https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

GAIL Re-engages INEOS for Revival of PTA Manufacturing Plant at Mangalore

GAIL Mangalore Petrochemicals Limited (GMPL) has renewed its collaboration with INEOS to support the plant’s revitalization
Indian Masterminds Stories

GAIL (India) Ltd, a Maharatna PSU, has re-engaged a process licensor for the revival of its PTA manufacturing plant in Mangalore, the company announced on Thursday. Through its fully owned subsidiary, GAIL Mangalore Petrochemicals Limited (GMPL), the company has renewed its collaboration with INEOS to support the plant’s revitalization. This partnership was formalized with the signing of an Amendment Agreement.

The statement highlights that this marks a significant milestone in the revival of GMPL’s 1.25 million tonnes per annum purified terephthalic acid (PTA) manufacturing plant located in the Special Economic Zone (SEZ) in Mangalore.

The original agreement with INEOS was signed by JBF Petrochemicals (JBF), but the project was not realized due to JBF’s insolvency proceedings. Following GAIL’s acquisition of JBF through the Corporate Insolvency Resolution Process (CIRP) under the National Company Law Tribunal (NCLT) in June 2023, GAIL is now working to address the legacy challenges and ensure the plant’s successful operation and long-term stability.

Mr. Ayush Gupta, GMPL Chairman and GAIL Director (HR), stated, “Through this strategic partnership and renewed focus, GAIL aims to position GMPL as a key player in the domestic PTA market, contributing to the growth of the country’s petrochemical manufacturing sector.

Mr. RK Singhal, GAIL Director (Business Development), added, “The successful realization of this project is expected to reduce India’s import burden while strengthening the country’s manufacturing capabilities in the petrochemical sector.

The renewed agreement with INEOS, signed on Wednesday, is expected to improve the plant’s operational efficiency and better align its production capabilities with market demands. INEOS, a global leader in petrochemicals, specialty chemicals, and oil products, will play a crucial role in enhancing the plant’s output.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
IPS Y
What Killed an Honest IPS? Y Puran Kumar's 9 Page Suicide Note Unlocks Secrets of Job Stress, Names 3 Top Officials
CM Mohan Yadav
Madhya Pradesh CM Mohan Yadav Urges IAS Officers to Drive Inclusive Development and Good Governance
Coal-Production-resized
India’s Coal Exports Rise 23.4% to 1.9 Million Tonnes in FY 2024-25, Boosting Regional Energy Security
Rail News
Cabinet Approves ₹24,634 Crore Multi-Tracking Railway Projects to Enhance Connectivity in Four States
UPPSC_UPPCS_resized
PCS Pre Exam 2025: UPPSC Implements Digital Lockers and Iris Scanning for Enhanced Exam Security
IAS Surendra Singh
Who Is IAS Surendra Singh? Officer Reappointed as Secretary to UP CM Yogi Adityanath After Delhi Deputation
Ministry of Coal
Coal Ministry Hosts Stakeholder Meet to Develop Dedicated CSR Framework for Indian Coal Sector
Surya-Ghar-Muft-Bijli-Yojana
PSBs Sanction Over 5.79 Lakh Loans Worth ₹10,907 Crore Under PM Surya Ghar Muft Bijli Yojana
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
ADVERTISEMENT
UPSC Stories
Jitendra Baghel MPPSC
7 Years, 4 Interviews, Now Dy.SP: How Jitendra Baghel Cracked MPPSC Through Relentless Struggle
Jitendra Baghel’s inspiring journey from a humble farming background to MPPSC Dy.SP showcases relentless...
IDES Saquib Alam
UPSC Strategy & Mindset Tips from IDES Officer Saquib Alam | Video Interview 
Discover how IDES officer Saquib Alam left his corporate job at Mahindra, overcame six UPSC attempts,...
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
IPS Y
What Killed an Honest IPS? Y Puran Kumar's 9 Page Suicide Note Unlocks Secrets of Job Stress, Names 3 Top Officials
CM Mohan Yadav
Madhya Pradesh CM Mohan Yadav Urges IAS Officers to Drive Inclusive Development and Good Governance
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IDES Saquib Alam
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
ADVERTISEMENT
ADVERTISEMENT