2 hrs ago
Adperma Eyes Public Listing, Expands Phenol and Acetone Production
Adperma is a company that makes specialty chemicals and plastics materials.
It is opening a large plant in Haldia to make phenol and acetone.
These chemicals are used to make things such as plastics, coatings, medicines, and personal-care products.
The plant can make 345,000 tonnes of phenol and 215,000 tonnes of acetone each year.
India currently imports about half of its need for these chemicals.
Adperma says the plant could help meet more of that need in India.
The company may increase production as demand grows.
It is also thinking about selling shares to the public, but has not set a plan or date.
Adperma is considering a public listing, but has no firm plan or timeline.
Its new Haldia plant, set to be inaugurated on 14 October, can produce 345,000 tonnes of phenol and 215,000 tonnes of acetone annually.
The plant was developed with an investment of ₹6,000 crore and could help reduce India’s imports of the chemicals.
Adperma may scale phenol capacity beyond 345,000 tonnes per year within three to four years as markets grow; the facility could reach 400,000 tonnes with minor investment.
The company is also identifying projects that use phenol and acetone as raw materials to increase the value generated from its production.
- Who
- Adperma Pvt. Ltd., whose executive director Navanit Narayan also leads Haldia Petrochemicals.
- What
- Adperma is preparing to open a phenol and acetone plant, considering higher production and evaluating a possible public listing.
- Where
- Haldia, West Bengal, India.
- When
- The plant is scheduled to be inaugurated on 14 October; no year is stated.
- Why
- To meet growing demand, reduce reliance on imports, and develop downstream projects that use phenol and acetone.
Key facts
- Plant investment
- ₹6,000 crore
- Phenol capacity
- 345,000 tonnes per annum
- Acetone capacity
- 215,000 tonnes per annum
- Potential phenol capacity
- The plant could reach 400,000 tonnes per annum with minor investment.
- India's import dependence
- India imports about 50% of its requirement for phenol and acetone.
- Market size
- India's phenol and acetone market is valued at around ₹20,000 crore.
- Public listing
- Internal discussions are underway, with no concrete roadmap or timeline.
Quotes
Navanit Narayan
Adperma executive director and Haldia Petrochemicals managing director and CEO
“So, as the market develops and evolves, our plant can go up to 400,000 tonnes. With some minor investment, we can scale up. The first year or two will be stabilizing operations and the market. We expect the market to grow by 8% to 10%. And as the market size increases, say in the next three to four years, we should be looking at going beyond 345 KTPA (kilo tonnes per annum).”
livemint.com
“So far, we have been raising debt, and with equity coming from the group itself, we have been able to grow. And as we grow further, I think we will look at AdPerma going public. So that's something that we will definitely evaluate at the right time.”
livemint.com
Sources
Related news
Naidu Fast-Tracks BPCL’s Ultra-Mega Ramayapatnam Refinery Project Plan
Indian Oil’s Gujarat Refinery Plans Polypropylene Production by Fiscal Year-End
Land Push Revives IOC’s Delayed Haldia Petrochemical Expansion Plans
Prasol Chemicals Targets Higher-Value Products at Half of Business
Three Indian Specialty Chemical Smallcaps Ride A China+1 Shift
Three Growth Stocks Near Highs With Low PEG Ratios
Suvendu Adhikari Plans Mukesh Ambani Meeting to Boost Bengal Investment
Suvendu Announces New Industry Projects and Hospital Plans
India Eyes USD 1 Trillion Chemicals Sector by 2040
Bhogapuram Airport and Mulapeta Port to Drive VRZ Growth
