Top Searches
Advertisement

I G Petrochemicals Announces ₹10 Dividend and Green Light for Pyrolysis Oil Project

Updated: May 19, 2025 18:59

Image Source: IndianCompanies.in
I G Petrochemicals Ltd (IGPL), a leading manufacturer in the petrochemicals sector, has made headlines with two major announcements: a substantial ₹10 per share dividend for FY25 and board approval to set up a new pyrolysis oil production project, signaling an ambitious push into sustainable specialty chemicals.
 
Key Highlights:
  • Generous Dividend Declared: The Board has recommended a final dividend of ₹10 per equity share for the financial year ended March 2025, matching its highest historical payouts and reflecting IGPL’s strong cash position and commitment to rewarding shareholders. The company has maintained a robust dividend track record, with recent payouts ranging from ₹7.5 to ₹10 per share.
  • Pyrolysis Oil Project Approved: IGPL has received board approval to establish a new project for the production of pyrolysis oil, a key feedstock for the circular economy and sustainable chemical manufacturing. The project is expected to be operational before September 2025, pending regulatory clearances, and will further diversify IGPL’s product portfolio into green and value-added segments.
  • Capacity Expansion and Innovation: This move follows the recent commissioning of IGPL’s PA-5 phthalic anhydride plant, which has boosted total capacity and is projected to add ₹500 crore in annual revenue. The company’s focus on specialty chemicals and sustainable products positions it at the forefront of industry innovation.
  • Financial Strength: IGPL’s consistent profitability and prudent capital management underpin its ability to invest in new projects while maintaining shareholder returns.
With these strategic initiatives, IGPL is set to strengthen its leadership in the petrochemicals industry while advancing its sustainability agenda.
 
Source: INDmoney, IG Petrochemicals (Investor Call), BlinkX, ET Money, Eulerpool

Advertisement

STORIES YOU MAY LIKE

Image Source: Pharma Walk
Pharma Power Play: Marksans Marks Q4 with Stellar Profits and Revenue Surge
Image Source: Deccan Herald
Mitchell Marsh, Markram Power Lucknow Super Giants to 205/7
Image Source: India Seatrade News
Setting Sail for Expansion: Adani Ports Eyes New Funding Channel with NCD Proposal
Advertisement
Image Source: Facebook
DLF’s Q4: Building Profits, Breaking Records, and Boosting Dividends-A Triple Treat!
Image Source : Entrackr
Magicpin’s MagicNow Set to Transform Quick Commerce with 20% Food Delivery Share
Image Source: BestMediaInfo
Redington Posts Q4 Success, Declares ₹6.8 Dividend Per Share
Image Source: Companies History
Power Grid Corporation Reports Good Q4 Performance with ₹122.75 Billion Revenue
Advertisement
Live Blogs
Gill, Sudharsan Steal Spotlight as Gujarat Titans Clinch IPL 2025 Playoff Spot with Commanding Win
Sunil Joshi Applauds Harpreet Brar’s Game-Changing Spell in Punjab Kings’ Crucial IPL Win
Harpreet Brar’s Thigh-Slap Celebration Steals the Show as PBKS Edge Out RR in IPL 2025 Thriller
India’s EOS-09 Satellite Launch Fails Due to Third-Stage Malfunction
Top Stories
Image Source: The Hans India
Greener Gold: India’s Oil Palm Revolution Promises a Rich Harvest for Economy and Farmers
Image Source: Facebook
Coal India Subsidiaries Set to Dig Deep into Dalal Street with Upcoming IPOs
Image Source: X.com
Equity Expansion Alert: Sanjivani Paranteral Converts Warrants, Boosts Paid-Up Capital
Image Source: Business Standard
ICICI Bank Hits Pause on Hiring Spree: Digital Dreams, Not Desk Jobs, Drive FY26 Strategy
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine