Panipat- Indian Synthetic Rubber Ltd. (ISRL) has awarded Toyo Engineering India Ltd. a contract to build a styrene butadiene rubber (SBR) plant in Panipat, India.

ISRL, a joint venture of Indian Oil Co. (50%), TSRC Corp. (30%) and Marubeni Corp. (20%), is building a plant to produce 120,000 t/y of SBR based on TSRCs technology. The project, with an estimated cost of about $200-million, is scheduled for completion in 2013, subject to ISRL receiving environmental clearance by the end of July 2011.

Toyo said its lump sum contract covers engineering, procurement, construction and commissioning.

The project is being built near Indian Oils recently commissioned naphtha cracking complex, which will supply butadiene feedstock to the SBR plant.