The Board of Directors of I G Petrochemicals Limited have approved the greenfield expansion of phthalic anhydride & its derivatives up to 80,000 MTPA at an outlay of approx. Rs. 600 crores.

The demand for phthalic anhydride in domestic market is expected to increase due to government’s focus on infrastructure spending and demand growth in downstream products like paints, plasticizers polyvinyl chloride, unsaturated polyester resins (UPR) etc., led by good GDP growth in India.