IG Petrochemicals Update On Expansion Projects
I G Petrochemicals Limited had announced expansion project status:
1) A Brownfield Expansion is underway of Phthalic Anhydride (PA 4) by 53,000 MTPA which would take our total capacities post-expansion to ~2,22,110 MTPA. The company expect to commence the production from PA4 by December 2019. The company has spent Rs. 125 crores as on 31st December 2018.
2) Expansion into Advance Plasticisers (~8,400 Tonnes) to come on stream by FY 2020, which will lead to overall 8% diversification from the existing product mix, 4 % by way of Plasticizers and 4% by way of MA and BA.