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IG Petrochemicals gets nod to incorporate wholly owned subsidiary

03 Feb 2023 Evaluate

IG Petrochemicals has received an approval for incorporation of wholly owned subsidiary (WOS) company. The proposed WOS Company shall explore new opportunities in petrochemicals sector, marketing of petrochemical products and sourcing of raw materials. The Board of Directors of the Company at their meeting held on February 2, 2023 have approved the same.

IG Petrochemicals (IGPL) is an established market leader in Phthalic Anhydride (PAN) with strong recognition and excellent plant facilities of international standards. IGPL also produces Maleic Anhydride through wash water generated out of the production process of PAN. Maleic Anhydride is used in agro and food businesses. IGPL also manufactures Benzoic Acid (BA) as a by-product. 

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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