GAIL Subsidiary Commissions 1.25 MTPA PTA Plant in Mangalore
GAIL Mangalore Petrochemicals Limited (GMPL), a wholly owned subsidiary of GAIL (India) Limited, has successfully commissioned its 1.25 million tons per annum (MTPA) Purified Terephthalic Acid (PTA) manufacturing plant in Mangalore. The plant, originally belonging to JBF Petrochemicals Limited, was acquired by GAIL in 2023 through a corporate insolvency resolution process. Following extensive revival and refurbishment, the plant's commissioning marks a significant step for GAIL in strengthening its downstream petrochemical presence. PTA is a key raw material for polyester products, and this facility is expected to boost India's domestic PTA capacity, reduce import dependence, and support the polyester industry. GAIL will market the product under the brand name 'G-Tex'.
Key Highlights
- GAIL subsidiary commissions 1.25 MTPA PTA manufacturing plant.
- Acquired and revived plant from JBF Petrochemicals via NCLT process.
- Strengthens GAIL's downstream petrochemical sector presence.
- Aims to reduce India's PTA import dependence.
- Product to be marketed under 'G-Tex' brand.
Price Impact
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