Adperma Pvt. Ltd, a speciality chemicals and advanced polymers subsidiary of Haldia Petrochemicals Ltd backed by Indian Oil Corp, is exploring a public listing while preparing to inaugurate its first phenol plant on 14 October. The new facility in Haldia, West Bengal, has a capacity of 345,000 tonnes per annum of phenol and 215,000 tonnes per annum of acetone, developed with a capital expenditure of ₹6,000 crore, according to managing director Navanit Narayan.
The phenol and acetone produced at the plant will be used to manufacture polycarbonate plastics and epoxy resins, which are essential for lightweight, shatterproof plastics in the automotive, electronics, and protective coatings industries. Narayan, who is also the managing director and CEO of Haldia Petrochemicals, said the company has identified downstream projects that will use these chemicals as raw materials to maximize the value of the investment. Adperma currently operates a 9,000 tonne per annum facility producing refined low molecular weight polyethylene wax used in paints, coatings, and cosmetics.
India imports about half of its phenol and acetone requirements, primarily from West Asia and Southeast Asia. The new plant aims to reduce this import dependence by boosting domestic production. The expansion aligns with the broader push to strengthen India’s chemical manufacturing capabilities and reduce reliance on imports in key industrial chemicals. Adperma’s move to go public could provide additional capital to support its downstream expansion plans and increase its market presence.
The phenol plant inauguration is scheduled for 14 October, marking a key milestone for Adperma’s growth strategy. The company’s plans to list publicly and expand downstream production indicate a significant step in scaling its operations within India’s speciality chemicals sector, which is critical for various manufacturing industries.