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I G Petrochemicals Ltd, incorporated in 1988, manufactures Phthalic Anhydride (PAN), Maleic Anhydride (MAN) and Benzoic Acid which are used in manufacturing of dyes, polyester resins etc.
IGPL's Board has decided to liquidate its wholly-owned subsidiary, IGPL Energy Limited, established in Dubai, as no business operations commenced. This strategic move signals a pullback from the energy venture. Additionally, the completion timeline for the plasticizer plant has been extended to December 2025. Investors should note this delay in...
Shri Madan Mohan Dhanuka, Promoter and Chairman Emeritus of I G Petrochemicals Limited, has sadly passed away. His legacy will continue to inspire the organization. Following this change, he will no longer be part of the promoter group. The company expresses condolences to his family members, marking a significant loss...
**Consolidated Financials:** For the quarter ended December 31, 2024, I G Petrochemicals reported consolidated total income of ₹174.89 crore, marking an increase from ₹156.64 crore year-over-year, reflecting a revenue growth of approximately 11.8%. This improvement may stem from stronger demand in the chemical sector, coupled with strategic market enhancements and...
The Board of Directors of IG Petrochemicals has acknowledged that the National Stock Exchange has waived a fine related to delayed compliance with a specific regulation, granting a favorable outcome for the company. However, for another fine concerning different compliance issues, the company has submitted a waiver request to the...
**I G Petrochemicals Limited Financial Summary** Consolidated revenue from operations reached ₹58,295.86 crores, marking a notable year-over-year growth of approximately 16.2%, attributed to increased demand in organic chemicals and effective market expansion strategies. Net profit after tax stood at ₹2,831.12 crores, compared to ₹1,008.38 crores in the previous year, yielding...