Manali Petrochemicals Limited (MPL), to invest Rs 150 crore in ramping annual production capacity of propylene glycol (PG) - 2020

Manali Petrochemicals: Microcap
  • Propylene Glycol
  • The Indian Propylene Glycol (PG) market has largely been dominated by imports
  • Propylene Glycol is a consumable used in Pharma & Fragrance Industries as carrier and Polyol is used as one of the ingredients to manufacture foam for seating, mattress, refrigeration, automotive segment usage and also used in Building & Construction industry   
  • Company specializes in the manufacture of Propylene Glycol, Polyether Polyol, and related substances. It is the sole domestic producer of Propylene Glycol and the first and largest Indian manufacturer of Propylene Oxide, a key input for these derivative products.  
  • PG is commonly used as a drug solubilizer in topical, oral, and injectable medications, a stabilizer for vitamins, and as a water-miscible co-solvent. The Food and Drug Administration (FDA) has approved PG as a safe additive for human consumption, particularly in pharmaceuticals and food formulations. Additionally, PG is used as a moisturizer in cosmetics and as a dispersant in fragrances. It also finds industrial applications in manufacturing resins and other products. 
  • Polyols are produced in four grades: Flexible Slabstock, Flexible Cold Cure, Rigid and Elastomers. They are utilized across various industries including automotive, refrigeration and temperature control, adhesives, sealants, coatings, furniture, and textiles. The use of Polyols is also expanding in footwear and roofing applications in India    
  • Company is the largest Indian manufacturer of Propylene Oxide and Propylene Glycol. Company shall strive to be the most innovative, customer-centric and sustainable chemical manufacturing company. With this ambition comes responsibility and opportunity, Company has invested and initiated several steps to reduce GHG emissions such as adopting R-LNG as a primary fuel for manufacturing operations. Company already has R-LNG supplies for Plant 1 and it is in the process of receiving of R-LNG supplies for Plant 2 by on or before March 2025. As part of green initiative, Company has planted 15 hectares of plantation which is 40% of total land extent in line with regulatory norms (increased from 33% as stipulated earlier) to reduce the GHG emissions. Further, Company also exploring advanced technological machineries to improve the energy efficiency in the areas of utilities and boilers.  

Manali Petrochemicals Limited (MPL), to invest Rs 150 crore in ramping annual production capacity of propylene glycol (PG) - 2020


 

https://youtu.be/K1v4m3XG9RQ?si=k3XUltHOjvgkEsKu


  • Manali Petrochemicals Limited (MPL), has decided to invest Rs 150 crore in ramping up its annual production capacity of propylene glycol (PG) from 22,000 tonnes per annum to 70,000 tonnes per annum
  • The only manufacturer of PG in India, the company aims to expand its capacity by 48,000 tonnes in two phases  
  • The move is aimed to increase the domestic market of the MPL by reducing the dependence of the country on imports from China and Middle East countries  
  • The company said there is a huge demand for propylene glycol in India and a significant quantum of it is fulfilled by imports
  • The annual demand for PG in the country is estimated at about 100,000 tonnes, of which about 75,000 tonnes are imported from various countries
  • A sustainable strong demand for PG in the food and pharmaceutical sectors
  • The demand for PG in India is about 100,000 tonnes per annum which are estimated to grow by 5 per cent annually
  • The expansion will help MPL to cater to the rising demand of PG
  • The substitution of imports will save significant import bills and will also propel India towards self-sufficiency in PG production capability  

 Thank you for contacting Rounaq! Please let us know how we can help you. 

Whatsapp: 7838491131

SEBI registered RA : Rounaq Bakshi
Waheguru

Comments

Post a Comment

Popular posts from this blog

Transcript of NMDC Limited post Q4 & FY 2024-25 Results

Image
Transcript of NMDC Limited post Q4 & FY 2024-25 Results Growth in PAT on an annual or a year-on-year 12-month basis of around 19% and PBT after exceptional item of around 16% Gold operations in Legacy, the first year was have also stabilized Legacy in the last 2 months, 3 months.  And hopefully, in this financial year, Legacy would also be showing good profits IMPORTS India which imports around 55 million, 60 million tons is likely to go up to 150 million to 160 million tons of import for India in terms of coking coal.  Have entered into arrangement with SAIL 60% of total sales as of date is routed through SAIL because send it to their stocking yard.  So based on the user charge, they also market mmdc products 40% still Nmdc market directly in terms of HR coils 2025 year will be much more substantially action packed in terms of NMDC Open new mines within India, coal and iron ore Outside India, we hope to acquire a few mines.  This will be a year where it will be ...
Read more

Looking to park some excess funds for the short term.?

Image
Looking to park some excess funds for the short term.  LiquidBeES by Nippon - has been the default choice for years. But lately, it’s become muscle memory to run everything past ChatGPT.  Just a quick: “Is there a better option than LiquidBeES?” It turns out, there is.  LIQUIDCASE by Zerodha AMC.  Difference was not subtle and decision was easier : - Expense ratio: Less than half of LiquidBeES - Net returns: ~6.2% vs ~5.7% (1-year annualized) - Same safety, same liquidity - AUM already >1/3rd of LiquidBeES in record time This is how discovery is changing. And this is how smart products go viral. Zerodha didn’t try to educate the market.  Discovery is no longer driven by ads or advisors.  It’s driven by habit, trust, and tools like ChatGPT. And when you get it right, traction follows fast. I won’t be surprised if LIQUIDCASE overtakes LiquidBeES in under 18 months. Thank you for contacting Rounaq! Please let us know how we can help you.  About me :...
Read more

𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚?

Image
  𝐖𝐡𝐲 𝐃𝐨 𝐍𝐑𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚? Whether you're living in the US, UAE, UK, or Singapore; India continues to be a hotspot for wealth creation. But why do so many NRIs still invest here? Here’s why 👇 ✅ Higher Returns – Indian equity markets, mutual funds, and even fixed deposits offer attractive long-term returns. ✅ Tax-Free Income – Interest from NRE and FCNR deposits is tax-free in India. Plus, DTAA helps avoid double taxation. ✅ Currency Edge – You invest in INR, and with the right timing, your gains in foreign currency terms could be even higher. ✅ Diversification – Indian assets like gold, real estate, and stocks add balance to a global portfolio. ✅ Future Ready – Planning to return to India someday? Build your base early with property or retirement-focused investments. ✅ Emotional Roots – Beyond numbers, India is still home. 💡 Whether it’s for wealth creation, retirement planning, or building assets back home, India offers a solid mix of growth + stability...
Read more