I.G. Petrochemicals Limited Overview
Pro stress-test →I G Petrochemicals Limited engages in the manufacture and sale of organic and inorganic chemicals in India and internationally. The company is recognized as India's largest Phthalic Anhydride (PAN) manufacturer and the second-largest producer in the world. IGPL operates primarily through its flagship facility at Taloja, Maharashtra, serving downstream industries including plastics, paints, cosmetics, and pharmaceuticals.
Strategic Profile
Pro stress-test →IGPL has strategically expanded its product portfolio to include chemicals like Maleic Anhydride, Benzoic Acid, and Di-ethyl Phthalate, while its investments in plasticizers, compressed biogas (CBG), and pyrolysis oil reflect a shift towards building a sustainable and future-ready portfolio. The company commands an approximate 50% market share in the Indian market. The company is part of the Dhanuka Group.
Competitive Landscape
Pro stress-test →IGPL operates in the specialty chemicals sector with primary competition in phthalic anhydride from global players and regional Indian chemical manufacturers. The company's dominant market position (50% market share in India, 2nd globally in PAN) provides competitive moat. Key competitors include Deepak Nitrite, Gujarat Fluorochemicals, and other diversified chemical producers in India.
Industry Context
I.G. Petrochemicals Limited operates in Specialty Chemicals & Petrochemicals.
Key facts
Founded: 1988 · Headquarters: Mumbai, India · Employees: null · Revenue: ₹2,100-2,300 Cr (FY2025 est.) · Market cap: ₹11.46B (~$1.4B USD)