Business Update11 Aug 2025, 04:50 pm
IG Petrochemicals Ltd. to Liquidate Subsidiary, Delays Plasticizer Plant Completion
AI Summary
IG Petrochemicals Ltd. has announced the decision to liquidate its wholly owned subsidiary, IGPL Energy Limited, as no business has commenced. The company had previously communicated about the incorporation of this subsidiary in Jebel Ali Free Zone, Dubai. Additionally, the timeline for the completion of a plasticizer plant has been extended to December 2025.
Key Highlights
- IG Petrochemicals Ltd. to liquidate its subsidiary, IGPL Energy Limited
- No business has commenced in IGPL Energy Limited
- Plasticizer plant completion timeline extended to December 2025