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I G Petrochemicals Ltd

BSE Code : 500199 | NSE Symbol : IGPL | ISIN:INE204A01010| SECTOR : Chemicals |

NSE BSE
 
SMC down arrow

494.90

-7.25 (-1.44%) Volume 59165

24-May-2024 EOD

Prev. Close

502.15

Open Price

495.00

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

494.90(307)

 

Today’s High/Low 509.40 - 492.65

52 wk High/Low 589.70 - 402.50

Key Stats

MARKET CAP (RS CR) 1528.19
P/E 38.47
BOOK VALUE (RS) 402.4714684
DIV (%) 100
MARKET LOT 1
EPS (TTM) 12.9
PRICE/BOOK 1.23300665752236
DIV YIELD.(%) 1.51
FACE VALUE (RS) 10
DELIVERABLES (%) 31.17
4

News & Announcements

23-May-2024

I G Petrochemicals consolidated net profit declines 76.30% in the March 2024 quarter

23-May-2024

Board of IG Petrochemicals recommends final dividend

23-May-2024

I G Petrochemicals Ltd - IG Petrochemicals Limited - Dividend Updates

22-May-2024

I G Petrochemicals Ltd - IG Petrochemicals Limited - Loss of Share Certificates

23-May-2024

Board of IG Petrochemicals recommends final dividend

15-May-2024

IG Petrochemicals declare Quarterly Result

07-Feb-2024

IG Petrochemicals to declare Quarterly Result

28-Oct-2023

IG Petrochemicals to announce Quarterly Result

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
Aarti Industries Ltd 524208 AARTIIND
Aarti Surfactants Ltd 543210 AARTISURF
Aarti Surfactants Ltd Partly Paidup 890180 AARTIPP
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Aditya Info-Soft Ltd 530693
Advance Petrochemicals Ltd 506947
Aether Industries Ltd 543534 AETHER
Alang Industrial Gases Ltd 531517
Alkali Metals Ltd 533029 ALKALI
Alkyl Amines Chemicals Ltd 506767 ALKYLAMINE
Allied Resins & Chemicals Ltd(merged) 524538 ALLIEDRES
Alufluoride Ltd 524634
Amal Ltd 506597
Ambani Organics Ltd 535097 AMBANIORG
Ambica Agarbathies Aroma & Industries Ltd 532335 AMBICAAGAR
Amex Carbonates & Chemicals Ltd 531321
Amines & Plasticizers Ltd 506248 AMNPLST
Aminex Chemicals Ltd (Wound-up) 524386
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Andhra Petrochemicals Ltd 500012 ANDHRAPET
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ARCL Organics Ltd 543993
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Asiatic Oxygen Ltd 40030
Atul Ltd 500027 ATUL
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B L Industries (India) Ltd 530637
Balaji Amines Ltd 530999 BALAMINES
Barium Chemcials Ltd 506275
Baroda Carbons Ltd 523527
BASF India Ltd 500042 BASF
Benzo Petro International Ltd 524737
Benzo Petrochemicals Ltd (Wound Up) 524196
Bhagawati Gas Ltd 500051 BAGWATIGAS
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Bhatia Colour Chem Ltd 543497
Bhuruka Gases Ltd 509728
Bhuvan Tripura Industries Ltd 524725
Binaca Synthetic Resins Ltd 514344
Borax Morarji Ltd(Merged) 506315
Burmah Petro Products Ltd 40310
C J Gelatine Products Ltd 507515
Cabot India Ltd 506700 CABOTINDIA
Camlin Fine Sciences Ltd 532834 CAMLINFINE
Canvay Chemicals Ltd 531535
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Carbon & Chemicals India Ltd (Merged) 505813
Castrol India Ltd 500870 CASTROLIND
Cellulose Products of India Ltd 506345
Chembond Chemicals Ltd 530871 CHEMBOND
Chemcon Speciality Chemicals Ltd 543233 CHEMCON
Chemcrux Enterprises Ltd 540395
Chemfab Alkalis Ltd 541269 CHEMFAB
Chemiesynth (Vapi) Ltd 539230
Chemplast Sanmar Ltd 543336 CHEMPLASTS
Chimique Laboratories (India) Ltd 40300
Ciba India Ltd(merged) 532184 CIBASPEC
Cilson Organics Ltd 532147
Citric India Ltd 506370
Citurgia Biochemicals Ltd 506373 CITURGIBIO
Clariant (India) Ltd(merged) 500373 CLARIANT
Clarisis Organics Ltd 524806
Claro India Ltd 524366
Clean Science & Technology Ltd 543318 CLEAN
Cochin Minerals & Rutile Ltd 513353
Continental Petroleums Ltd 523232
Core Organics Ltd 524466
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Dai-ichi Karkaria Ltd 526821 DAICHIKARK
DDev Plastiks Industries Ltd 543547
Deccan Petroleums Ltd 526375
Deepak Fertilizers & Petrochemicals Corp Ltd 500645 DEEPAKFERT
Deepak Nitrite Ltd 506401 DEEPAKNTR
Diamines & Chemicals Ltd 500120 DIAMINESQ
DIC India Ltd 500089 DICIND
Diviya Chemicals Ltd 506810
DMCC Speciality Chemicals Ltd 506405 DMCC
Doctors Biotech India Ltd 512079
Dujodwala Paper Chemicals Ltd 524276
Eiko Lifesciences Ltd 540204
Eiko Lifesciences Ltd Partly Paidup 890189
Elantas Beck India Ltd 500123 DRBECK
Ellenbarrie Industrial Gases Ltd 590087
Emmessar Biotech & Nutrition Ltd 524768
EPIC Enzymes Pharma & Industrial Chemicals Ltd 524374
Fairchem Organics Ltd 543252 FAIRCHEMOR
Ficom Organics Ltd(merged) 506443 FICOMORGAN
Fine Organic Industries Ltd 541557 FINEORG
Fineotex Chemical Ltd 533333 FCL
Foseco India Ltd 500150 FOSECOIND
Futuristic Offshore Services and Chemical Ltd 500154 GANESHANHY
Gagan Gases Ltd 524624
Galaxy Oleo-Chem (India) Ltd 40207
Galaxy Surfactants Ltd 540935 GALAXYSURF
GBL Industries Ltd 539009
GHCL Ltd 500171 GHCL
Glory Chemicals Ltd 531532
GOCL Corporation Ltd 506480 GOCLCORP
Godrej Industries Ltd 500164 GODREJIND
Goiex Michio Sudo Ltd 507978
GOM Industries Ltd 523802
Goodearth Industries Ltd 526929
Goodearth Organic (India) Ltd [Wound-up] 524300
Govind Poy Oxygen Ltd 509586
GP Petroleums Ltd 532543 GULFPETRO
Grauer & Weil (India) Ltd 505710 GRAUWEIL
Gresoil (India) Ltd 530483
Gujarat Carbon & Industries Ltd 506457
Gujarat Fluorochemicals Ltd 542812 FLUOROCHEM
Gujarat Indo-Lube Ltd 523552
Gujarat Narmada Valley Fertilizers & Chemicals Ltd 500670 GNFC
Gujarat Oiland Industries Ltd (Wound Up) 507866
Gujarat Organics Ltd 501368
Gujarat Speciality Lubes Ltd 523880
Gulf Oil India Ltd - Merged 511026 GULFOIL
Gulf Oil Lubricants India Ltd 538567 GULFOILLUB
Gulshan Sugars & Chemicals Ltd(merged) 524184
Haryana Leather Chemicals Ltd 524080
Hemo Organic Ltd 524590
Hico Products Ltd 506461
Hi-Green Carbon Ltd 91663 HIGREEN
Hilltone Industrial Gases Ltd 40441
Himadri Speciality Chemical Ltd 500184 HSCL
Hindcon Chemicals Ltd 535053 HINDCON
Hindustan Industrial Chemicals Ltd 524679 HINDINDCHM
Hindustan Organic Chemicals Ltd 500449 HOCL
Hindustan Oxygen Gas Ltd 509660
HP Adhesives Ltd 543433 HPAL
Hubergroup India Pvt Ltd 523886 MICRO
IBP Co. Ltd(merged) 500198 IBP
Iccon Oil & Specialities Ltd 523766
India Carbon Ltd 40012
India Gelatine & Chemicals Ltd 531253
Indian Electro Chemicals Ltd 506490
Indian Emulsifiers Ltd 92833 IEML
Indo Amines Ltd 524648 INDOAMIN
Indo Borax & Chemicals Ltd 524342 INDOBORAX
Indo Gulf Industries Ltd 506945
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Indu Nissan Oxo Chemicals Industries Ltd 500208 INDUNISSAN
Inox Air Products Pvt Ltd 526534 INDOXYGEN
Insilco Ltd 500211 INSILCO
Iota Chemiculture Ltd(Liquidated) 524630
IVP Ltd 507580 IVP
J F Laboratories Ltd 523804 JFLABS
J.G.Chemicals Ltd 544138 JGCHEM
J.R. Organics Ltd 506650
Jay Agrochem Ltd (Wound Up) 513504
Jayant Agro Organics Ltd 524330 JAYAGROGN
Jocil Ltd 500561 JOCIL
Jubilant Industries Ltd 533320 JUBLINDS
Jubilant Ingrevia Ltd 543271 JUBLINGREA
Jyoti Resins and Adhesives Ltd 514448
K P Gelatines & Chemicals India Ltd (Wound-up) 524741
Kamar Chemicals & Industries Ltd 531001
Kanchi Karpooram Ltd 538896
Kanoria Chemicals & Industries Ltd 506525 KANORICHEM
Kanva Hydro Chem Ltd 524685
Karnataka Chemical Industries Corp Ltd 530105
Karnav Leather Chemicals Ltd 524432
Keltech Energies Ltd 506528
Kesar Petroproducts Ltd 524174
Kilburn Chemicals Ltd 524699
Kings India Chemicals Corporation Ltd 524214
Kothari Polymers Ltd 40360
Krishna Plastochem Ltd (Wound Up) 524254
Laxmi Organic Industries Ltd 543277 LXCHEM
Lime Chemicals Ltd 507759
Linde India Ltd 523457 LINDEINDIA
Link Pharma Chem Ltd 524748
Lords Chemicals Ltd 530039
M.P. Carbide & Chemicals Ltd 506925
Madras Petrochem Ltd 500261
Maha Chemicals Ltd (Wound-up) 524556
Maharashtra Explosives Ltd (Wound-up) 506871
Maharashtra Polybutenes Ltd 524232
Mangalam Organics Ltd 514418 MANORG
Mark Omega Organic Industries Ltd 524681
Maruti Industrial Carbohydrates Ltd 524814
Maruti Organics Ltd 524402 MARUTIORNG
Master Chemicals Ltd 506867
Mehta Rubber Chemcials Ltd 526536
Mehta Sulfites (India) Ltd 530029
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Motorol (I) Ltd 508965 MOTOROL
Motorol Enterprises Ltd 523049 RINKIPETRO
Motorol Speciality Oils Ltd 506954
MTZ Industries Ltd 500275 METAZINC
Murablack India Ltd 523578 MURABLACK
Nacro Chemicals Ltd 524350
Nariman Point Chemical Industries Ltd 524224
Narmada Gelatines Ltd 526739 SHAWGELTIN
National Oxygen Ltd 507813 NOL
Navin Fluorine International Ltd 532504 NAVINFLUOR
Neogen Chemicals Ltd 542665 NEOGEN
Newton Engineering & Chemicals Ltd 524474
Nikhil Adhesives Ltd 526159
Niraj Petrochemicals Ltd 500454 NIRAJPETRO
Nitta Gelatin India Ltd 506532 KERALACHEM
NLC Nalco India Ltd 524101 NALCOCHEM
Noble Explochem Ltd 506991
NOCIL Ltd 500730 NOCIL
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Nova Chemie (India) Ltd 40188
Ojas Technochem Products Ltd(wound-up) 526427
Omkar Speciality Chemicals Ltd 533317 OMKARCHEM
Organic Coatings Ltd 531157
Orient Organics Ltd 524766
Oriental Aromatics Ltd 500078 OAL
Oriental Carbon & Chemicals Ltd 506579 OCCL
Orissaa Organics Ltd 524392
Oswali Chemicals Ltd 506916
Padmanabh Industries Ltd 526905
Paintex Chemicals (Bombay) Ltd 524178
Paragon Fine and Speciality Chemical Ltd 91901 PARAGON
Paschim Petrochem Ltd 531005
Paushak Ltd 532742
PCBL Ltd 506590 PCBL
Pentasia Chemicals Ltd (Merged) 507739
Pidilite Industries Ltd 500331 PIDILITIND
Pinky Chemicals Ltd 524671
Plastiblends India Ltd 523648 PLASTIBLEN
Platinum Industries Ltd 544134 PLATIND
Polyolefins Industries Ltd (Merged) 506610
Premier Explosives Ltd 526247 PREMEXPLN
Privi Speciality Chemicals Ltd 530117 PRIVISCL
Protchem Industries (India) Ltd 524117
Rain Calcining Ltd(merged) 532153 RAINCALCIN
Rathi India Ltd 506959
Refnol Resins & Chemicals Ltd(Merged) 530815
Rencal Chemicals (India) Ltd 524510
Resonance Specialities Ltd 524218
Revati Organics Ltd 524504
Rhodia Specialty Chemicals India Ltd(Merged) 506230 ALBRMORARJ
Rite Zone Chemcon India Ltd 535489 RITEZONE
Ritesh International Ltd 519097
Rock Hard Petro Chemical Industries Ltd 524194
Rossari Biotech Ltd 543213 ROSSARI
Rukmani Metals & Gaseous Ltd 40695
S H Kelkar & Company Ltd 539450 SHK
S K R Chemicals Ltd 530371
Sadhana Nitro Chem Ltd 506642 SADHNANIQ
Salvigor Laboratories Ltd (Merged) 524268
Sanderson Industries Ltd 507728 SANDERIND
Sanginita Chemicals Ltd 538408 SANGINITA
Sarang Chemicals Ltd 532031
Searsole Chemicals Ltd (Wound-up) 506644
Seya Industries Ltd 524324 SEYAIND
Shaper Chemicals Ltd (Wound-up) 524566
Shayona Petrochem Ltd 531538
Shentracon Chemicals Ltd 530757
Shree Benzophen Industries Ltd 531389
Shree Neelachal Laboratories Ltd 531487
Shri Ambuja Petro Chemicals Ltd 506742
Shri Aster Silicates Ltd 533219 SHRIASTER
Shri Nicosect Ltd 526437
SI Group - India Ltd 506460 SIGROUPIND
SMZS Chemicals Ltd(wound-up) 524160 SMZSCHEM
Solar Industries India Ltd 532725 SOLARINDS
Sonal Sil Chem Ltd 524673
Southern Gas Ltd 509910
Speciality Petrolubes Ltd 523525
Sree Rayalaseema Hi-Strength Hypo Ltd 532842 SRHHYPOLTD
Sree Rayalaseema Petrochemicals Ltd (Merged) 524618
Sreechem Resins Ltd 514248
SRF Ltd 503806 SRF
SRHHL Industries Ltd (Merged) 524410 SRHHLINDST
Sterling Biotech Ltd 512299 STERLINBIO
Sudev Chemicals Ltd 40666
Sun Star Chemicals Ltd 524536 SUNSTRCHEM
Sunshield Chemicals Ltd 530845
Sunstar Lubricants Ltd 524452 SUNSTARLUB
Superior Air Products Ltd (Merged) 526469
Swarnajyothi Agrotech & Power Ltd 590090
Tamil Nadu Industrial Explosives Ltd 524028
Tamil Nadu Petro Products Ltd 500777 TNPETRO
Tanfac Industries Ltd 506854 TANFACIND
Tata Chemicals Ltd 500770 TATACHEM
Tatva Chintan Pharma Chem Ltd 543321 TATVA
TECIL Chemical & Hydro Power Ltd 506680 TECILCHEM
Tetrahedron Ltd 40308
Thirani Chemicals Ltd (Merged) 524125
Thirumalai Chemicals Ltd 500412 TIRUMALCHM
Tide Water Oil Co (I) Ltd 590005 TIDEWATER
Tirupati Inks Ltd 533258
Transpek Industry Ltd 506687 TRANSPEK
Tria Fine Chem Ltd 524721
Tribology India Ltd 40171
Trigon Zinco Ltd 530287
Tulasee Bio-Ethanol Ltd 524514
U P Lime Chem Ltd 524677
Unique Oils India Ltd 523250
Urvi Chemicals & Allied Industries Ltd 501371
Vadilal Chemicals Ltd 40485
Vadivarhe Speciality Chemicals Ltd 538429 VSCL
Valiant Organics Ltd 540145 VALIANTORG
VBC Industries Ltd 524310
Vibros Organics Ltd 530487
Vijayshree Chemicals (India) Ltd 524312
Vikas Wsp Ltd 519307 VIKASWSP
Vinati Organics Ltd 524200 VINATIORGA
Vishnu Chemicals Ltd 516072 VISHNU
Vision Organics Ltd 532383 VISIONLTD
Vital Chemtech Ltd 535490 VITAL
Yasho Industries Ltd 541167 YASHO
Yug Decor Ltd 540550

Share Holding

Category No. of shares Percentage
Total Foreign 1334394 4.33
Total Institutions 551182 1.79
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 372931 1.21
Total Promoters 21167142 68.74
Total Public & others 7369201 23.93
Total 30794850 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About I G Petrochemicals Ltd

I G Petrochemicals (IGPL) is a petrochemical industry manufacturing Phthalic Anhydride (PA). It is an organic chemical manufactured from Orthoxylene (OX). It mainly caters to the needs of the Phthalate Plasticizers, Paints, PVC Compounds, Dyes and Pigments, Unsaturated Polyester Resins, Alkyd Resins etc. I G Petrochemicals Ltd., the flagship company of the Dhanuka Group, is the manufacturer of Phthalic Anhydride (PAN) with a capacity of 1,16,110 MT per annum, which is one among the largest plants in the world. The Company earlier was a 100% Export Oriented Unit (EOU) and got converted into Domestic Tariff Area (DTA) Unit from 6th November 2008. It was promoted by Mysore Petrochemicals (MPCL) together with its associate companies in technical and financial collaboration with Lurgi, Germany. IGPL came out with a public issue of 1.06 cr equity shares at par aggregating Rs 10.61 cr in Sep'91. The proceeds of the issue were utilised to part-finance a Rs 61.85-cr 100% EOU for the manufacture of phthalic anhydride with a licensed capacity of 45,000 tpa. The plant is located at Taloja in Maharashtra This is the largest plant for phthalic anhydride in India and compares favourably with international plant sizes of 35,000 tpa. Phthalic anhydride is one of the important industrial chemical which finds application in the manufacture of plasticisers for PVC cables, leather cloth, PVC footwear, etc. It is also used for manufacturing alkyd resins in the paint industry and the production of certain varieties of dyes and pigments. The first phase of expansion of Phthalic Anhydride plant in the existing plant at Taloja from 45000 to 60000 tpa was completed and the second phase of expansion i.e installation of new Phthalic Anhydride plant of 45000 tpa capacity was completed and trial run production was commenced. The company was awarded the ISO 9002 Certificate by Bureau Veritas Quality International (Holding) S.A. London, in the year 1999-2000. Due to fall in price of Pthalic Anhydride in the international market the company incurred a heavy loss in 2001-02 and hence the networth has been eroded and the company has become a Sick unit. The Company started power generation since 19th March 2008. It finalized for expansion capacity of Phthalic Anhydride (PA) by 50000 MT thereby increasing its installed capacity from 116000 MT to 166000 MT per annum at an estimated cost of Rs 225 crores in 2010-11. The Company's expansion project of 50,000 MT got completed during the year and commercial production commenced during September 2013. During the year 2016, the Company formed a wholly owned subsidiary (WOS) namely IGPL (FZE) with Sharjah Airport International Free Zone Authority, UAE to manufacture Maleic Anhydride (MA) through Joint Venture. It acquired the Maleic Anhydride Business from Mysore Petro Chemicals Limited situated at Taloja in Raigad Dist. Maharashtra as a going concern on Slump sale basis with effect from 1st April, 2017 for consideration of Rs 74.48 crores during year 2016-17. It commissioned Phthalic Anhydride (PA- 4) plant with an additional capacity of 53,000 MTPA in December, 2020. Further, it commissioned and introduced the downstream product i.e. Advance Plasticizers with a capacity of 8,400 MTPA.

I G Petrochemicals Ltd Chairman Speech

Dear Shareholders,

It is a great pleasure and privilege to address you and present the annual report of the Company for the year 2022-23. Over the last few years, we have been growing at a robust pace. The expansion of Phthalic

Anhydride plant and the subsequent introduction of Diethyl Phthalate (DEP) in FY 2022 significantly boosted the revenue of the Company. With the ongoing expansion of PAN plant, which is expected to be commissioned in FY 2024, the Company expects to scale up its operating capacities which will further strengthen the Company's reputation of being a strong player in the petrochemical industry.

During the year, the prices of petrochemical products were impacted due to various reasons like policy tightening across central bank, higher energy prices in Europe, zero covid policy followed by China and other geopolitical uncertainties which impacted overall consumption pattern, however, we have seen only a marginal impact of the above factors to our business as a significant part of business and raw material sourcing are done within the western belt of India. Further, the usage of Phthalic Anhydride has grown significantly in last few years due to multipurpose usage of it as raw material and intermediate by most of down-stream commodity chemical, speciality chemical and agro-chemical companies. Over the last decade, petrochemical industry has gone through a multi- phase transformation. The infrastructure and the ecosystem of Indian chemical companies have evolved rapidly over the last few years.

India vis-a-vis the global supply chain has the competitive edge in the Phthalic Anhydride (PAN) market considering the strong domestic demand, government policies, availability of raw materials, infrastructure and skilled workforce,demographic advantage and the growing need of the world for China plus one. This could propel the growth visibility for the Indian Chemical sector in future. This is one of the reason, we have witnessed new entrants into other chemistries in the Indian chemical market.

Traditionally, PAN has been used in industries such as paint, plasticizers and CPC pigments. However, over the years, its application has expanded widely to multiple industries. Today, PAN is ingeniously used in production of plastic currency, paper boards, leisure boats, windmills, sails, aircraft wings, etc. and this demand is served by very few established players, with your Company being one amongst them. There are many facilities across the world that produce PAN through the naphthalene route, whereas IGPL is one of the few organizations that produce it through the orthoxylene route, which provides high-grade PAN as compared to the traditional route.

The non-phthalic anhydride business has begun to make meaningful contribution to the overall business of the Company. During the last year, the non-phthalic anhydride business which comprises of Maleic Anhydride, Benzoic Acid and Advance Plasticizers (DEP) contributed Rs.170 crores to the total revenue of the Company.

The Company reported highest ever revenue growth at Rs.2,375 crores for the year, an increase by 26% when compared to Rs.1,892 crores for the year 2021-22 on the back of the optimum operation of all plants including the Advance Plasticizers. The export contributed about 7% of the total revenue of the Company. EBIDTA was Rs.340 crores. The profit after tax stands at Rs.200 crores during 2022-23.

The DEP business is beginning to gradually provide an impetus to enhance the non-phthalic anhydride business which grew by 42% during the year.

The capacity expansion of 53,000 MTPA is expected to commercialise in FY 2024 and will additionally enhance the Maleic Anhydride capacity by 1,500 MTPA.We are fully geared up to capitalise on rising demand for PAN and have accordingly concentrated our efforts to devise strategy which shall provide a better value proposition for our business partners.

We continue to invest in systems and technologies and leverage our core capabilities to ensure that we offer best in class product to our customers. Considering the Company's strong financials, we are keenly looking out for meaningful opportunities and ready to capitalise on them. Going forward, we intend to channelize our resources towards high growth opportunities such as to increase our capacity utilization and recovery process which will drive efficiencies and cost reduction, cater to increasing diverse end user industries, increase international presence and set-up downstream derivatives plant of PAN. The Company's fundamentals are intact to support the future growth opportunities.

On behalf of the Board, I would like to thank our customers, suppliers, bankers, government and other business partners for their continued faith and support in our capabilities and helping us reach here and to realise our potential in the years to come. I would also like to thank my fellow Directors, Team IGPL and all stakeholders for their unstinted support.

Best regards,

Nikunj Dhanuka

Managing Director & CEO.

   

I G Petrochemicals Ltd Company History

I G Petrochemicals (IGPL) is a petrochemical industry manufacturing Phthalic Anhydride (PA). It is an organic chemical manufactured from Orthoxylene (OX). It mainly caters to the needs of the Phthalate Plasticizers, Paints, PVC Compounds, Dyes and Pigments, Unsaturated Polyester Resins, Alkyd Resins etc. I G Petrochemicals Ltd., the flagship company of the Dhanuka Group, is the manufacturer of Phthalic Anhydride (PAN) with a capacity of 1,16,110 MT per annum, which is one among the largest plants in the world. The Company earlier was a 100% Export Oriented Unit (EOU) and got converted into Domestic Tariff Area (DTA) Unit from 6th November 2008. It was promoted by Mysore Petrochemicals (MPCL) together with its associate companies in technical and financial collaboration with Lurgi, Germany. IGPL came out with a public issue of 1.06 cr equity shares at par aggregating Rs 10.61 cr in Sep'91. The proceeds of the issue were utilised to part-finance a Rs 61.85-cr 100% EOU for the manufacture of phthalic anhydride with a licensed capacity of 45,000 tpa. The plant is located at Taloja in Maharashtra This is the largest plant for phthalic anhydride in India and compares favourably with international plant sizes of 35,000 tpa. Phthalic anhydride is one of the important industrial chemical which finds application in the manufacture of plasticisers for PVC cables, leather cloth, PVC footwear, etc. It is also used for manufacturing alkyd resins in the paint industry and the production of certain varieties of dyes and pigments. The first phase of expansion of Phthalic Anhydride plant in the existing plant at Taloja from 45000 to 60000 tpa was completed and the second phase of expansion i.e installation of new Phthalic Anhydride plant of 45000 tpa capacity was completed and trial run production was commenced. The company was awarded the ISO 9002 Certificate by Bureau Veritas Quality International (Holding) S.A. London, in the year 1999-2000. Due to fall in price of Pthalic Anhydride in the international market the company incurred a heavy loss in 2001-02 and hence the networth has been eroded and the company has become a Sick unit. The Company started power generation since 19th March 2008. It finalized for expansion capacity of Phthalic Anhydride (PA) by 50000 MT thereby increasing its installed capacity from 116000 MT to 166000 MT per annum at an estimated cost of Rs 225 crores in 2010-11. The Company's expansion project of 50,000 MT got completed during the year and commercial production commenced during September 2013. During the year 2016, the Company formed a wholly owned subsidiary (WOS) namely IGPL (FZE) with Sharjah Airport International Free Zone Authority, UAE to manufacture Maleic Anhydride (MA) through Joint Venture. It acquired the Maleic Anhydride Business from Mysore Petro Chemicals Limited situated at Taloja in Raigad Dist. Maharashtra as a going concern on Slump sale basis with effect from 1st April, 2017 for consideration of Rs 74.48 crores during year 2016-17. It commissioned Phthalic Anhydride (PA- 4) plant with an additional capacity of 53,000 MTPA in December, 2020. Further, it commissioned and introduced the downstream product i.e. Advance Plasticizers with a capacity of 8,400 MTPA.

I G Petrochemicals Ltd Directors Reports

I G Petrochemicals Ltd Company Background

M M DhanukaNikunj Dhanuka
Incorporation Year1988
Registered OfficeT-10 3rd Floor Jairam Complex,Mala Neugi Nagar
Panaji,Goa-403001
Telephone91-832-2434973,Managing Director
Fax
Company SecretarySudhir R Singh
AuditorSMMP & Co/MSKA & Associates
Face Value10
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarBigshare Services Pvt Ltd
Office No 56-2 ,Pinnacle Busine.Park,Mahakali Caves Road ,Mumbai - 400093

I G Petrochemicals Ltd Company Management

Director NameDirector DesignationYear
M M DhanukaChairman (Non-Executive)2023
Nikunj DhanukaManaging Director & CEO2023
Rajesh MuniIndependent Director2023
A K A RathiIndependent Director2023
J K SabooExecutive Director2023
Vaijayanti PanditIndependent Director2023
Sudhir R SinghCompany Sec. & Compli. Officer2023

I G Petrochemicals Ltd Listing Information

Listing Information
BSESMALLCA
BSEALLCAP
BSEMETERIA

I G Petrochemicals Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Organic ChemicalsNA0001051.5839
Other Operating RevenueNA0006.9963
OthersNA0000
PowerNA0000
Traded GoodsNA0000
Finished goodsNA0000
Phthalic AnhydrideMT0000
Phthalic anhydride Traded GoodNA0000
Phthalate PlasticizersMT0000

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