India based IGPL is planning to set up a Phthalic Anhydride (PA) unit in Gujarat. The plant will be set up with an investment of Rs.6 bln at chemical complex in Gujarat.
The new plant will commence operations in three years, the company said, adding that it planned to raise funds for the new project through internal accruals and loans.
The new PA capacity will help IG Petrochemicals meet increasing demand in downstream products like paints, plasticizers¸ polyvinyl chloride (PVC), unsaturated polyester resins etc, IGPL said in its statement.
The company began commercial production at its 53,000 tonnes/year brownfield manufacturing facility (PA-4) at Taloja in western Maharashtra state on 29 December 2020
