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IG Petrochemicals trades jubilantly on getting favorable verdict in Domestic Tariff Area case

24 Apr 2015 Evaluate

IG Petrochemicals is currently trading at Rs. 68.25, up by 4.05 points or 6.31% from its previous closing of Rs. 64.20 on the BSE.

The scrip opened at Rs. 62.90 and has touched a high and low of Rs. 68.30 and Rs. 62.90 respectively. So far 23329 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.00 on 23-Sep-2014 and a 52 week low of Rs. 24.00 on 09-May-2014.

Last one week high and low of the scrip stood at Rs. 75.15 and Rs. 63.00 respectively. The current market cap of the company is Rs. 205.71 crore.

The promoters holding in the company stood at 72.10% while Institutions and Non-Institutions held 0.06% and 27.84% respectively.

The Case for valuation of Domestic Tariff Area (DTA) sales pending before the Supreme Court has been decided in IG Petrochemicals' favour. This absolves the Company of the contingent liabilities related to Excise and Customs duties to the extent of Rs 128.75 crore pending before the Supreme Court, disputes in appeals and show cause notices received from the concerned departments.

IG Petrochemicals is a dominant player in the domestic Phthalic Anhydride (PAN) industry. IGPL has its manufacturing facilities located at Taloja, Maharashtra.

 

IG Petrochem. Share Price

421.30 -4.25 (-1.00%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BASF India 3693.20
Tata Chemicals 707.70
SRF 2474.05
Pidilite Inds. 1407.65
Deepak Nitrite 1645.15
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