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12 Top Petrochemical Companies in India (2023)

Wondering about the top petrochemical companies in India? If yes, then this post is ONLY for you.

With the increase in the number of vehicles on roads, the demand for petrol, diesel, and fuel gas has maximized. And with this, the need for the petrochemical industry to grow has also increased.

Apart from providing with us our everyday needs, they also play a vital role in a country’s economic development.

Here, we have a list of the top 12 petrochemical companies in India.

As we all know, petrol and diesel are products of processing crude oil. The petrochemical companies in India are Indian Companies that are authorized to do this for us.

And among them, we have some best companies that have performed their tasks quite well by fulfilling the energy demands of the nation.

List of Petrochemical Industry in India

S.NoCompany NameYear of Estd.
1Indian Oil Corporation Ltd.1959
2Reliance Petrochemicals1973
3Kothari Petrochemicals Ltd.1990
5Haldia Petrochemicals1985
6Cetex Petrochemicals1961
7DCW Ltd.1925
8Manali Petrochemicals1986
9I G Petrochemicals Limited (IGPL)1992
10Agarwal Industrial Corporation1995
11Southern Petrochemical Industry Limited1974
12Supreme Petrochemicals Limited1995

12 Top Petrochemical Companies in India

Here’s the list of top Petrochemical companies in India.

1. Indian Oil Corporation Ltd. (IOCL)

Indian Oil - Petrochemical Companies in India | BizApprise

IOCL is an Indian public sector company established in the year 1959. With its headquarters in New Delhi, it operates in more than 20 states. It’s ranked first among the Fortune 500 companies in India. With a reported turnover of about 20 Cr. in the year 2017, it is the largest downstream oil company in India with an employee strength ranging from 25,000 to 35,000.

Their main concentration is in pipe transportation of petroleum, distribution of crude oil, and marketing of petroleum products. It has subsidiaries in Sri Lanka, Mauritius, and the middle east. It recorded a profit of 21,834 Cr in the year 2018 and grabbed the position of being the most valued state-owned company for another year consecutively.

  • Market Cap: 91,835 Cr.
  • Book Value: 110
  • Dividend Yield: 7.69%
  • ROCE: 4.95%
  • ROE: 8.74%

The company operates 7 business divisions that include refineries and cryogenic units. It accounts for half of the country’s petroleum market share. The total capacity is somewhere around 81 tons and it operates more than 13 refineries out of the 23 in the nation.

According to the Bombay stock exchange reports, 57% of the stock was owned by the government, and the rest by other entities. The group has also brought an aluminum manufacturing unit recently. The control of stock is now with the OIDB which is working towards providing the nation with enough supplies of fuel and energy.

2. Reliance Petrochemicals

Reliance Petrochemicals - Petrochemical Companies in India | BizApprise

Reliance Petrochemicals is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra. It operates in several domains including the petrochemical and fuel units. In terms of market capitalization, it is the largest publicly traded company in the country and the second-largest in terms of revenue after Indian Oil Corporation. It is also ranked 8th among the top 260 global energy companies.

The total market share of the company is about 310 Cr. with the family holding 45% of the shares and the rest divided among the other shareholders. It received domestic credit ratings from CRISIL. The company has a total of 30,000 employees.

  • Market Cap: 1,368,955 Cr.
  • Book Value: 968
  • Dividend Yield: 0.31%
  • ROCE: 10.7%
  • ROE: 10.3 %

The company has many units working under it including a refinery and a marketing unit for fuel gases.  It has seen many insolvencies but has managed to remain one of the top best fuel and gas companies globally.

3. Kothari Petrochemicals Limited

Kothari Petrochemicals Limited - Petrochemical Companies in India | BizApprise

Kothari Petrochemicals Limited is a part of the renowned HC Kothari group. Apart from being the largest producer of premium quality polybutenes, they also stand among the top petrochemical companies in India and related products. It also grabbed a place in the Fortune 500 companies of India along with RIL and IOCL.

Since its year of establishment, the group has stayed among the top companies witnessing good profit returns. It also has units in Chennai, Manali, and Mumbai.

  • Market Cap: 212 Cr.
  • Book Value: 378
  • ROCE: 4.78%
  • ROE: 3.24%

The state-of-the-art plant has modernized working with automated equipment. It works using the Cosden technology. Their products also are produced with the motive to cause less damage to the environment. The lubricants are rated top amongst the others and are eco-friendly and user-friendly. It also is India’s premier brand with over 1,200 professionals running the business.


GAIL - Petrochemical Companies in India | BizApprise

GAIL Petrochemicals is a public-sector natural gas and fuel manufacturing company headquartered in New Delhi, India. It is a state-owned entity working under the government of India. It has 8 business divisions under which falls the LPG and petrochemicals division.

Initially, it was incorporated under the Ministry of Petroleum and fuel gas and now is the principal transmission and marketing company of fuel gas and petroleum in India. The largest gas pipeline cross-country project was hosted successfully by GAIL. Its trunk pipelines cover around 10,600 kilometers and stand in the position of prominence as the most organic pipelining transport company in the country.

  • Market Cap: 65,577 Cr.
  • Book Value: 113 Cr.
  • Dividend Yield: 4.40%
  • ROCE: 20.0%
  • ROE: 19.4%

The company also supplies gas for power plants helping in the production of 10M tons of Urea. They also have their units spread around for the production of fuels, natural gas, and fertilizers. Also is on the increasing line with pipelines being set around by the Government of India. They have more than 5 pipeline chains. They are actively indulged in Gas marketing, LNG, petroleum production, and cryogenics.

5. Haldia Petrochemicals Limited

Haldia Petrochemicals Limited - Petrochemical Companies in India | BizApprise

Haldia Petrochemicals Limited is the symbol of an industrial resurgence in the western part of India. Located 125 Km from Kolkata, it is one of the vast petrochemical units in the country. It started production in the year 2,000 and has supplied energy to power plants since then.

It was the first integrated petrochemical unit in Haldia. The total capacity ranges around 7,000 tons with highly safe and environment-friendly surrounding. They have renowned contractors and associates across the globe. They have promising quality and quantity analysis systems to promote a proper and transparent working process.

  • Market Cap: 3.96 Cr.
  • ROCE: -0.43 %
  • ROE: -239 %

The plants of the company have fully equipped armaments and possess control rooms for reliable operations. India’s first portable water pipe was developed by the company. It manufactures and distributes polymers and chemicals around the company and has gained a reputation for its cutting-edge quality products.

6. Cetex Petrochemicals Limited

Cetex Petrochemicals Limited - Petrochemical Companies in India | BizApprise

Established in the year 1990, Cetex Petrochemicals Limited is an ISO-certified organization with the reputation of being the only manufacturer of methyl ethyl ketone and secondary butyl alcohol in Southeast Asia. It also manufactures pharma intermediates and Aroma chemicals.

Their vision is to become the most celebrated Indian special chemicals company. It also is a leading manufacturer of fine chemicals. They believe in sustainable development by proper setting of their plants with high safety and an eco-friendly workplace.

  • Market Cap: 378.38 Cr.
  • Book Value: 76.6 Cr.
  • Dividend Yield: 4.96 %
  • ROCE: 28.1 %
  • ROE: 25.8 %

They are known for their ability to attract and retain a lot of employees with their innovative methods. The total revenue is around 930 Cr and a profit of 70% of the same. Its authorized share capital is 75 rupees INR and also stands among the top 300 best petrochemical companies in the world.

Read Also: Top 10 Agricultural Companies in India

7. DCW Ltd.

DCW Ltd - Petrochemical Companies in India | BizApprise

With a high consumer satisfaction rate and a large number of investors as well as associates, DCW Ltd. is the largest multi-product company in the country. It’s known for its presence in the industry for a very long time. It has two manufacturing units in Gujarat. The company’s vision is to grow into a large chemical company with proper concern for the workers and the environment.

It has around 3,000 employees with highly skilled professionals managing the units. The company has PVC, finery chemicals, and cryogenic units under it. The total turnover is above 1000 Cr. The return on assets under loans and advances is about 72 Cr.

  • Market Cap: 638 Cr.
  • Book Value: 25.6 Cr.
  • ROCE: 5.28 %
  • ROE: -3.97 %

They are well known for their transparent working procedure and their highly technical working staff uplifting the company’s name in the market.

8. Manali Petrochemicals Limited

Manali Petrochemicals Limited - Petrochemical Companies in India | BizApprise

Manali Petrochemicals Limited is one of the best petrochemical companies in India. It is a chemical company manufacturing innovative products since the year 1986. It has a variety of industries under it including chemicals, bedding, food, etc.

Consumer satisfaction and innovation are the two pillars holding the research unit of the company in place. They have a group of people assuring safety in the workplace. They have around 10 and more investors and shareholders. Their current share is 473 INR. It has around 6,000 employees across the nation. The total sales turnover is around 677 Cr. with a profit of 456 Cr.

  • Market Cap: 827 Cr.
  • Book Value: 26.8 Cr.
  • Dividend Yield: 1.56%
  • ROCE: 12.7%
  • ROE: 9.83%

The state-of-the-art technology they use results in high good quality products to meet the requirements specifically.

9. IG Petrochemicals Limited

IG Petrochemicals Limited - Petrochemical Companies in India | BizApprise

IG Petrochemicals Limited is well-established and known for the production of PAN and its excellent infrastructure with well-equipped machinery. It was established with minimal funds but grew vast in 10 years.

The company also manufactures maleic anhydride with the wash water generated. The total production accounts for 8,800 MT of PAN and 12,200 MT of MAN. It generates around 146 MUSD in sales. It has 400 total employees in its unit.

  • Market Cap: 1,331 Cr.
  • Book Value: 212 Cr.
  • Dividend Yield: 0.46%
  • ROCE: 5.73%
  • ROE: 3.16%

Their sales turnover is around 1,100 Cr. with a profit of 600 Cr. annually. The company has improved its standard to meet international demands and also is among the 500 best companies. It promises a consumer and an eco-friendly workplace.

10. Agarwal Industrial Corporation

Agarwal Industrial Corporation - Petrochemical Companies in India | BizApprise

Agarwal Industrial Corporation is India’s largest private-sector Bitumen company. It is well known for its bitumen production and LPG transportation. The company has also expanded its business to chemical manufacturing and processing.

Their plants are equipped with ultrasound sensors and well-automated lab machinery. It’s an ISO-certified group and also is among the top 200 companies for LPG transportation.

  • Market Cap: 164 Cr.
  • Book Value: 158 Cr.
  • Dividend Yield: 0.94%
  • ROCE: 17.5%
  • ROE: 17.6%

The company produces pavement-grade bitumen and transports LPG with a wide network of chains spread around the country. It is a closed workplace with around 45 employees operating all its branches with an annual turnover of 109.6M USD in sales. It also has witnessed an increase in profit by 30% every year. The company assures its concern about the safety of the environment.

11. Southern Petrochemical Industry Limited

Southern Petrochemical Industry Limited - Petrochemical Companies in India | BizApprise

It is India’s leading aluminum fluoride and gypsum producer. SPIC is also the leading chemical fertilizer manufacturer situated in Tuticorin, Tamilnadu. It is a joint venture company.

The total volume ranges around 62 MT. The company also produces bio-fertilizers, chemical urea, etc, along with petrochemicals. Their total revenue is around 90M USD with a profit of 56M USD.

  • Market Cap: 501 Cr.
  • Book Value: 23.0 Cr.
  • ROCE: 12.9%
  • ROE: 16.7%

The company has a recorded capacity of 8800MTA of AlF and fertilizers.

12. Supreme Petrochemicals Limited

Supreme Petrochemicals Limited - Petrochemical Companies in India | BizApprise

SPL has a state-of-the-art technology governing the production of polystyrene and methyl ethyl compounds. It has two units in Maharashtra and Tamil Nadu. Their production volume is approximately 9800MT with a sales turnover of 310 Cr.

They use Korean technologies in the plants for proper analysis of products. It’s another unit of the renowned supreme industries with about 400 employees. The total sales turnover of the company is 2700 Cr.

  • Market Cap: 3,598 Cr.
  • Book Value: 73.0 Cr.
  • Dividend Yield: 0.65%
  • ROCE: 18.4%
  • ROE: 15.5%

They have also extended their master patch business across the country with an annual profit rate increasing by 4% every year.

Final Thoughts on Petrochemical Companies in India

The above data on Petrochemical companies in India is collected from different websites. Though the order of companies is given based on their performance in the industry, their position may keep on changing based on different criteria.

Aditya Goyal
Aditya Goyal

Author, Researcher, and SEO Expert with over 6 years of experience in Writing Content on Money Making Ideas, Startup Resources, and Business Growth. With a background in Marketing and Operations, I love to help individuals/businesses to create their own success stories.

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