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Latest news about IG Petrochemicals

DGTR Initiates Review Investigation on Phthalic Anhydride Imports from China, Korea, and Thailand 7 days ago

India's DGTR has launched a review investigation on phthalic anhydride imports from China, Korea, and Thailand. This regulatory action affects the domestic petrochemical industry, including companies like IG Petrochemicals. The investigation will assess current trade measures and their impact on domestic manufacturers of this key industrial chemical.

Rama Petrochemicals Reports Widened Q3FY26 Loss at ₹192.81 Lacs Amid Revenue Decline 9 days ago

Rama Petrochemicals Converts 15.96 Lakh Warrants into Equity Shares, Raises ₹119.73 Crores Jan 23, 2026

MRPL Shares Jump 7% After Three-Day Decline, Eyes Venezuelan Oil Purchases Jan 21, 2026

MRPL Reports Exceptional Q3FY26 Results with EBITDA of ₹27.8bn; Prabhudas Lilladher Sets ₹162 Target Jan 20, 2026

More news about IG Petrochemicals

10Dec 25

IG Petrochemicals Completes Acquisition of IG Biofuels, Establishing Wholly Owned Subsidiary

IG Petrochemicals Limited has successfully completed its strategic acquisition of IG Biofuels Ltd., establishing it as a wholly owned subsidiary effective December 9, 2025. The completion was officially announced through regulatory filings to BSE and NSE, maintaining full compliance with SEBI listing regulations and marking the culmination of a process initiated in May 2023.

13Nov 25

IG Petrochemicals Seeks Shareholder Approval for Appointment of Sanjoy Datta as Independent Director

IG Petrochemicals Limited has initiated a postal ballot to appoint Sanjoy Datta as an Independent Director for a five-year term from November 3, 2025, to November 2, 2030. Datta, with over 36 years of experience in financial services and consulting, was previously the Chief Transformation Officer at Deloitte Asia Pacific. The voting period is from November 16 to December 15, 2025, with results to be declared by December 17, 2025. The Board of Directors recommends shareholders approve this appointment.

07Nov 25

IG Petrochemicals Reports Mixed Q2 Results, Expands into Biofuels

IG Petrochemicals, India's largest Phthalic Anhydride manufacturer, reported a 19.7% YoY decline in Q2 revenue to Rs 471.60 crores and a 95.1% drop in PAT to Rs 1.40 crores. The company cited low domestic demand for PAN as the primary reason. Despite challenges, IG Petrochemicals announced strategic initiatives including the acquisition of IG Biofuels Ltd, plans for a new plasticizer plant, and product diversification efforts. The company prepaid Rs 40 crores in term loans and maintained its India Rating of IND AA-/Stable/IND A1+. Q2 profit was impacted by a Rs 3 crores mark-to-market loss and a Rs 5 crores fixed asset write-off.

03Nov 25

IG Petrochemicals Appoints New Director, Extends Plasticizer Plant Timeline, and Invests in Biofuels Subsidiary

IG Petrochemicals Limited (IGPL) has made several key decisions: appointed Shri Sanjoy Datta as Non-Executive Independent Director for a five-year term, extended the completion timeline for its plasticizer plant to March 2026, and approved an investment of up to Rs 100.00 crores in its wholly-owned subsidiary, IG Biofuels Limited (IGBL). The investment in IGBL aims to develop and operate compressed bio-gas production plants, potentially with joint venture partners. IGPL also plans to acquire 700 shares of IGBL from existing individual shareholders.

03Nov 25

IG Petrochemicals Reports Revenue Decline but Profit Improvement in Q2 FY2026

IG Petrochemicals Ltd (IGPL) reported Q2 FY2026 results with revenue from operations at Rs. 47,006.63 lakhs, down 19.40% from Q1. However, the company turned profitable with a net profit of Rs. 142.00 lakhs, compared to a loss in the previous quarter. Half-year revenue stood at Rs. 1,05,302.49 lakhs with a net profit of Rs. 6,374.40 lakhs. IGPL initiated liquidation proceedings for IGPL Energy Limited during the quarter.

03Nov 25

IG Petrochemicals Invests ₹100 Crore in Biofuels Subsidiary, Extends Plasticizer Plant Timeline

IG Petrochemicals Limited (IGPL) has approved a ₹100 crore investment in its wholly-owned subsidiary, I G Biofuels Limited (IGBL), to explore opportunities in biofuels and compressed bio-gas production. IGPL will acquire 700 shares of IGBL at face value, making it a wholly-owned subsidiary. The company has also extended the completion timeline for its plasticizer plant to March 2026. Additionally, Shri Sanjoy Datta has been appointed as a Non-Executive Independent Director, effective November 3, 2025, for a five-year term, subject to shareholder approval.

15Oct 25

Mangalore Refinery Swings to Rs 627 Crore Profit in Q2, Revenue Surges 31%

IG Petrochemicals has reported a remarkable financial turnaround in Q2 FY24. The company swung to a consolidated profit of 627.00 crore from a loss of 271.00 crore in Q1 FY24. Revenue increased by 30.5% to 22,649.00 crore. For H1 FY24, the company reported a profit of 367.00 crore, compared to a loss in H1 FY23, despite lower revenue. The Devangonthi terminal achieved its highest monthly dispatch of 65.40 TKL in September. India Ratings & Research affirmed the company's credit rating at IND AA-/Stable/IND A1+.

11Aug 25

IG Petrochemicals Reports Sharp Decline in Q1 Profitability, Extends Timeline for Plasticizer Plant

IG Petrochemicals Ltd (IGPL) reported a significant decline in Q1 financial performance. Revenue decreased by 19.7% to ₹470.05 crore, while EBITDA fell by 96.4% to ₹2.20 crore. The company's net loss reduced to ₹8.20 crore from ₹35.40 crore in the previous year. IGPL also announced the liquidation of its Dubai subsidiary, IGPL Energy Limited, and extended the completion timeline for its plasticizer plant project to December 2025.

11Aug 25

IG Petrochemicals to Wind Up Dubai Subsidiary and Delays Plasticizer Plant Completion

IG Petrochemicals Ltd (IGPL) has decided to liquidate its Dubai subsidiary, IGPL Energy Limited, due to inactivity since its December 2023 incorporation. The company also delayed the completion of its plasticizer plant to December 2025. IGPL reported a challenging Q1 FY2026, with revenue dropping 19.67% year-over-year to Rs. 47,004.63 lakhs and a net loss of Rs. 821.41 lakhs, compared to a profit of Rs. 3,543.28 lakhs in Q1 FY2025.

21Jul 25

Mangalore Refinery Shares Plunge 8% on Q1 Loss of Rs 271.97 Crore

IG Petrochemicals' shares fell over 8% to Rs 136.77 after reporting a standalone loss of Rs 271.97 crore for Q1. Revenue declined 29% to Rs 17,356.00 crore, and operating income dropped 84% to Rs 180.00 crore. The company attributed poor performance to an extended refinery shutdown and declining exports. Despite the setback, the stock has gained 35% over the past year and 6% year-to-date.

18Jul 25

Mangalore Refinery Reports Rs 271.97 Crore Loss in Q1, Revenue Grows 24% YoY

IG Petrochemicals posted a standalone loss of Rs 271.97 crore for Q1, contrasting with a profit of Rs 363.4 crore in the same quarter last year. Revenue increased by 24% YoY to Rs 17,356.2 crore, but operating income fell 84% to Rs 179.6 crore. EBITDA margin remained flat at 1%. The company's stock closed 1.16% higher at Rs 149.21 on NSE, despite a 34.88% decline over the past year. Analyst recommendations are mixed, with an average price target of Rs 135.75.

20May 25

I G Petrochemicals Reports Q4 Profit Surge, Announces Dividend and New Project

I G Petrochemicals reported a net profit of ₹210.00 million for the latest quarter, a 128% increase year-over-year. Revenue declined 13.36% to ₹4.80 billion. The company recommended a dividend of ₹10.00 per equity share and approved a new project for pyrolysis oil production.

19May 25

I G Petrochemicals Approves Pyrolysis Oil Project, Declares Dividend, and Reports Q4 EBITDA Growth

I G Petrochemicals has approved a new pyrolysis oil production project, declared a ₹10.00 per share dividend, and reported impressive Q4 results. The company's EBITDA increased by 87.30% year-over-year to ₹489.00 million, with EBITDA margin expanding from 4.71% to 10.18%.

13Mar 25

I G Petrochemicals Announces Virtual Analyst and Investor Meeting

I G Petrochemicals Ltd (IGPL) has announced a virtual meeting with analysts and investors on March 19, 2025, from 4:00 PM to 5:00 PM. The company aims to discuss publicly available information, emphasizing that no unpublished price sensitive information will be shared. This meeting, compliant with SEBI regulations, demonstrates IGPL's commitment to transparent stakeholder communication.