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IGPL shuts down one of PA plant at Taloja

16 Nov 2011 Evaluate

IG Petrochemicals (IGPL) has shut down one of the Phthalic Anhydride (PA) Plant (PA-2) at Taloja, Maharashtra in view of the unfavourable market condition. The company has sufficient stock of PA in hand and the product supplies to the customers will be unaffected during the period of shutdown.

Recently, the company had received an approval to set up brown field Phthalic Anhydride Plant (PA-3) at a cost of Rs 224.74 crore

IG Petrochemicals is a dominant player in the domestic Phthalic Anhydride (PAN) industry. IGPL has its manufacturing facilities located at Taloja, Maharashtra with an installed capacity of 1,16,110 metric tonnes per annum (mtpa) as on March 31, 2011.

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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