Blog/Top companies
8 January 2026
Top 10 Petrochemical Companies in India
Explore 10 leading petrochemical companies in India. Compare company profiles and product ranges, then contact suppliers directly on Kompass.
AP
Akshay Parmar
Overview: Petrochemical Industry in India
India’s petrochemical industry, valued at about US $220 billion in 2024, is a key part of the nation’s industrial landscape and contributes roughly 6 % to GDP while supporting over 5 million jobs. It produces 25–30 million metric tons annually, supplying polymers, synthetic rubbers and intermediates used in packaging, automotive, construction and agriculture. Demand is growing rapidly, with projections to reach US $300 billion by 2025.
Top 10 Petrochemical Companies in India
1. Reliance Industries Limited
Reliance Industries Limited, India-based and incorporated on May 8, 1973, produces a wide range of petrochemicals including polymers, polyesters and chemical intermediates alongside petroleum and refining products, serving automotive, packaging, textiles and consumer goods industries. It is considered a top player due to its integrated Oil-to-Chemicals (O2C) value chain and status as the largest petrochemical producer in India.
2. Indian Oil Corporation Limited
Indian Oil Corporation Limited, an India-based firm incorporated on 30 June 1959 and renamed IOCL after a 1964 merger, produces a broad range of petrochemicals such as polymers (LLDPE, HDPE, PP), PTA, glycols and butadiene alongside fuels and LPG, serving automotive, packaging, consumer goods and industrial sectors. It ranks among India’s top players due to its integrated energy value chain and vast market presence.
3. GAIL India Limited
GAIL (India) Limited, an India-based public sector firm incorporated in 1984, produces gas-based petrochemicals such as polyethylene and plans polypropylene products alongside natural gas and LPG, serving automotive, packaging, industrial and energy sectors. It is a top player due to its integrated gas and petrochemicals value chain, extensive infrastructure and significant market share in polymers and energy distribution across India.
4. ONGC Petro additions Limited(OPaL)
ONGC Petro additions Limited (OPaL) is an India-based petrochemical company whose mega complex began commercial operations in 2017, producing core petrochemicals including HDPE, LLDPE, PP, benzene and butadiene for automotive, packaging, consumer goods, agriculture and industrial sectors. It is considered a top player due to its state-of-the-art integrated facility, strategic coastal location and strong backing as a subsidiary of ONGC with quality polymers and chemicals.
5. Haldia Petrochemicals Limited
Haldia Petrochemicals Limited is an India-based company incorporated in 1985, engaged in manufacturing core petrochemicals such as polyethylene, polypropylene, butadiene and benzene. Its products cater to packaging, automotive, construction, textiles and consumer goods industries. The company is regarded as a top player due to its large integrated petrochemical complex, consistent product quality and strong domestic market presence.
6. Bharat Petroleum Corporation Limited
Bharat Petroleum Corporation Limited is an India-based company established in 1952, manufacturing key petrochemicals including acrylic acid, butyl acrylate, 2-ethylhexyl acrylate and oxo-alcohols from its Propylene Derivative Petrochemical Complex, serving paints, coatings, adhesives, printing inks and industrial sectors. It is considered a top player due to its pioneering domestic petrochemical units, import-substitution focus and integration with refining and marketing infrastructure.
7. Hindustan Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited is an India-based company incorporated in 1974, engaged in producing value-added petrochemicals such as polypropylene, linear alkyl benzene and lube base oils alongside refining and marketing operations. Its products serve packaging, automotive, detergents, lubricants and industrial sectors. HPCL is considered a top player due to its integrated refining–petrochemical infrastructure, strong downstream presence and sustained focus on operational excellence.
8. HPCL-Mittal Energy Limited
HPCL–Mittal Energy Limited is an India-based company incorporated in 2007, engaged in refining and manufacturing value-added petrochemicals, including polypropylene, alongside petroleum products. Its offerings support packaging, automotive, consumer goods, construction and industrial sectors. The company is considered a top player due to its modern integrated refinery-petrochemical complex, strategic location, advanced technology adoption and strong backing from HPCL and Mittal Energy Investments.
9. Mangalore Refinery & Petrochemicals Limited
Mangalore Refinery and Petrochemicals Limited is an India-based company incorporated in 1988, engaged in refining and manufacturing petrochemicals such as polypropylene along with petroleum products. Its offerings support packaging, automotive, textiles, construction and industrial sectors. MRPL is regarded as a top player due to its coastal integrated refinery, advanced processing capabilities, export-oriented operations and strategic role as a subsidiary of ONGC in India’s energy value chain.
10. Supreme Petrochem Limited
Supreme Petrochem Limited is an India-based company established in 1995, specializing in petrochemicals such as polystyrene, expandable polystyrene and related styrenic products. Its portfolio serves packaging, consumer goods, appliances, construction and automotive industries. The company is considered a top player due to its focused petrochemical expertise, consistent product quality, modern manufacturing facilities and strong customer relationships across domestic and international markets.
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