Thrust on infrastructure to boost phthalic anhydride demand: Nikunj Dhanuka

IG Petrochemicals Ltd (IGPL), which recorded revenues of Rs 748.20 crores for nine months of FY17, reported a whopping increase of 284 percent (year-on-year) in PAT for the quarter ended December 2016. One of the leading producers of phthalic anhydride (PA), IGPL attributed this performance to improved market conditions and enhanced operational & process efficiency of the company. 

Phthalic anhydride (PAN), a downstream product of orthoxylene (o-xylene), is used in a variety of application in both consumer durables to non-consumer durables. With the government increasing spend on infrastructure, Nikunj Dhanuka, managing director & CEO, IG Petrochemicals Ltd, expects the demand for