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July 2024 Incentive and Price Adjustment Schemes Announced by RIL, IOCL, and HMEL

July 2024 Incentive and Price Adjustment Schemes Announced by RIL, IOCL, and HMEL

Polymer July 11, 2024

Reliance Industries Limited - July 2024 Incentive Scheme for HDPE and LLDPE Reliance Industries Limited has announced an incentive scheme for High-Density Polyethylene (HDPE) and Linear Low-Density Polyethylene (LLDPE) for APPQ customers for July 2024: For an increase of >= 8.33% of APP: Rs. 2000/MT For an increase of >= 10.0% of APP: Rs. 3000/MT Note  - This scheme is not applicable to HDPE pipe grade. - HDPE pipe grade has a flat discount of Rs. 3000/MT on any quantity (only for APPQ customers). - Utility Off-Grade discount is Rs. 1500/MT.   Reliance Industries Limited (RIL) Incentive Scheme for LDPE - July 2024: Reliance Industries Limited has announced an incentive scheme for Low-Density Polyethylene (LDPE) for July 2024 as follows: Incentive of Rs. 1500/MT for a 8.33% to 10% increase Incentive of Rs. 2500/MT for a 10% increase Indian Oil Corporation Limited (IOCL) Special Incentive Scheme: Indian Oil Corporation Limited has introduced a special incentive scheme for specific pipe grades (002DP48, 004DP44, 010DP45, 010DP45U) for July 2024. The scheme is as follows: 75% or more monthly PE APP increase: Rs. 2 per kg incentive 100% or more monthly PE APP increase: Rs. 2.5 per kg incentive 120% or more monthly PE APP increase: Rs. 3 per kg incentive This scheme applies to all supply points: PPMC, RSC, and DOPW. Sales for deemed exports count towards meeting the APP criteria, but no incentives will be given for deemed or physical export sales. Price Adjustments: RIL, IOCL, and HMEL have rolled over PP, LLDPE, and HDPE prices effective from July 11, 2024. RIL has reduced PVC prices by Rs. 4 per MT effective from July 11, 2024.. 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.