synthetic fibres, fibre intermediates and industrial chemicals. Bureau Report