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IG Petrochemicals Ltd.

BSE: 500199 | NSE: IGPL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE204A01010 | SECTOR: Chemicals

BSE Live

Mar 05, 16:00
524.00 0.40 (0.08%)
Volume
AVERAGE VOLUME
5-Day
13,201
10-Day
9,417
30-Day
10,447
41,257
  • Prev. Close

    523.60

  • Open Price

    540.50

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Mar 05, 15:58
521.60 -0.45 (-0.09%)
Volume
AVERAGE VOLUME
5-Day
186,960
10-Day
122,841
30-Day
115,183
332,252
  • Prev. Close

    522.05

  • Open Price

    545.00

  • Bid Price (Qty.)

    521.60 (8594)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2016 2015 2014 2013 2012 2002

Chairman's Speech

Dear Shareholders, As you are all aware, the year 2012-13 was another challenging year for the global economy. The debt-repayment crisis in Eurozone dominated world headlines, particularly in the middle of 2012 as Greece dangerously tottered towards bankruptcy. While the heads of governments in Europe did a commendable job of ensuring that the Euro did not collapse, the crisis again returned in March 2013 with banks in Cyprus. One bright spot was the rebounding of the US economy, led by a resurgent corporate sector. Brent crude oil prices remained over US$ 100 per barrel for most part of 2012, averaging US$ 111.67 per barrel, slightly higher than an average of US$ 111.26 per barrel in 2011. In India, the year 2012-13 was a year that saw growth come down to 5 per cent, the lowest in the last decade. The Indian Rupee continued to weaken against the US Dollar, breaching the psychological barrier of 57.12 on 22nd June 2012. Inflation continued to cast a long shadow on the monetary policy of the government. In spite of the strong global and domestic headwinds, the Company has delivered an outstanding performance for the year. The total production during the year was 1,06,662 MT. The plant achieved a capacity utilisation of 91.86 per cent during the year. For the first time, we crossed the RUPEES ONE THOUSAND CRORE milestone - our Revenue from Operations (Gross) for the year was Rs. 1067.18 crores compared to Rs. 955.37 crores for the previous year, an improvement of 11.7 per cent. The outlook for the PA industry continues to remain positive with new application areas being discovered. In spite of its phenomenal growth in the last decade, India still has one of the lowest per capita consumption of plastics in the world. There is a tremendous scope of use of plastics and polymers in industries like infrastructure, irrigation, electrical, paints, pigments and many more. End-users of all these industries are making substantial investments to ramp up their capacities in anticipation of higher demands. This augurs extremely well for the PA industry in general and IG Petrochemicals in particular. Our brown-field expansion of an additional 50,000 MT capacity is progressing on schedule, and we are expecting this to commence in the second quarter on this year. We are also looking at opportunities where we can forward integrate processes and align our additional capacities to create more value added products. Not only would this result in mitigation of risks, but would also open up new avenues for growth and contribute handsomely to the bottom-line of the Company. I would like to take this opportunity to express my heartfelt gratitude to all employees of the Company for their sincere efforts and hard-work. I would also like to thank all our suppliers, customers, bankers and investors for their trust and faith in the Company. Thank you, Yours sincerely, MM Dhanuka Chairman