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IG Petrochemicals through its wholly owned subsidiary enters into JV with DUGAS

26 Nov 2015 Evaluate

IG Petrochemicals through its wholly owned subsidiary IGPL (FZE) has entered into a Joint Venture (JV) with Dubai Natural Gas Co., UAE (DUGAS) for the manufacturing of Maleic Anhydride with a capacity of 45,000 MTPA. DUGAS is a wholly owned subsidiary of the Emirates National Oil Company (ENOC) and are a well diversified large conglomerate with interest in the oil and gas industry. The JV will be called ENOC - I G Petrochemicals LLC.

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

Peers
Company Name CMP
Godrej Industries 1021.20
SRF 2490.00
BASF India 3411.40
Pidilite Inds. 1470.00
Tata Chemicals 607.90
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