Presentation for Mr Hiroyuki Moriyama 24th April 2014

1st Operational E-SBR Facility in India

50% 20% 30%

A joint venture project of India’s flagship company Indian Oil, TSRC Taiwan & Marubeni Japan. Plant is located at Panipat, opposite IOCL Naphtha Cracker, approx. 125 Km from Delhi

st

From inception to implementation

3rd Apr 2010 JV Agreement Signed 6th July 2010 ISRL Incorporated 7th Jan 2011 Ground Breaking

Sep 2013, Mechanical Completion 21st Nov 2013, First Bale Produced 29th Nov 2013, Project Dedicated to the Nation

About IOCL

India’s largest crude oil refining and distribution company and a major petrochemical producer

HQ – New Delhi Turnover : ₹414,909 Cr, (US $ 76,200 Million approx.) for FY 2012-13

Products Petrol, HSD, Kerosene, ATF, LPG, Auto Gas, Lubes, Fuels, Bitumen, Petrochemicals

ISRL project is part of Indian Oil’s strategy to invest in downstream products

IOCL’s Naphtha Cracker has commissioned its

Butadiene facility.

Butadiene and Utilities are supplied by IOCL

from Panipat refinery to ISRL under a long term

supply agreement.

World's 88th largest corporations, as per Fortune Global 500 list & largest corporation in India by revenue.

Largest oil refining company in India with 49% share in the petroleum products market, 31% share in refining capacity.

Owns and operates 10 of India's 22 refineries with a combined refining capacity of 65.7 Million MTPA.

The President of India owns 78.92% (1.9 Billion shares) IOCL is vigorously pursuing strategic initiatives across the

hydrocarbon value chain for upstream & downstream integration.

Source: Wikipedia, IOCL Website

About TSRC

A leading Synthetic Rubber producer

HQ – Taipei, Taiwan 9 Manufacturing Sites (Taiwan, China, Thailand, India & USA) & Sales Network across Globe

Products E-SBR, BR, NBR, S-SBR, SBC (SIS, SBS and SEBS) and Compound

TSRC is the stakeholder and technology licensor for ISRL Project

ISRL is marketing its products using “Taipol”

brand under license agreement with TSRC

TSRC is also supporting

ISRL to market and export its products during the

initial period

About Marubeni

A Multinational Company with strength in logistics management & expertise in commodity trading

HQ – Tokyo, Japan Assets 5,965 Billion Yen as on March 2013

Activities Trading, logistics management and financial investment

Marubeni is a strategic investor in the project.

Marubeni helped in organizing finance for

ISRL project from Japan and is further supporting

ISRL to source critical raw material like Styrene

from international players.

ISRL Board & Key Management Team

Key Management Team

CEO Sanjaya Bhagtnagar

(IOCL Nominee)

COO Elangovan D.

(TSRC Nominee)

CFO Anil Singh

(Marubeni Nominee)

R K Ghosh Chairman ISRL

(IOCL Nominee)

S Mitra (IOCL Nominee)

Rajiv Bahl (IOCL Nominee)

T K Basak (IOCL Nominee)

A K Sharma (IOCL Nominee)

Lee Pei Chou (TSRC Nominee)

Rueylin Chiu (TSRC Nominee)

Tsu Ti Liu (TSRC Nominee)

Yoshitomo Homma (Marubeni Nominee)

Satoshi Oyama (Marubeni Nominee)

ISRL Board

Organization Structure

Board

CEO

Head-Legal & Company Secretary CFO COO Head – Marketing*

Finance & Accounts

Information Technology

Production

Maintenance

Materials

Technical Services

HR & Admin Employee Strength Noida Office: 26 Panipat Site : 169 * TSRC Nominee

Plant Overview

Capacity: 120 KTA (Provision for expansion up to 180 KTA within the existing premises)

Butadiene requirement: 79 KTA

Butadiene Availability: 138 KTA (Indian Oil, Painpat)

Styrene Requirement: 24 KTA (Being imported)

Grades offered…

- Bright colored

- Improved abrasion resistance & flexibility

TAIPOL SBR 1502

• Excellent tack • Easy pigment loading • Ease of processability

TAIPOL SBR 1500

Superior processing property with extender oil

TAIPOL SBR 1712

Superior processing property with TDAE extender oil

TAIPOL SBR 1723

Finishing section has four lines for producing SBR

1500, SBR 1502, SBR 1712 & SBR 1723

Two Production Trains

Quality Assurance & Technical Support

The plant has full fledged laboratory with latest analytical instruments like Mooney Viscometers, Rheometers, Gas Chromatography, UV Testing, Spectroscopy Refractrometers, Banbury mixing unit, Curing press etc.

ISRL has established Quality Management

Systems to ensure consistent supply of quality products to it’s customers

Work on ISO 9001 and other certifications is in

progress

QA/QC

Product packaging, handling & storage

Stare-of-the-art packaging line with robot controlled arm for placing SBR bales in the boxes. Warehouse with storage capacity of ~ 10 KT adopts best practices and is equipped with latest product handling facilities.

ISRL product is available with various

options of packaging ie. Paper Bags, Wooden

Boxes or Standard returnable metal boxes

hired from M/s Goodpack

Packaging

Distributors & ISRL Stock Points

Distributors North I (M/s Ganpati Standard)

North II (M/s Chowdhury Rubber Pvt Ltd)

West (M/s Flexilis Pvt Ltd)

South (M/s Tulsiram Hanumanbagas Gilada)

Distribution Setup

Factory

Distributor

ISRL Warehouse

ISRL Warehouse (Evaluating Locations)

West – 1 Location (Vadodara) South – 2 Locations (Chennai & Kochi) East – 1 Location (Kolkata)

Health Safety & Environment

Occupational Health Centre Gas & Hydrocarbon leak detectors Fire water reservoir with plant wide network of hydrants &

fire fighting equipment

ISRL is committed to ensure Health and Safety

of its employees and neighbouring community

through safe and environment friendly

operations Capital investment of ₹ 600 Million

towards environment protection activities

No ground Water usage Zero liquid effluent discharge

HSE Policy

Thank you