I G Petrochemicals plans to expand its phthalic anhydride capacity from 1,69,110 tpa to 2,22,110 tpa at Plot No. T-2, MIDC Taloja, Panvel, in Raigarh district of Maharashtra. The estimated cost of the project is Rs 400 crore.
The project will also include a plasticizers unit with a capacity of 62,500 tpa.
Terms of Reference (TOR) has been granted to the project. The contractor and machinery supplier is yet to be finalised.
Work on the project is expected to commence by December 2016.