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IBP was established in the year 1909 in Rangoon. But in 1942, they had to shift company corporate Head Office to India because of the incinerated policy adopted by Britain during its war with Japan. They have shared 50 years of progress and industrialization after Independence. And this is the only Petroleum Company, which has been contributing to the core sector for almost 90+ years. Government of India divested its holding in IBP under the Disinvestment plan in February 02. IBP is now part of the prestegious Indian Oil Corporation Group. Indian Oil is India's flagship Oil Company with nine refineries, over 6500 kms of cross country pipelines and 186 bulk storage depots and terminals. IBP's unique and proven excellence in retail marketing is time-tested and this will be further strengthened by the vast infrastructure, product support, technology strength and market leadership of IOC, ushering in a new progress and prosperity. They have fortified they position not only in the core sector of economy relating to petroleum but also Industrial explosives and Cryogenic Engineering. Moreover, they operate in widely diversified areas and have a varied product range through company subsidiaries and joint venture companies.
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