IG Petrochemicals Limited informed the exchanges Monday that its new downstream product i.e. Advance Plasticizer manufacturing facility plant with a capacity of 8,400 MTPA situated at Taloja Industrial Area, Maharashtra has commenced its commercial production from November 1.
The company also said in a separate filing that the Board of Directors of the Company at their meeting held today have approved the expansion of Phthalic Anhydride with a capacity of 53,000 MTPA at our existing plant location, Taloja (brownfield expansion).
At around 11.19 am, I G Petrochemicals Ltd was trading at Rs875.45 per piece up by Rs12.3 or 1.43% from its previous closing of Rs863.15 per piece on the BSE.
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