I G Petrochemicals Limited Recommends Dividend for the Year Ended 31 March, 2021, Payable on or After 28 July, 2021
June 28, 2021 at 03:33 pm IST
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The Board of Directors of I G Petrochemicals Limited have recommended a dividend of INR 7.50 per equity share having face value of 10/- each (75%) for the year ended 31st March, 2021. Dividend Payment Date: on or after 28th July, 2021.
I G Petrochemicals Limited (IGPL) is engaged in the manufacturing of phthalic anhydride and maleic anhydride. The Company is engaged in the manufacture and sale of organic chemicals. It also produces benzoic acid and diethyl phthalate (DEP). Phthalic Anhydride is used in poly vinyl chloride (PVC) products, pipes and hoses, boxes, container, and shoes, wires, and cables; alkyd resins and paints, such as paints, lacquers, dyes insect repellents, and urethane polyester polyols, and unsaturated polyester resin, such as thermostat for manufacturing of fiberglass-reinforced plastics. Benzoic Acid is used in perfumes, dyes, topical medications, insect repellants, and food preservatives. Maleic Anhydride is used in the manufacturing of lubricating oil additives, personal care products, water treatment, detergents, insecticides and fungicides, and unsaturated polyester resins (UPR). It produces maleic anhydride through wash water generated out of the production process.