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.
| Company Name | CMP |
|---|---|
| BASF India | 4035.90 |
| Tata Chemicals | 782.10 |
| SRF | 2780.75 |
| Pidilite Inds. | 1476.15 |
| Deepak Nitrite | 1875.25 |
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