| Chemicals (Phthalic Anhydride and derivatives) | Manufacture and sale of petrochemical intermediates and derivatives used in plasticizers, resins, paints, and coatings. | Largest capacity in India for PAN, sole MAN producer domestically, established customer relationships, cost-efficient plant operations. | B2B clients in plasticizers, paints, coatings, PVC compounds, dyes, pigments, unsaturated polyester and alkyd resins industries. | Advanced Plasticizers and downstream specialty chemicals with higher value addition. | 2206 | 93 | Sales revenue from chemical products primarily to B2B clients across multiple industries. | Primarily contract sales and negotiated pricing with customers based on volume and market conditions. | Rising demand from infrastructure, plasticizers, paints, and diversified end-use applications. | Phthalic Anhydride (PAN), Maleic Anhydride (MAN), Benzoic Acid, Di-ethyl Phthalate (DEP) |
| Renewable Energy and New Business Initiatives | Development and operation of green energy projects and downstream specialty chemical products. | First mover advantage in Plasticizer production expansion; leveraging existing chemical expertise for green energy diversification. | B2B customers in specialty chemicals and clean energy sectors; targeting new markets for green energy products. | Specialty plasticizers and green energy products. | 160 | 7 | Revenue from sale of advanced plasticizers and biogas; strategic diversification to reduce dependency on core PAN business. | Project-based revenues and product sales; expected to have recurring revenue streams post commissioning. | Government support for renewable energy, increasing demand for specialty chemicals, forward integration strategy. | Compressed Biogas Plant, Advanced Plasticizer Plant (upcoming) |
