Mangalore, Nov. 6 -- Mangalore: GAIL Mangalore Petrochemicals Limited (GMPL), a wholly owned subsidiary of GAIL (India) Ltd has successfully commissioned its 1.25 MTPA Purified Terephthalic Acid (PTA) manufacturing plant located in the Mangalore Special Economic Zone (MSEZ), Karnataka.
The plant was originally established by JBF Petrochemicals Limited (JBPL), which subsequently underwent Corporate Insolvency Resolution Process (CIRP). In the year 2023, GAIL acquired JBPL through the CIRP, pursuant to the Resolution Plan approved by the NCLT and subsequently undertook extensive revival and refurbishment of the plant. The successful commissioning is the culmination of an extensive revival and refurbishment exercise undertaken by GAIL, involving significant engineering, technological and operational challenges.
The successful commissioning represents a significant milestone for GAIL in its strategic endeavour to strengthen its presence in the downstream petrochemical sector. It is a testament to GAIL's commitment, sustained management support and the collective efforts of GMPL-Team, technology partners, consultants, contractors and other stakeholders.
This achievement marks not merely the revival of an industrial asset, but the realisation of a strategic vision and the beginning of a new chapter in GAIL's petrochemical growth journey.
Published by HT Digital Content Services with permission from Millennium Post.