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Manali Petrochemicals inks MoU with Tamil Nadu Government

12 Sep 2015 Evaluate

Manali Petrochemicals has entered into a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to invest upto Rs 500 crore over the next three to five years in projects for expansion of the Polyol capacity and a Power project with the facilitation and support from the Government.

Manali Petrochemicals (MPL) is a leader in the production and marketing of Propylene Oxide, Propylene Glycols and Polyols in India. The Company operates two grassroot production facilities at Manali to manufacture Propylene oxide (PO), Propylene Glycol (PG) and Polyols. It markets its Polyols with isocyanates sourced indigenously as well as imported from Japan and China and the pre-polymers produced at MPL in meeting the demand of polyurethane industry in India.

Peers
Company Name CMP
Godrej Industries 1104.15
SRF 2530.50
BASF India 3539.75
Pidilite Inds. 1511.00
Tata Chemicals 644.10
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