RIL and Haldia Petrochemicals Announce September 2024 Incentive Schemes for PP, HDPE, and LLDPE Sales

Reliance Industries Limited (RIL) and Haldia Petrochemicals Limited (HPL) have introduced their incentive schemes for domestic polypropylene (PP), high-density polyethylene (HDPE), and low-density polyethylene (LDPE) sales for September 2024. RIL PP Incentive Scheme For PP domestic sales, RIL's incentive structure is based on sales linked to the APP Sales between 7% and 9% of APR: ₹X per metric ton (MT) Sales between 9% and 11% of APR: ₹Y per MT Sales exceeding 11% of APR: ₹Z per MT Additionally, Utility Grade PP and non-APR sales are eligible for a fixed incentive of ₹X per MT. The exact values of ₹X, Y, and Z will be declared at the end of the month. HPL PP Incentive Scheme Haldia Petrochemicals' incentive scheme for PP domestic sales is based on the percentage of September CCS lifted: Lifting 80% of September CCS: ₹X per MT Lifting 100% of September CCS: ₹Y per MT Lifting 125% of September CCS: ₹Z per MT The exact incentives will be announced either by the end of the month or early next month. RIL HDPE & LDPE Incentive Scheme For HDPE and LDPE sales, RIL’s incentives are also linked to APR: Sales between 8.33% and 10% of APR: ₹X per MT Sales exceeding 10% of APR: ₹Y per MT Like in the PP scheme, the values of ₹X and Y will be disclosed by the month’s end. 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.