Incentive Schemes Announced by HMEL, IOCL, and RIL for July 2024
HMEL Announces Performance Incentive Scheme for July 2024 HDPE (Prime/Non-Prime/OG Grades) 75% - 100%: Rs. 2500/MT 100% - 125%: Rs. 3000/MT 125% and above: Rs. 3500/MT LLDPE (Prime/Non-Prime/OG Grades): 75% - 100%: Rs. 2000/MT 100% - 125%: Rs. 2500/MT 125% and above: Rs. 3000/MT IOCL Launches Special Incentive Scheme for July 2024 Indian Oil Corporation Limited (IOCL) has announced a special incentive scheme for Prime and Non-Prime HD and LL grades, excluding HD and HM pipe grades, for July 2024: Incentives Based on Monthly PE APP Upliftment (Rs./MT): 75% Upliftment: Rs. 2000/MT 100% Upliftment: Rs. 2500/MT 120% Upliftment: Rs. 3000/MT Notes: The scheme is applicable from all supply points: PPMC, RSC, DOPW. Deemed export sales will be considered for APP eligibility but are not eligible for incentives. RIL Unveils Incentive Schemes for July 2024 PP Incentive Scheme (Based on Annualized APR Qty) (Rs./MT): 7% to <9%: Incentive X 9% to <11%: Incentive Y 11% and above: Incentive Z HDPE and LLDPE for APPQ Customers (Rs./MT): >= 8.33% increase of APP: Rs. 2000/MT >= 10.0% increase of APP: Rs. 3000/MT Notes: The scheme is not applicable to HDPE pipe grade. HDPE pipe grade customers receive a flat discount of Rs. 3000/MT. Utility Off-Grade discount is Rs. 1500/MT. LDPE Incentive Scheme (Rs./MT) 8.33% to 10% increase: Rs. 1500/MT 10% increase: Rs. 2500/MT IOCL Announces Special Incentive Scheme for Pipe Grades in July 2024 Indian Oil Corporation Limited (IOCL) has introduced a special incentive scheme for specific pipe grades (002DP48, 004DP44, 010DP45, 010DP45U) for July 2024: Incentives Based on Monthly PE APP Increase (Rs./MT): 75% or more increase: Rs. 2000/MT 100% or more increase: Rs. 2500/MT 120% or more increase: Rs. 3000/MT Notes This scheme is applicable from all supply points: PPMC, RSC, DOPW. Deemed export sales will be considered for APP criteria but will not receive incentives. For a comprehensive understanding of these price adjustments, it is advisable to refer to the respective price circulars provided by the companies. PolyMart does not provide any assurances or guarantees regarding the reliability, accuracy, completeness, or quality of the information available on its website, app, or through any of its services. Therefore, the company is not responsible for any errors, omissions, losses, or damages that may result from the use of the website or app. It is advisable for users to exercise caution and independently verify any information obtained from these sources before relying on it for any purpose.
