Press Release dated 16th July 2025
MANALIPETC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.2 pts more than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Manali Petrochemicals Limited (MPL) inaugurated its expanded Propylene Glycol (PG) plant at Plant II in Manali, Chennai. The expansion adds 50,000 tonnes per annum (KTPA) of new capacity, taking total PG capacity to about 72,000 KTPA from the earlier 22,000 KTPA. Commercial operations will begin once the company receives the Consent to Operate (CTO) from the Tamil Nadu State Pollution Control Board. The expansion aligns with the government's 'Make in India' and 'Atmanirbhar Bharat' vision and is aimed at reducing India's import dependence for Propylene Glycol. MPL is part of Singapore-headquartered AM International Group.
More than doubling of Propylene Glycol capacity is a significant growth step that should boost future revenues and market share once CTO is received. Positive medium-term signal for shareholders, though near-term stock impact may be limited since the commissioning is pending regulatory clearance.