The 5-year analysis of IG Petrochemicals Ltd's performance infers:
We analysed the performance of IG Petrochemicals Ltd share prices over the last 10 years. Here is what we found out:
Incorporated in the year 1988, IG Petrochemicals (IGPL) has relentlessly marched towards achieving its goals and objectives.
Adherence to international standards while producing Phthalic Anhydride and persistent stress on quality has made them a respected name in international markets. Strict quality control standards are its hallmark.
IGPLâ€™s manufacturing plant is located at Taloja in Maharashtra. This is the largest plant for phthalic
IGPLâ€™s manufacturing plant is located at Taloja in Maharashtra. This is the largest plant for phthalic anhydride in India and is comparable to the international plant sizes of 35,000 tpa.
The company enhanced its production capacity from 45,000 MTPA to 1,10,000 MTPA to tap growing national and export markets. It constantly strives to grow and expand as an organization, setting new standards. They are Six-Sigma practicing company with ISO 9000/2000 certification.
The company is planning to increase its capacity on a mega scale and diversify into petrochemicals.
Phthalic Anhydride is recycled to manufacture Maleic Anhydride. Similarly, the Phthalic Anhydride distillation residues, like high boiling residue and low boiling residue, are mixed together and fired in the heat transfer oil heater along with the furnace oil as fuel in a move to keep the environment clean.
In September 1991, IGPL came out with a public issue of 1.06 crore equity shares at par aggregating Rs 10.61 crore. The proceeds of the issue were utilized to part-finance a Rs 61.85-cr 100% EOU for the manufacture of phthalic anhydride with a licensed capacity of 45,000 tpa.
Phthalic Anhydride -- The companyâ€™s principal business revolves around the production of Phthalic Anhydride, which is mainly used in the manufacture of Plasticizers for production of PVC products, shoe soles and other commodities.
Phthalic Anhydride is a principal commercial form of phthalic acid, discovered in 1836. It was the first anhydride reaction of Phthalic Anhydride is with alcohols or diols to give esters or of a dicarboxylic acid to be used commercially, and is comparable in its importance to acetic acid. The most important polyesters.
It is also used for manufacturing Alkyd Resins which is used in paints, as an intermediate in production of dyes and pigments, and in production of Unsaturated Polyester Resins (UPRs).