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THE SUMMER TRAINING REPORT

ON
“EXPORT DOCUMENTATION
IN
INDIA GLYCOL LTD. ”
Submitted to
GRAPHIC ERA UNIVERSITY
In partial fulfillment of the Requirements for the award
of Degree in
MBA (International Business)

Submitted to : Submitted by :
Mrs. Rupa Khanna Arpit Singh
Programme Coordintor MBA (IB/IT) Roll No : 1400046
Faculty of Management MBA (IB)
Graphic Era University

GRAPHIC ERA UNIVERSITY


(2008-2010)
Export Documentation in IGL -1- Graphic Era University,
Dehradun
Export Documentation in IGL -2- Graphic Era University,
Dehradun
DECLARATION

Hereby declare that the project report entitled “Export


Documentation” under Commercial Department submitted for the degree
of Master of Business Administration, is my original work and the project
report has not formed the basis for the award of any degree or similar
other titles. It has not been submitted to any other University or Institution
for the award of any degree or diploma.

Arpit singh

MBA (IB)

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CONTENT

Sl. No. Title of the Chapter Page No.


Acknowledgement 2
Preface 3
Executive Summary 4
1 Introduction : History Chemical Industries 5
2 Indian Chemical Industry 6
3 Internal Component of Indian Economy 12
4 Company Profile : India Glycol Ltd. 14
5 SWOT Analysis 16
6 Quality Through Advanced Technology 20
7 Product Profile 21
8 Chemical Performance in Various Industries 30
9 Raw Material list come from the supplier 52
10 Customer Oriented R&D support 54
11 Value addition at every step 55
12 Reaching in the customer 57
13 Export Documentation 58
14 Director Report Year ended March, 08 68
15 Quarterly Overview of the company 79
16 India Glycol get a Prudent push 81
17 Conclusions 83

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ACKNOWLEDGEMENT

It was a great privilege and good practical experience to do an industrial

training at INDIA GLYCOL LTD., KASHIPUR. I would like to express my

deep sense of gratitude to the staff of Commercial Department of IGL,

Kashipur for their timely support during my training period.

The guidance, help and co-operation of Mr. N.K. Sharma, Manager,

IGL, Kashipur is being a constant source of motivation and giving knowledge

about Export Documentation activities in an Organization.

I would also like to thank Mrs. Rupa Khanna Malhotra, Coordinator

MBA (IB/IT) for her guidance, critical comments, inspirational discussion and

helpful support to me in completing this report. I also express my sincere thanks

to Mr. Manish Bisht, Dean of Management Studies for providing us great

learning environment throughout course duration.

I am not able to express my thanks to my parents and family members

those always ready to support me morally and give me motivational power to do

this work effectively. I also thanks to my friends, who put the germs of idea

related to this project and extended their continued inspiration. This training was

a good exposure that will definitely help me in my professional career.

Arpit
Singh
MBA (IB)

Export Documentation in IGL -5- Graphic Era University,


Dehradun
PREFACE

The starting of the road of chemical industry and the status in the Indian
market are improving day by day. By some facts and figures you will get to
know the contribution of chemical industry in the economic growth of the
country. After this India Glycol Ltd. profile come in to picture, Its business
strategies by using world class technology different range of chemical products
and their performance in different industries.

If we talk about global market there are different products which are
export from the country with legal export documentation product. It also shows
SWOT analysis CSR and R & D support to reach the different customer
domestic as well as global. At the end director report will give us a financial
internal and external growth opportunities and its present performance. They
mainly emphasis are on the Industrial chemical products in all over the globe.

Arpit
Singh
MBA (IB)

Export Documentation in IGL -6- Graphic Era University,


Dehradun
EXECUTIVE SUMMARY

Playing every stroke of excellence India Glycol Ltd., Kashipur, has set
a strong foothold in the chemical industry. With the assistance of a well qualified
team, and brought a superlative range of Industrial Inorganic Chemicals and
laboratory chemicals etc. Today, IGL is well reckoned as one of the overriding
Laboratory Chemicals Manufacturers and as the most preeminent Industrial
Chemical exporter based in India. This report will tell you about how “A idle
stone could be become a weapon for person who knows its value” that means
how chemical transformed into a chemical industry and after a decade it become
a part of economic growth of the county.

The summer training report entitled “Export Documentation under


Commercial Department in India Glycol Limited, Kashipur, Uttarakhand” shows
the path of success and building a great valuable product for the development of
an industry as well as the presence in the global market.

This report provides all the information regarding “How an advice


became (India Glycol Ltd.) life of thousands of people”. Status of India Glycol
Ltd. in India and global market which produce different chemical products in
different industries. The report also highlighted how many products exported
globally by the firm and their presence in the global market as a strong chemical
player.

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INTRODUCTION

GLOBAL BASE CHEMICAL INDUSTRIES HISTORY

Chemical industries can be traced back to Middle Eastern artisans, who refined
alkali and limestone for the production of glass as early as 7,000 BC, to the Phoenicians
who produced soap in the 6th cent. BC, and to the Chinese who developed black
powder, a primitive explosive around the 10th cent. AD In the Middle Ages, alchemists
produced small amounts of chemicals and by 1635 the Pilgrims in Massachusetts were
producing saltpeter for gunpowder and chemicals for tanning. But, large-scale chemical
industries first developed in 19th cent. In 1823, British entrepreneur James Muspratt
started mass producing soda ash (needed for soap and glass) using a process developed
by Nicolas Leblanc in 1790. Advances in organic chemistry in the last half of the 19th
cent. allowed companies to produce synthetic dyes from coal tar for the textile industry
as early as the 1850s.

In the 1890s, German companies began mass producing sulfuric acid and, at
about the same time, chemical companies began using the electrolytic method, which
required large amounts of electricity and salt, to create caustic soda and chlorine. Man-
made fibers changed the textile industry when rayon (made from wood fibers) was
introduced in 1914; the introduction of synthetic fertilizers by the American Cyanamid
Company in 1909 led to a green revolution in agriculture that dramatically improved
crop yields. Advances in the manufacture of plastics led to the invention of celluloid in
1869 and the creation of such products as nylon by Du Pont in 1928. Research in
organic chemistry in the 1910s allowed companies in the 1920s and 30s to begin
producing chemicals for oil. Today, petrochemicals made from oil are the industry's
largest sector. Synthetic rubber came into existence during World War II, when the war
cut off supplies of rubber from Asia.

Since the 1950s growing concern about toxic waste produced by chemical
industries has led to increased government regulation and the establishment of the
Environmental Protection Agency (1972). The leakage of toxic chemicals at the Union
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Carbide plant in Bhopal , India (1984), was the worst industrial disaster in history and
heightened public concern about lax environmental regulations for chemical companies
in developing countries. Beginning in the 1980s, U.S. corporations faced expanding
competition from foreign producers, including some Third World oil producers who
have set up their own oil refining and petrochemical industries. In 1997 the U.S.
chemical industry produced about $389 billion worth of products and employed
1,032,000 workers. It exported about $71 billion worth of chemicals.

INDIAN CHEMICAL INDUSTRY

The chemical industry is one of the earliest domestic industries in India,


contributing considerably to both the industrial as well as economic growth of
the country since it achieved independence in 1947. The industry presently
produces around 70,000 commercial products, which range from toiletries and
cosmetics, to plastics and pesticides.

The wide and diverse range of products can be broken down into several
categories, which include inorganic and organic (commodity) chemicals, plastics
and petrochemicals, drugs and pharmaceuticals, dyes and pigments, pesticides
and agrochemicals, fine and specialty chemicals, and fertilizers.

With primary focus on modernization, the Govt. of India has taken an


active role in promoting the growth and development of Indian domestic
chemical industry. The Department of Chemicals & Petro-Chemicals that has
been part of the Ministry of Chemicals and Fertilizers since 1991, is responsible
for making policy making, planning, development, and regulation of the
industry. In the private sector, several organizations, including the Indian
Chemical Manufacturers Association, the Chemicals and Petrochemicals
Manufacturers Association, and the Pesticides Manufacturers and Formulators
Association of India, all work with the prime objective of promoting the growth
of industry and the export of Indian chemicals. For example, the Indian
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Chemical Manufacturers Association, represents a large number of Indian
companies, which produce and export a variety of chemicals, which have
legitimate commercial applications, but also can be used as precursors and
intermediates for production of chemical weapons.

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Overview
Growing at an average rate of 12.5%, the Indian chemical industry offers
a wide spectrum of opportunities for the investors both from India and the world.
The significant market potential, coupled with the existing pool of human
resources, and the comprehensive variety of resources in the country make it’s
profitable destination in the new millennium. In the world production of
chemicals, Indian industry stands at 12th position. Major segments of Indian
chemical industry include -

Pharmaceuticals & bulk drugs


In terms of volume and value, Indian pharmaceutical industry ranks 4th
and 13th respectively. In 2004, industry was valued at over $6 billion, which is
growing at an annual rate of 8 – 9 %. The industry can be divided into bulk
drugs segment and formulations, and manufactures about 60,000 finished
medicines and around 400 bulk drugs that are used in formulations.
Agrochemicals
One of the most dynamic pesticide producers in the world, India is the
second largest manufacturer of agrochemicals in Asia. Out of 145 pesticides
registered in the country, 85 of a technical grade are locally manufactured. The

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country has established itself as a global sourcing base for generic
agrochemicals.
Petrochemicals and organic chemicals
The petrochemical sector that primarily comprises polymers, synthetic
fibers, fiber intermediates and plastic processing is growing at at an annual rate
of 14%. At the world level, India stands 9th in terms of polymer consumption
and is expected to be the 3rd largest consumer of polymers after USA and China
by 2010. To meet the growing domestic requirement, 9 global size ethylene
crackers of 700 kt each would need to be set up by 2011–2012, over and above
the present capacity of 2.4 million tons.
Dyes
The Indian dye industry is valued at around US$ 3 billion, with exports of
about US$ 1 billion. The per capita consumption is very low (50 gms) as
compared to average global consumption (400gms). The industry is highly
fragmented with 50 players in organized sector and 900 in unorganized sector.
(400 gms). The industry has undergone tremendous over the years, starting as an
intermediate manufacturing industry to a full fledged industry with huge export
potential. At present, India's share of the dye output globally stands at 5%, with a
manufacturing capacity of 1,50,000 tons per annum.
Specialty chemicals
Specialty chemicals comprise fine chemicals and performance chemicals.
The Indian fine chemical industry is in a growth phase with an estimated worth
of US$ 700 million. The industry primarily caters to the pharmaceutical industry.
The Indian specialty chemicals industry is valued at an approximated worth of
US$ 3 billion.
Inorganic Chemicals
Characterized by high degree of fragmentation even across high volume
product areas, Indian inorganic chemicals industry account for less than 4.5 % of
global market. The sector comprises of production of chemicals, such as

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sulphuric acid, phosphoric acid, titanium dioxide, carbon black and chloralkali
industry, which forms a major part of inorganic sector.

Indian Chemical Industry Exporter History


The chemical industry is one of the earliest domestic industries in India,
contributing considerably to both the industrial as well as economic growth of the
country since it achieved independence in 1947. The industry presently produces
around 70,000 commercial products, which range from toiletries and cosmetics, to
plastics and pesticides. The wide and diverse range of products can be broken down
into several categories, which include inorganic and organic (commodity) chemicals,
plastics and petrochemicals, drugs and pharmaceuticals, dyes and pigments, pesticides
and agrochemicals, fine and specialty chemicals, and fertilizers.With primary focus on
modernization, the Govt. of India has taken an active role in promoting the growth and
development of Indian domestic chemical industry.

• Total US$30.59 Billion during 2005-2006 .


• Contributes to 3% of GDP during 2005-2006.
• One of the fastest growing sectors of Indian economy.
• Chemical Industry in India is fragmented and dispersed - multi product and
multi faceted.
• Chemicals sold directly to large customers and through distribution channels.
Distribution channels mostly consist of stockists and dealers spread all over
India addressing small segments and retail market.

Foreign Trade :-

India was a net importer of chemicals in early 1990s , but has now become a net
exporter due to reduction in Imports because of implementation of many large scale
petrochemical plants like Reliance etc. and also because of tremendous growth of
exports in sectors like bulk drugs and pharma, pesticides, dyes and intermediates.

Exports by the basic chemical sector in 1995-96 surpassed the target of Rs


6,742 crore by reaching a figure of Rs 7,979.30 crore and showing a massive growth of
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24% over the preceding year's figure of Rs 6,403.90 crore. During 1994-95 exports
totaled Rs 6,403.90 crore against the target of Rs 5,504.60 crore, while in the preceding
year shipments reached Rs 4,904.40 crore against the target of Rs 4,584.00 crore. The
drugs and pharmaceuticals and the organic/inorganic/agro-chemicals contributed as
much as 63% of total exports. This has been a herculean task, which has been achieved
by competing with big multinational corporations of the world. Turnover for the year
ended 1998-99 is close to Rs.15,000 crores.

The chemical industry comprises the companies that produce industrial


chemicals. It is central to modern world economy, converting raw materials (oil, natural
gas, air, water, metals, minerals) into more than 70,000 different products. Polymers
and plastics, especially polyethylene, polypropylene, polyvinyl chloride, polyethylene
terephthalate, polystyrene and polycarbonate comprise about 80% of the industry’s
output worldwide. Chemicals are used to make a wide variety of consumer goods, as
well as thousands inputs to agriculture, manufacturing, construction, and service
industries. The chemical industry itself consumes 26 percent of its own output. Major
industrial customers include rubber and plastic products, textiles, apparel, petroleum
refining, pulp and paper, and primary metals. Chemicals is nearly a $2 trillion global
enterprise, and the EU and U.S. chemical companies are the world's largest producers.
The largest corporate producers worldwide, with plants in numerous countries, are
BASF, Dow, Shell, Bayer, INEOS, ExxonMobil, DuPont, and Mitsubishi, along with
thousands of smaller firms. This article does not cite any references or sources. ...
Polypropylene lid of a Tic Tacs box, with a living hinge and the resin identification
code under its flap Micrograph of polypropylene Polypropylene or polypropene (PP) is
a thermoplastic polymer, made by the chemical industry and used in a wide variety of
applications, including food packaging, ropes, textiles, plastic parts... Polyethylene
terephthalate (aka PET, PETE or the obsolete PETP or PET-P) is a thermoplastic
polymer resin of the polyester family and is used in synthetic fibers; beverage, food and
other liquid containers; thermoforming applications; and engineering resins often in
combination with glass fiber. ... Polystyrene (IPA: ) is a polymer made from the
monomer styrene, a liquid hydrocarbon that is commercially manufactured from

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petroleum by the chemical industry. ... Polycarbonates are a particular group of
thermoplastic polyesters. ...

In the U.S. there are 170 major chemical companies. They operate
internationally with more than 2,800 facilities outside the U.S. and 1,700 foreign
subsidiaries or affiliates operating. The U.S. chemical output is $400 billion a year. The
U.S. industry records large trade surpluses and employs more than a million people in
the United States alone. The chemical industry is also the second largest consumer of
energy in manufacturing and spends over $5 billion annually on pollution abatement.

In Europe, especially Germany, the chemical, plastics and rubber sectors are
among the largest industrial sectors. Together they generate about 3.2 million jobs in
more than 60,000 companies. Since 2000 the chemical sector alone has represented 2/3
of the entire manufacturing trade surplus of the EU. The chemical sector accounts for
12% of the EU manufacturing industry's added value.

The chemical industry has shown rapid growth for more than fifty years. The
fastest growing areas have been in the manufacture of synthetic organic polymers used
as plastics, fibres and elastomers. Historically and presently the chemical industry has
been concentrated in three areas of the world, Western Europe, North America and
Japan (the Triad). The European Community remains the largest producer area
followed by the USA and Japan.

The traditional dominance of chemical production by the Triad countries is


being challenged by changes in feedstock availability and price, labour cost, energy
cost, differential rates of economic growth and environmental pressures. Instrumental
in the changing structure of the global chemical industry has been the growth in China,
India, Korea, the Middle East, South East Asia, Nigeria, Trinidad, Thailand, Brazil,
Venezuela, and Indonesia.

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INTERNAL COMPONENT OF INDIAN ECONOMY

Chemical industry is an integral component of the Indian economy, which


contributes around 7 % of the Indian GDP. It touches our lives in several
different different ways. Whether it is thermoplastic furniture we use, or a
synthetic garment we wear, or a drug we take – we are inextricably associated to
it. The industry is integral to the development of agricultural and industrial
development in India and has key linkages with various other downstream, such
as automotive, consumer durables, engineering, food processing and more.

Globalization posses many challenges to the industry, which has


predominantly developed in a protected environment. With World Trade
Organization assuming an increasing role in global economics, there is an
inevitable move towards an inter-linked international economy. However, there
have been cases where particular segments of the industry, such as
pharmaceuticals and biotechnology have performed exceedingly well even at the
world level.

During 2005-06, the industry contributed 17.6% of the manufacturing


sector. However the country continues to be a net importer in 2005-06, with
exports of US$ 5.95 billion and imports of US$7.92 billion. The worth of Indian
chemicals industry during 2005-06 was US$30.59 billion, which reflected a
growth of 10.23% over the previous year and a CAGR of 8.68% during the last 3
years.

Future Forecasts

A decade of economic reforms has resulted in major changes in the way


the Indian chemical manufacturers work and operate. Individual enterprises have
realized their strengths and weaknesses and are gearing up to face the new
challenges. Success stories in dyes and agrochemicals have boosted the

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confidence of Indian manufacturers to take on global competition squarely.
Some of the advantages of Indian chemical industry include -

• Due to its low cost infrastructure, the country has huge export potential.
According to a recent report, India's chemical exports have the potential
to rise US$ 300 billion by 2015. This defines an investment of US$ 50
billion in chemical industry alone.

• The country has the capacity for high value addition being close to
Middle East. This is a cheap and ample source for petrochemical
feedstock.

• In some categories of chemicals, India does have the advantage for


exports (dyes, pharmaceuticals and agrochemicals) by establishing
strategic alliances with countries like Russia. With the expertise and
know-how available in the country, there is a tremendous export potential
in dyestuff and agrochemical market.

• Availability and abundance of raw materials for titanium dioxide and


agro-based products, such as castor oil provide an opportunity to yield
significant value addition. This, however, would require substituting their
exports in raw form by producing high value derivatives.

• The major challenges are pursuit for feedstock and knowledge


management. The naphtha-based crackers that have been providing
feedstock to the industry traditionally, have now been replaced by new
gas-based crackers. Along with China, India pose a stiff competition to
the Middle East due to the vibrant exports and huge unexplored reserves
of oil and gas. The Govt. of India is acting as a facilitator by establishing
LNG terminals and acquiring equity interests in overseas proven oil
reserves. This will fuel the fast growth in chemical industry. The govt. is

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also engaged in the development and formulation of a National Policy on
Pharmaceuticals and mega-industrial chemical estates.

INDIA GLYCOL LIMITED : COMPANY HISTORY

1983 - India Glycols Ltd was incorporated at New Delhi on 19thNovembe as a


public limited company as u.p.glycols limited obtained the Certificate of
Commencement of Business on 3rd February; 1984.The Company was promoted
by Vam Organic Chemicals Ltd. The company manufactures mono-
ethyleneglycol (MEG) , diethylene glycol (DEG) and triethylene glycol (TEG).

- The company entered into a technical know-how agreement with `Scientific


Design Company Inc., USA (SD) for the supply of process know-how only for
the conversion of ethanol into MEG as the promoter VAM agreed to advise free
of cost on the conversion process of molasses into ethanol.

- The company also entered into an agreement with Toyo Engineering India Ltd.,
for implementing the project within guaranteed cost and time limit.

1986 - The name of the Company was changed to `India Glycols Limited'
Effective from 4th September.

1988 - 70 shares subscribed for by the signatories to the Memorandum of

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Association.244,99,930 shares then issued at par of which 84,69,930 shares
to promoters, directors, etc., and Vam Chemicals Ltd., and its wholly owned
subsidiaries and 25,00,000 shares to shareholders of Vam Organic Chemicals
Ltd., Ramgang Fertilizers Ltd., and Hindustan Wires Ltd., were reserved and
allotted. Out of the remaining 135,30,000 shares, the following shares were
reserved for preferential allotment: (i)15,00,000 share to UTI, (ii) 7,50,000
shares to SBI Capital Markets Ltd. (iii) 30,00,000 shares to NRIs on repatriation
basis, (iv) 2,50,000 shares to business associates, (v) 10,00,000 shares to farmers
and rural investors and (vi) 12,25,000 shares to employees/workers of the
company as also of the Vam Organic Chemicals Ltd. (Except 12,01,100 shares
of the employees quota all shares taken up.) The balance 58,05,000 shares along
with 12, 01,100 shares not taken up by employees were offered to the public in
July 1988.

- Additional 33,82,500 shares allotted to retain oversubscription (7,50,000


shares to NRIs, 62,500 shares to business associates,8,12,500 shares to farmers
and 17,57,500 shares to public).
1990 - The Company received approval for expanding the MEG capacity upto
60,000 MT per annum. The Company proposed to diversify into the field of
Ethylene Oxide (EO) derivatives and had received letter of intent for the
manufacture of 1000 MT per annum of EO derivatives.

1991 - Steps were initiated to undertake diversification programmed to


manufacture Ethylene Oxide condensate/derivatives. The Company undertook
the expansion of effluent treatment and Biogas generation facilities.

1992 - The Capacity of MEG was enhanced to 25,000 tones per annum.

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1995 - The company had tied up with Sanyo Chemical Industrial Surfactants
Covering major industries like textiles, toiletries, pharmaceuticals,
agrochemicals, paper, lubricants etc.
- The Company also proposed to set up facilities for chlorosulphation to
produce other specialty chemicals to maintain better quality standards.

1996 - The Company was implementing cholorosulphation project.

2003 -The Board of Directors at their meeting held on December 4, 2003 have
approved the merger of wholly owned subsidiary company CDS International
Ltd with the company.

The Board of Directors at their meeting held on December 4, 2003 has approved
the merger of wholly owned subsidiary company CDS International Ltd with the
company. On Novembers a public limited company as `U.P. Glycols Limited'
and obtained the Certificate of Commencement of Business on 3rd February,
1984. The company was promoted by Vam Organi Chemicals Ltd.The company
manufactures mono-ethylene glycol (MEG), diethylene glycol (DEG) and
triethylene glycol (TEG).

SWOT ANALYSIS
Strength
IGL is uniquely positioned as a petrochemical manufacturer through the
organic route, and is probably the largest player in the world in its segment.
Though the gross block of the company is Rs9.7bn, its replacement cost is
estimated to be ~Rs32bn. This along with technological know how, would act as
a strong barrier for entry, thereby offering competitive safety for the company.
The Kashipur unit is fully integrated one, thereby ensuring operational
smoothness. The company is altering its mix in favour of EO derivatives. This

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offers higher realisations with stability in outlook and prices. Improving product
range (180 at present) would also enhance realisations and consequently better
margins. IGL has the ability to switch its feedstocks, between molasses, ethanol
and sugarcane. Thus, it can procure molasses or ethanol at the start of a season
(Oct-Nov) and rationalise its raw material costs. Its storage facility also enables
it to manage inventories on a higher scale.

Weakness
IGL’s margins could face pressure if MEG prices continue to fall vis-a-
vis hikes in prices of molasses and ethanol. While IGL is integrating backwards
to reduce the price volatility in its raw materials, the same cannot be eliminated
and hence would continue to dog the operations of the company. Newer
capacity expansion being undertaken in the M. East (Saudi Arabia & Iran) has
the potential to lower the landed cost of imported MEG in India and to impact
realisations. Currently, POY/PSF industry accounts for ~70% of MEG
consumption in India and ~35% of IGL’s revenues. This imparts high sensitivity
to an industry and any slowdown in that sector has the potential to impact IGL’s
earnings.

Opportunities
IGL has flexibility in using ethanol or molasses as its feedstock for
MEG/EO manufacturing, which can help optimise its raw material cost. By
setting up co-generation plants, IGL will be able to lower its power costs (12%
of net sales in FY08) to 8% of net sales in FY10. Expansions in the polyester
industry (Indo Rama, JBF, Reliance and Garden Mills) will ensure offtake of
IGL’s incremental capacity. IGL is diversifying its revenue stream through
venturing into Nutraceuticals, CO2 and Real Estate, which are expected to
account for ~10% of revenues by FY10.

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Threats
MEG capacity expansion in M. East may dampen IGL’s offtake.
Additional capacitiesmay impact global prices which will impose margin
pressure. Also, any changes in custom duties on MEG (7.5%) and swing in
Rs/USD rates have the potential to dampen realisations and margins. Currently
the Reliance group, which is the largest domestic manufacturer of MEG,
consumes majority of its production in-house. Any sharp scale up in its merchant
sales can upset the business prospects of IGL. After Shakumbari expansion,
there would be another factor influencing the costing structure of IGL namely
sugarcane. We have drawn our estimates on cane prices of Rs 125/qntl. Thus,
any unfavourable change in the pricing or availability of cane can substantially
impair the earnings of the company . IGL is undertaking capex of Rs4.9bn over
the next 2 years. There is also a shutdown of 25-35 days envisaged at its MEG
facility. Any derailment or delay of the same could impact its earnings
substantially. Exports constitute ~14% of its revenues and any adverse
movement in exchange rate can depress margins.

In a scenario where petrochemical companies are experiencing supply


shortage and rise in prices of feedstocks, green route (Biomass) players have
become competitive. In this backdrop, its capacity expansion by 20% and foray
into value added products augurs well for IGL’s revenue and margins. Its recent
acquisition of Shakumbari has afforded italternatives (making sugar and/or
ethanol), thereby enabling it to capitalise on market conditions.
IGL is also setting up co-generation power plant in Shakumbari and Kashipur
that will reduce the power cost to <Rs 1perunit. Thus, we estimated power and
Fuel cost as a % of net sales to ease to ~8% in FY10 from 12% in FY08.
Besides reducing the cost, IGL is also focusing on high margin EO derivative
business where prices are more stable and competition minimal. We estimate
this business to register a CAGR of 19% from FY08-10 and attain a size of

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Rs8.5bn by FY10. The revenue flow from other streams i.e. Nutraceuticals, CO2
plant, property lease and sugar will also help augment by FY10. With inclusion
of guar gum powder and industrial gases, revenues from other streams will be
~10% of total revenues by FY10 (v/s 3% in FY08). In FY10, we estimate net
revenues of Rs17bn (CAGR 13% from FY08-10), OPM of 27% (+200bps from
FY08) and net profits of Rs2.9bn (v/s Rs1.8bn inFY08).
- The company entered into a technical know-how agreement with
`Scientific Design Company Inc., USA (SD) for the supply of process
know-how only for the conversion of ethanol into MEG as the promoter VAM
agreed to advise free of cost on the convers process of molasses into ethanol.

- The company also entered into


an agreement with Toyo Engineering
India Ltd., for implementing the
project within guaranteed cost and
time limit.

First and only company in the world


to produce Ethylene Oxide (EO) /
Mono Ethylene Glycol (MEG) from renewable agro route based on molasses,
since 1989. Leading manufacturers of Glycols, Ethoxylates, Performance
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Dehradun
Chemicals, Glycol Ethers & Acetates, Guar Gum and Potable Alcohol.
Completely integrated state - of - the - art manufacturing process with emphasis
Son superior quality by deploying internationally proven technologies,
innovative R&D and customized approach.

• Largest Ethoxylate, Glycol Ether producer and thus leader in Ethylene


Oxide Derivatives/Surfactant business in India.

• Global player meeting international specifications and norms, exporting


to South East Asia, Middle East, Europe, Australia and USA.
• Catering to more than 1,000 customers in various end-use industries such
as Textile, Agrochemical, Oil & Gas, Personal Care, Pharmaceuticals,
Brake Fluids, Detergent, Emulsion Polymerization & paints etc.
• Offer customer specific products to meet their performance / technical
requirements.
• Customer base includes large MNCs, Public Sector Undertakings and
large as well as medium & small Indian organizations.

Export Documentation in IGL - 25 - Graphic Era University,


Dehradun
QUALITY THROUGH ADVANCED TECHNOLOGY

India Glycol ltd is one of the leading manufactures of glycol, ethoxylates


and specialty chemicals. Our continued emphasis on superior quality through the
latest technologies available worldwide, makes us a pioneer in our field. Our
belief in providing the desired products with the help of the best technology is in
our manufacturing facilities.

Our state-of-the-art glycols manufacturing plant at Kashipur, Uttar


Pradesh has the distinction of being the only one in the world to have
commercialized the production of ethylene oxide from molasses, a renewable
resource. This plant was commissioned in 1988, in technical collaboration with
M/s scientific design Inc, U.S.A.to manufacture glycols. In 1995, we diversified
into the production of high purity ethylene oxide {EO}, once again adopting the
scientific design technology.
• 20,000 MTPA production capacity deploying the latest 2nd generation
loop reactor from PRESSINDUSTRIA Italy for minimum free EO and
Dioxane content.
• State-of-the-art computer controlled system from ROSEMOUNT
FISCHER, U.S.A. for consistent quality.
Strategic alliance with SANYO CHEMICAL INDUSTRIES, Japan for
specialty chemicals.

We have the largest ethoxylation facility in India, using the 2nd generation
loop reactor technology from Pressindustria, Italy. The vapour-vapour phase
reaction of this technology ensures minimum residence time of unreacted EO
and faster reaction late. This result in ethoxylates of high purity, low colour and
odour, low aldehyde, minimum free EO and dioxane content thus eliminating
any interference in subsequent applications.

Export Documentation in IGL - 26 - Graphic Era University,


Dehradun
In a major leap forward, we tied up with Sanyo Chemical Industries,
Japan , to set up a state-of-the-art 10,000 MTPA specialty Chemicals Plant to
introduce a wide range of products and meet the diversified needs of various end
use industries.

PRODUCTS PROFILE :
MEG / DEG / TEG

• We manufacture MEG / DEG / TEG in state-of-the-art plant in technical


collaboration with Scientific Design Inc., USA.

• Supplying to major Polyester / Chemical customers by meeting their


stringent specifications.

• MONOETHYLENE GLYCOL (MEG) is a colorless, odourless, non-


volatile liquid. It is completely miscible in water and many organic
solvents.

• DI-ETHYLENE GLYCOL (DEG) is a stable, high boiling, odourless,


hygroscopic liquid completely miscible in water.

ALKYL PHENOL ETHOXYLATES

• Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA'


loop reactor which is currently the largest alkoxylation facility in India.

• The plant is operated through a fully automated DCS system, which


ensures consistent quality.

• Internationally proven technology with high purity, low colour & odour.

• Large capacities to meet bulk requirements.


Export Documentation in IGL - 27 - Graphic Era University,
Dehradun
• They are excellent Oil/Water soluble detergents, emulsifiers/ co-
emulsifiers, wetting / cleaning & dispersing agents, intermediate for
sulphation and find application in various industries such as Textile,
Detergent, Agrochemical, and Emulsion Polymerization & Paints.

• Wide range based on Nonyl Phenol, Octyl Phenol, Card Phenol &
Styrenated Phenol under the brand name of ALPHOX series.

• Product Range: Nonyl Phenol Ethoxylates (4 to 30 moles), Octyl Phenol


Ethoxylates (10, 20 moles etc), Styrenated Phenol Ethoxylates (20 Moles
etc.), Card Phenol Ethoxylates (5 to 30 moles).
• We can tailor make specific moles & products as per customer
requirements.

POLYETHYLENE GLYCOLS

• Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA'


loop reactor which is currently the largest alkoxylation facility in India.

• The plant is operated through a fully automated DCS system, which


ensures consistent quality.

• Internationally proven technology with high purity, low colour & odour
meeting Indian, International Pharmacopea, IP / USP / NF specifications.

• Large capacities to meet bulk requirements.

• Products are essentially non-toxic, stable & versatile solvents find various
applications:

• Pharmaceuticals - as bases for ointments & suppositories, liquid


preparation & tablet manufacturing.

Export Documentation in IGL - 28 - Graphic Era University,


Dehradun
• Cosmetic - aids in soap production, fixative for perfume oils in deodorant,
evaporation retarders in nail varnish, pre or after shave lotions.
o Oral Care - adjust consistency in tooth paste formulation.
o Automotive - in manufacturing of Brake Fluids.
o Textile
o Paints & printing inks
o Resins & plastics
o Ceramics

• Wide range of products (PEG-200 to 4000) under brand name of


POLYMEG series.

• We can tailor make specific moles & products as per customer


requirements.

EO / PO COPOLYMERS

• Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA'


loop reactor which is currently the largest alkoxylation facility in India.

• The plant is operated through a fully automated DCS system, which


ensures consistent quality.

• Internationally proven technology with high purity, low colour & odour
meeting Indian, International standards.

• Large capacities to meet bulk requirements.

• They find application mainly in anti-foam formulations, as emulsifier in


water treatment, paint & oil field chemicals.

• Product Range : EO-PO Co-polymers under brand name of EPOXEL


series.

We can tailor make specific moles & products as per customer requirements
Export Documentation in IGL - 29 - Graphic Era University,
Dehradun
FATTY ALCOHOL ETHOXYLATES

• Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA'


loop reactor which is currently the largest alkoxylation facility in India.

• The plant is operated through a fully automated DCS system, which


ensures consistent quality.

• Internationally proven technology with high purity, low colour & odour.

• Large capacities to meet bulk requirements.

• Fatty Alcohol Ethoxylates mainly find application as cleaning & scouring


agents, detergents and emulsifying in textile and other industries.

• Tridecyl Alcohol Ethoxylates : 3 to 10 moles under brand name of


IGSURF series.

• Lauryl Alcohol Ethoxylates are used as a major raw material for


manufacture of Sodium Lauryl Ether Sulphate (SLES) for shampoo and
detergent.

• Ceto Stearyl Alcohol Ethoxylates find application as an emulsifier in


Pharma & Cosmetic applications such as ointments and creams.

• Product Range : Lauryl Alcohol Ethoxylates - 2.0 to 11 moles under


brand name of LARYDET series and Ceto Stearyl Alcohol Ethoxylates -
10, 20 moles under brand name of CETODET series.

• We can tailor make specific moles & products as per customer


requirements.

FATTY ACID ETHOXYLATES

Export Documentation in IGL - 30 - Graphic Era University,


Dehradun
• Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA'
loop reactor which is currently the largest alkoxylation facility in India.

• The plant is operated through a fully automated DCS system, which


ensures consistent quality.

• Internationally proven technology with high purity, low colour & odour.

• Large capacities to meet bulk requirements.

• Fatty Acid Ethoxylates such as Stearic Acid, Lauric Acid etc. find
application mainly in textile formulation and manufacture of spin finishes.

• Product Range : Stearic Acid Ethoxylates, Lauric Fatty Acid Ethoxylates,


Coco Fatty Acid Ethoxylates, under brand name of STEXEL series.

• We can tailor make specific moles & products as per customer


requirements.

FATTY AMINE ETHOXYLATES

• Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA'


loop reactor which is currently the largest alkoxylation facility in India.
• The plant is operated through a fully automated DCS system, which
ensures consistent quality.

• Internationally proven technology with high purity, low colour & odour.

• Large capacities to meet bulk requirements.

• Fatty Amine Ethoxylates based on coco-amine, lauryl, oleyl amines etc.


find major application as dye levelling, wetting agents in textile
formulations & detergents.

Export Documentation in IGL - 31 - Graphic Era University,


Dehradun
• They are also used an emulsifier in pesticide formulations.

• Product Range : Oleyl Amine Ethoxylates, Coco Amine Ethoxylates,


under brand name of AMINOX series.

• We can tailor make specific moles & products as per customer


requirements.

NATURAL OIL ETHOXYLATES

• Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA'


loop reactor which is currently the largest alkoxylation facility in India.

• The plant is operated through a fully automated DCS system, which


ensures consistent quality.

• Internationally proven technology with high purity, low colour & odour
meeting Indian, International Pharmacopea, IP / USP / NF specifications.

• Large capacities to meet bulk requirements.

• Based on Castor, Soya and Groundnut, Hydrogenated Castor oil, these


products find application mainly as emulsifier for agro & textile
formulations, leather, paints etc.

• Product Range : Castor Oil Ethoxylates - 20 to 55 moles under brand


name of CASTROX series.

• We can tailor make specific moles & products as per customer


requirements.

OTHER ETHOXYLATES

Export Documentation in IGL - 32 - Graphic Era University,


Dehradun
• Manufactured in state-of-the-art second generation 'PRESSINDUSTRIA'
loop reactor which is currently the largest alkoxylation facility in India.

• The plant is operated through a fully automated DCS system, which


ensures consistent quality.

• Internationally proven technology with high purity, low colour & odour.

• Large capacities to meet bulk requirements.

• Product Range : Sorbiton Ester Ethoxylates under brand name of


SORBOX series, Tri-decyl Alcohol Ethoxylates under brand name of
IGSURF series.

• We can tailor make specific moles & products as per customer


requirements.

GLYCOL ETHERS

• Manufactured with know-how from M/s Sulzer Chemtech, Switzerland,


which is the largest Glycol Ether Plant in India and the only continuous
process Glycol Ether plant in India ensuring consistent quality.

• Meeting stringent international specifications of markets in Europe, South


East Asia, Middle East.

• Our focus is to manufacture Ethyl Glycol Ethers which finds application


in Paint & Coating, automotive brake fluid industry.

• We can manfacture other grades of Glycol Ethers such as Methyl Glycol


Ethers, Butyl Glycol Ethers, Phenoxy Ethanol, which also find
application in various industries such as anti-foam agent, perfumery,
paints & coating etc.

Export Documentation in IGL - 33 - Graphic Era University,


Dehradun
• Wide range under brand name of IGSOL and IGTOL series.

GLYCOL ETHER ACETATES

• Manufactured with know-how from M/s Sulzer Chemtech, Switzerland,


which is the largest Glycol Ether Plant in India and the only continuous
process Glycol Ether plant in India ensuring consistent quality.

• Our Ethyl Glycol Ether Acetates meets the international specifications


which finds application mainly in paint & coating industry.

• Wide range under brand name of IGACE series.

• Other Glycol Ether Acetates can also be considered and made as per
customer requirement.

BRAKE FLUIDS & ANTIFREEZE COOLANT

Brake Fluids

• Manufactured with know-how from M/s Sulzer Chemtech, Switzerland,


which is the largest Glycol Ether Plant in India and the only continuous
process Glycol Ether plant in India ensuring consistent quality.

• We manufacture both DOT-3 and DOT-4 grades of brake fluid as per


international specifications and approved by ARAI, Pune, a leading
automobile research institute in India.

• Product Range : DOT-3, DOT-4 brake fluids under brand name of


IGDOT series and components for brake fluids such as PEGs, DEG,
Higher Glycol Ethers are also available.

Antifreeze Coolant

Export Documentation in IGL - 34 - Graphic Era University,


Dehradun
• We manufacture Antifreeze Coolant in state-of-the-art plant.

• Supplying to major Oil Companies / Ministry of Defence by meeting their


stringent specifications

Ennature Biopharma is the new natural products division of India Glycols


Limited and is in the business of manufacturing natural active pharmaceutical
ingredients (API’s), standardized botanical extracts and spice extracts for the
beverage, dietary supplement, functional foods, pharmaceutical and
cosmeceutical industries. We are using state of the art, toxic-free, high
selectivity super critical fluid extraction technology (SCFE) to produce superior
quality extracts. Our manufacturing facilities are in the process of being cGMP,
HACCP and Kosher certified.

We have a strategic advantage of being located in Dehradun, which is an


extremely favorable agro-climatic zone for herbal and plant cultivation in India.
Also, we have a strong hold over raw material supply through our own
cultivation in the foothills of the Himalayas and contract cultivation with farmers
in the region. This assures us availability of a variety of desired raw materials at
competitive prices.

In addition, we have a professionally managed research team to undertake


large scale research and development of plant based secondary metabolite
products, nutraceuticals, phytopharmaceuticals (active pharmaceutical
ingredients- API’s) and their intermediaries along with standardized herbal
extracts for the global market.

We aim to achieve the highest levels of customer satisfaction by


supplying a wide range of high quality, new and value added ingredients. We
will be commencing production in May

Export Documentation in IGL - 35 - Graphic Era University,


Dehradun
Some of the Products those generate revenue in Global Market

Export Documentation in IGL - 36 - Graphic Era University,


Dehradun
CHEMICALS PERFORMANCE IN VARIOUS INDUSTRIES

OIL & GAS


Wide range of additives for oil exploration and refining.

• EO/PO blocks co-polymers, high molecular weight resins and


polyamine ethoxylates for crude oil demulsification.
• Environment friendly, water soluble products for oil spill control.
• Pour point depressant to improve flow of oil at lower temperatures.
• Glycol Ethers are used during oil drilling.
• IGL offers Guar Gum products, which are used in deep oil well
drilling, enhanced oil recovery, plugging holes & pour point
depressants.

IGL's Product Range for OIL & GAS Industry


GLYCOLS
TRI ETHYLENE GLYCOLS (TEG)
OIL & GAS
GLYCOL ETHERS & ACETATES
ETHYLENE GLYCOL MONO BUTYL ETHER
OIL & GAS

Export Documentation in IGL - 37 - Graphic Era University,


Dehradun
OIL & GAS PRODUCTION

PERFORMANCE CHEMICALS
OIL & GAS DRILLING OIL & GASREFINING LUBRICANT
PRODUCTION
SHALE STABILISER
SPOTTING FLUID
OIL SOLUBLE
DEMULSIFIER
WATER SOLUBLE
DEMULSIFIER
DESALTER /
DEMULSIFER
CORROSION
INHIBITOR
POUR POINT
DEPRESSANT (PPD)
FLOW IMPROVER
FOR CRUDE OIL
NON EMULSIFIER
DEOILER

GUAR GUM
INDUSTRY APPLICATION
OIL & GAS DEEP OIL WELL DRILLING
ENHANCED OIL RECOVERY
PLUGGING HOLES & POUR POINT DEPRESSANTS

Performance Chemicals For OIL & GAS Industry

• Technical know-how from M/s Sanyo Chemical Industries, Japan.

Export Documentation in IGL - 38 - Graphic Era University,


Dehradun
• Wide range of additives for oil exploration and refining.

• EO/PO block co-polymers, high molecular weight resins and polyamine


ethoxylates for crude oil demulsification.

• Environment friendly, water soluble products for oil spill control.

• Pour point depressant to improve flow of oil at lower temperatures

AGROCHEMICALS

• IGL offers a unique blend of IGSURF Series for EC formulations


designed for application in multiple toxicants.
• Highly stable and free flowing broad spectrum emulsifiers.
• Wetting and dispersing agents for wettable powders and suspension
concentrates.
• Wetting and dispersing agents for wettable powders and suspension
concentrates.
• Range of eco-friendly surfactants for new generation formulations.
• IGL offers Guar Gum products which are used in tobacco fines recovery.

GLYCOL

DI ETHYLENE GLYCOLS (DEG)


AGROCHEMICALS

NEAT ETHOXYLATES & PEGs

Fatty
Alkyl phenol ethoxylates alcohol Fatty Natural oil ethoxylates
ethoxylates amine
Alkyl Styrenated Lauryl ethoxy Castor oilSoya oil
phenol phenol alcohol lates ethoxylates ethoxylates
ethoxylates ethoxylates ethoxylates

Export Documentation in IGL - 39 - Graphic Era University,


Dehradun
Emulsifying
Wetting
Performance Chemicals For AGROCHEMICAL Industry

• Technical know-how from M/s Sanyo Chemical Industries, Japan.

• IGL offers a unique blend of IGSURF Series for EC formulations


designed for application in multiple toxicants.

• Highly stable and free flowing broad spectrum emulsifiers.

• Wetting and dispersing agents for wettable powders and suspension


concentrates.
• Range of eco-friendly surfactants for new generation formulations

TEXTILE
• Comprehensive range of products required at various stages of yarn &
fabric processing based on
• International technology.
• A complete range of glycols; MEG, DEG, TEG and PEG's of molecular
weight ranging from 200-4000.
• Emulsifier, wetting agents, dispersing agents, leveling and lubricating
agents, with low PEG content for better surfactancy.

IGSURF series of specialty chemicals developed with know-how from


M/s Sanyo Chemical Industries, Japan. Low foaming mercerizing agents,
unique blends of cationic and nonionic softeners and a range of dye
leveling agents for improved fastness of dyed fabrics.

IGL's Product Range for TEXTILE Industry


GLYCOLS

Export Documentation in IGL - 40 - Graphic Era University,


Dehradun
MONO ETHYLENE GLYCOLS (MEG)
Polyester Oriented Yarn (POY)
Polyster Staple Fibre (PSF)
NEAT ETHOXYLATES & PEGs
FATTY ALCOHOL NATURAL OIL
POLYETHY ETHOXYLATES ETHOXYLATES
ALKYL
LENE FATTY ACIDFATTY AMINECASTOR SOYA
PHENOL LAURYL TDA
GLYCOLS ETHOXYLATES ETHOXYLATES OIL OIL
ETHOXYLATES ALCOHOL ETHOXY
(PEGs) ETHOXY ETHOXY
ETHOXYLATES LATES
LATES LATES
LUBRICATING
ADDITIVES
WETTING
CLEANING
DYE
LEVELLING
SCOURING
EMULSIFYING
PRINTING &
DYEING
ANTISTATIC

GLYCOL ETHERS & ACETATES


Ethylene Glycol Mono Ethyl Ether
Printing & Dyeing
Dye Manufacturing

Performance Chemicals For TEXTILE Industry

• Technical know-how from M/s Sanyo Chemical Industries, Japan.

• Emulsifier, wetting agents, dispersing agents, levelling and lubricating


agents, with low PEG content for better surfactancy.

• Low foaming mercerizing agents, unique blends of cationic and nonionic


softners and a range of dye levelling agents for improved fastness of dyed
fabrics.
• Spin finish oil for polyester industry.

Export Documentation in IGL - 41 - Graphic Era University,


Dehradun
PERSONAL CARE

• Nontoxic, free of carcinogenic impurities, polyethylene glycols with


minimum free EO and dioxane content.
• Water white SLES with low salt and dioxane content.
• Ingredients for manufacture of shampoos, which are skin friendly.

• IGL offers Guar Gum products duly approved under U.S. Federal
Register as Generally Recommended As Safe - GRAS Category for Food, Feed
& Pharma applications. These products are used in toothpaste, cosmetics,
shampoos, hair dyes etc.

IGL's Product Range for PERSONAL CARE Industry

NEAT ETHOXYLATES & PEGs

FATTY ALCOHOLNATURAL OIL


ETHOXYLATES ETHOXYLATES
POLYETHYLE LAURYL CETO HYDROGENATE
NE GLYCOLSALCOHOL STEARYL D CASTOR OIL
(PEGs) ETHOXYLAT ALCOHOL ETHOXYLATES
ES ETHOXYLAT
ES
SOLUBILISE
R
CREAM

Export Documentation in IGL - 42 - Graphic Era University,


Dehradun
BASE
FOAMING
TAR
REMOVAL

PERFORMANCE CHEMICALS

PERSONAL CARE SHAMPOO TOOTHPASTE


SODIUM LAURYL ETHER
SULPHATE
SODIUM LAURYL SULPHATE
SHAMPOO BASE

GUAR GUM

APPLICATION
TOOTH PASTE & COSMETICS
SHAMPOOS
HAIR DYES

Performance Chemicals For PERSONAL CARE Industry

• Technical know-how from M/s Sanyo Chemical Industries, Japan.

• Water white SLES with low salt and dioxane content.

Ingredients for manufacture of shampoos, which are skin friendly

PHARMACEUTICALS
• IGL offers a variety of nonionic ethylene oxide condensates that are
stable in mild acids and electrolytes.
• Nontoxic, free of carcinogenic impurities, polyethylene glycols with
minimum free EO and dioxane content which meets the stringent
pharmacopia specifications such as IP / USP / BP / NF.

Export Documentation in IGL - 43 - Graphic Era University,


Dehradun
• Products used mainly in manufacture of ointments, tablets, syrups, etc
in the pharmaceuticals industry.
• IGL offers Guar Gum products duly approved under U.S. Federal
Register as Generally Recommended As Safe - GRAS Category for
Food, Feed & Pharma applications. These products are used in tablet
binding, viscosifying syrups etc.

Our Extra Neutral Alcohol is used for manufacture of bulk drugs and
formulations.

IGL's Product Range for PHARMACEUTICALS Industry

NEAT ETHOXYLATES & PEGs

Natural oil ethoxylates Fatty acid ester of


Polyethylene Hydrogenated castor
sorbitan
glycols (pegs) oil ethoxylates
ethoxylates
OINTMENT BASE
SYRUP BSE
SOLVENT FOR
INJECTION
SOLUBILISER

GLYCOL ETHERS & ACETATES

Glycol Ethers
Ethylene Glycol Mono Di Ethylene Glycol Mono
Ethyl Ether Ethyl Ether
Pharma

Export Documentation in IGL - 44 - Graphic Era University,


Dehradun
GUAR GUM

APPLICATION
TABLET BINDING
VISCOSIFYING SYRUPS
DISTINTEGRATING AIDS
SUSPENDING AGENTS

POTABLE ALCOHOL

Extra Neutral Alcohol


Reaction Aid

MINING

IGL has tailor-made flotation agents meeting customer specific


requirements.

We develop specialty products for flotation of iron ores, cleaning of calcite


and collectors for different types of silicate flotation

IGL is the leading manufacturer of Emulsifier for Emulsion Explosives.

IGL offers Guar Gum products, which are used in coal mining, concentration of
ores,

IGL's Product Range for MINING Industry

GLYCOLS

MONO ETHYLENE GLYCOLS (MEG)


MINING

Export Documentation in IGL - 45 - Graphic Era University,


Dehradun
PERFORMANCE CHEMICALS

MINING BENEFICIATION EXPLOSIVE


FLOATATION / WASHING AGENT
EMULSIFIER

GUAR GUM

APPLICATION
CONCENTRATION OF ORES
COAL MINING & COAL SLURRY - FLOWING AID
FLOCCULATION & BETTER RECOVERY
STICK EXPLOSIVES
BLASTIC SLURRIES
WATER CONTROL & GELLING AGENT
Performance Chemicals For MINING Industry

• Technical know-how from M/s Sanyo Chemical Industries, Japan.

• IGL has tailor-made flotation agents meeting customer specific


requirements.

We develop speciality products for flotation of iron ores, cleaning of calcite and
collectors for different types of silicate flotation stick explosives etc.

HEALTH CARE & FOOD PROCESSING

For HEALTH CARE & FOOD PROCESSING industry, IGL offer GUAR
GUM, which is globally used in Dairy & Frozen Foods, Bakery, Canned
Foods, Sauces, Beverages and various health care recipes.

IGL has State-of-the-art facility to manufacture 10,000 MTPA of Guar


Products such as Guar, Treated & Pulverized Guar Gum Powder and
Derivatised Guar, set up as an Export-Oriented-Unit.
Export Documentation in IGL - 46 - Graphic Era University,
Dehradun
Complete process of Guar Gum is operated by a Fully Automatic Plant and
packaging of the same is controlled in most ultramodern plant untouched by
hand.

Capability to produce various viscosity ranges and different mesh sizes as per
customer's requirement.

Exports to entire globe under the brand name of IGGUAR. Approved under U.S.
Federal Register as Generally Recommended As Safe - GRAS Category for
Food, Feed & Pharma applications.

IGL's Product Range for HEALTH CARE & FOOD PROCESSING Industry

GUAR GUM

INDUSTRY APPLICATION
Health Care Slimming Regimen
Special Dietetics & Diabetic Diets
Soluble Fibre and Various Clinical
Nutrition Recipes
Food Processing Dairy & Frozen Foods
Bakery
Canned Foods
Sauces & Salad Dressings
Beverages & Instant Mixes

Export Documentation in IGL - 47 - Graphic Era University,


Dehradun
AUTOMOTIVE

For AUTOMOTIVE Industry, IGL offers quality BRAKE FLUIDS and


ANTIFREEZE COOLANT.

Brake Fluids

IGL manufacture both DOT-3 and DOT-4 grades of brake fluid with know-
how from M/s Sulzer Chemtech, Switzerland, which are the largest Glycol
Ether Plant in India and the only continuous process Glycol Ether plant in
India ensuring consistent quality.

Our brake fluids meet international specifications and approved by ARAI,


Pune, a leading automobile research institute in India.

Product Range: DOT-3, DOT-4 brake fluids under brand name of IGDOT
series and components for brake fluids such as PEGs, DEG, and Higher Glycol
Ethers are also available.

Antifreeze Coolant

We manufacture Antifreeze Coolant in state-of-the-art plant. Supplying to


major Oil Companies / Ministry of Defence by meeting their stringent
specifications

IGL's Product Range for AUTOMOTIVE Industry

GLYCOL
MONO ETHYLENE GLYCOLSDI ETHYLENE
(MEG) GLYCOLS (DEG)
AUTOMOTIVE
ANTI FREEZE
COOLANT
Export Documentation in IGL - 48 - Graphic Era University,
Dehradun
BRAKE FLUID
FIBRE GLASS

NEAT ETHOXYLATES & PEGs

POLYETHYLENE GLYCOLS (PEGs)


AUTOMOTIVE
BRAKE FLUID

GLYCOL ETHERS & ACETATES


GLYCOL ETHERS BRAKE FLUIDS
AUTOMOTIVE DI TRI DI TRI DOT-3 DOT-4
ETHYLENE ETHYLENE ETHYLENE ETHYLENE BRAKE BRAKE
GLYCOL GLYCOL GLYCOL GLYCOL FLUID FLUID
MONO MONO MONO MONO
ETHYL ETHYL BUTYL BUTYL
ETHER ETHER ETHER ETHER
AUTOMOTIVE
HYDRAULIC
BRAKE FLUID

DETERGENTS

• Cost-effective blends for synergistic effect and enhanced performance of


detergents when used in combination with anionics such as LABSA.
• Eco-friendly products for improved fabric care, skin care and higher hard
water tolerance.
• PEGs for manufacturing of Soaps.
• Specially formulated products can be used in liquid & powder detergents
as also detergent cakes.
• SLES for liquid Detergents.

Export Documentation in IGL - 49 - Graphic Era University,


Dehradun
IGL's Product Range for DETERGENT Industry

NEAT ETHOXYLATES & Pegs


FATTY ALCOHOL ETHOXYLATES
LAURYL ALCOHOL ETHOXYLATES
WASHING

PERFORMANCE CHEMICALS
DETERGENT / CLEANING
SODIUM LAURYL ETHER
SULPHATE
SODIUM LAURYL SULPHATE
NONIONIC & ANIONIC BLEND

Performance Chemicals For DETERGENT Industry

• Technical know-how from M/s Sanyo Chemical Industries, Japan.

• Cost-effective blends for synergistic effect and enhanced performance of


detergents when used in combination with anionics such as LABSA.

• Eco-friendly products for improved fabric care, skin care and higher hard
water tolerance.

• Specially formulated products can be used in liquid & powder detergents


as also detergent cakes.

• SLES for liquid Detergents.

Paper

• Wide range of surfactants for application in pulp and paper industry.


• Wide range of defoamers for applications such as:
o Pulping
Export Documentation in IGL - 50 - Graphic Era University,
Dehradun
o Brown stock washing
o Paper machine
o Coating
o Effluent treatment plant
• Various tailor made surfactants such as :-
o Felt washing and conditioning
o De-inking chemicals
o Cooking aid
o Any other surfactants as per customer's specific requirements.
• Strength additives

IGL offers guar gum products which are used in reduction of fines, increasing
strength & burst factor, improving rattling etc.

IGL's Product Range for PAPER Industry

NEAT ETHOXYLATES & PEGs


FATTY
ALCOHOL
ETHOXYLATES
POLYETHYLENE ALKYL LAURYL
GLYCOLS (PEGs) PHENOL ALCOHOL
ETHOXYLATES ETHOXYLATES
PAPER
ANTI CURL AGENT
SOFTENING AGENT
RESIN REMOVAL
FROM WOOD PULP
DE-INKING

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PERFORMANCE CHEMICALS

Paper Flotation Washing Stock Paper Press Machine Effluent Pulping Coating Bleach ing
machine felts wire treatment
plant
De-inking
chemicals
Defoamer
Retention
drainage aid
Felt cleaner
Wire cleaning
Strength
additive
Cooking aid
Peroxide
stabiliser

GUAR GUM
INDUSTRY APPLICATION
PAPER WET & DRY END ADDITIVES
REDUCTION OF FINES
INCREASING STRENGTH & BURST FACTOR
IMPROVING RATTLING

Performance Chemicals For PAPER Industry

 Technical know-how from M/s Sanyo Chemical Industries, Japan.

 Wide range of surfactants for application in pulp and paper industry.

 Wide range of defoamers for applications such as:

o Pulping
o Brown stock washing
o Paper machine
o Coating
o Effluent Treatment Plant

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 Various tailor made surfactants such as :-

o Felt washing and conditioning

o De-inking chemicals

o Cooking aid

o Any other surfactants as per customer's specific requirements.

 Strength Additives

Paints & Emulsion Polymerisation

• Wide spectrum of surfactants for application in paint and emulsion


industries.
• Excellent emulsifying and wetting properties in adhesive manufacturing.

• Comprehensive range for paints and emulsion polymerisation industry.

• Emulsifiers to achieve fine dispersion of polymers and desired


consistency in emulsion polymerisation.

• Glycol Ethers & Acetates acts as excellent solubiliser ensuring uniform


application & drying of paints.

• IGL offers Guar Gum products which used in adhesives glue & paints.

IGL's Product Range for PAINTS & EMULSION POLYMERISATION


Industry

GLYCOLS

MONO ETHYLENEDI ETHYLENE


GLYCOLS (MEG) GLYCOLS (DEG)
PAINTS & EMULSION

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POLYMERISATION

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NEAT ETHOXYLATES & PEGs

EO/PO BLOCK CO-GROUNDNUT OIL


POLYMERS ETHOXYLATES
DEFOAMING
EMULSIFYING

GLYCOL ETHERS & ACETATES

GLYCOL ETHERS GLYCOL ETHER ACETATES


ETHYLENE ETHYLENE ETHYLENE DI ETHYLENE
GLYCOL GLYCOL GLYCOL GLYCOL MONO
MONO ETHYLMONO BUTYLMONO ETHYLETHYL ETHER
ETHER ETHER ETHER ACETATE
ACETATE
SOLVENT

PERFORMANCE CHEMICALS

PAINTS & EMULSIONPAINT EMULSION PAINT


POLYMERISATION MFR. MFR.
ANIONIC EMULSIFIER
NONIONIC EMULSIFIER
QUASI ANIONIC EMULSIFIER

GUAR GUM

APPLICATION
ADHESIVES GLUE & PAINTS

Performance Chemicals For PAINT Industry

• Technical know-how from M/s Sanyo Chemical Industries, Japan.

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• Excellent emulsifying and wetting properties in adhesive manufacturing.

• Comprehensive range for paints and emulsion polymerisation industry.

Emulsifiers to achieve fine dispersion of polymers and desired consistency in


emulsion polymerization

Some Other Industries

Guar Gum

• State-of-the-art facility to manufacture 10,000 mtpa of guar products such


as guar, treated & pulverized guar gum powder and derivatised guar, set up as an
export-oriented-unit.

• Complete process is operated by a fully automatic plant and packaging of


the same is controlled in most ultramodern plant untouched by hand.

• Catering mainly to food, feed & pharma, textile, printing, industries etc.
And specialty products in the area of oil & gas and lubricant.

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• Capability to produce various viscosities ranges and different mesh sizes
as per customer's requirement.

• Exports to entire globe under the brand name of igguar.

• Approved under U.S. federal register as generally recommended as safe -


gras category for food, feed & pharma applications.

Extra Nutral Alcohol

• We have one of the largest distilleries in Asia for manufacture of ena with
capacity of 20 million liters per annum.

• Ena plant is based on the principles of multi pressure-cascading


techniques & the process control is by digital distributed control system.

• Plant is designed & supplied by alfa Laval (India) ltd.

Ena is used as reaction aid in pharmaceutical and as volatile carriers in flavor &
fragrances.

Imfl / country liquor

We have established separate facilities for blending & bottling of India made
foreign liquor (imfl) & country liquor.

IGL's Product Range for OTHER Industry

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GLYCOLS

MONO ETHYLENEDI ETHYLENE


GLYCOLS (MEG) GLYCOLS (DEG)
PACKAGING
- POLYESTER FILMS
- PET CHIPS FOR BOTTLES
FURNITURE / HOUSEHOLD
UNSATURATED RESIN
CAPACITORS
P.U. ADHESIVES
POLY ETHYLENE
GLYCOLS

Performance Chemicals For OTHER Industries

• Technical know-how from M/s Sanyo Chemical Industries, Japan.

• IGL is leading manufacturer of defoamers & anti-caking agent to the


fertiliser industry.

IGL have developed tailor-made grinding aids for Cement Manufacturing

FERTILISER:

IGL is leading manufacturer of defoamers & anti-caking agent to the fertiliser


industry.

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CEMENT :

IGL have developed tailor-made grinding aids for Cement Manufacturing.

CERAMIC :

IGL has developed Speciality Chemicals for various ceramic applications such
as decorative tiles printing.

RUBBER :

IGL has developed products for various rubber compounding applications


inclusive of antitacking, moisturisation and airtrapping.

IGL offers Guar Gum products, which are used in various applications such as
air freshner gels, agarbatties & incense sticks, photography, ceramic,
construction industry, synthetic resins & pet food

Our Extra Neutral Alcohol is used as volatile carriers in Flavour & Fragrances.

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RAW MATERIAL LIST COME FROM THE SUPPLIERS

2-ETHYL HEXANOL ACETIC ACID ACID SLURRY


ACRYLIC ACID AMMONIUM SULPHATE AMMONIA
SOLUTION
AMMONIUM CHLORIDE BEHNYL ALCOHOL BORAX
BUTYL ACRYLATE BUTYLATED HYDROXYCITIRIC ACID
TOLUNE
BENZOTRIAZOLE CALCIUM HYDROXIDE CASTOR OIL
CARD PHENOL CARD PHENOL RESIN COCO AMINE
CETO STERYL ALCOHOL CHLORO SULPHONIC ACID DICYNO DI AMIDE
CODEX-4503 DIMETHYL SULPHATE DIETHYLENE
TRIAMINE PENTA
ACETIC ACID
DIETHYLENE TRI AMINE DIPENTENE FORMIC ACID
EDTA FORMALDEHYDE HYDROGEN PER
OXIDE
GLYCEROL/GYLCERINE GROUND NUT OIL HYPO PHOSPHROUS
ACID
HYDROGENATED CASTORHYFLO SUPERCELL LAURYL
OIL ALCOHOL2.0%HC
ISO PROPYL ALCOHOL LAURYL ALCOHOL LOW HC METHYL
METHACRYLATE
MALEIC ANHYDRIDE METHANOL MONO SODIUM
PHOSPHATE
MIXED XYLENE MONO ETHANOL AMINE OCTYLE PHENOL
NONYL PHENOL NORMAL BUTANOL/ IBA PHENOL
OLEIC ACID OLEYL CETYL ALCOHOL PROPYLENE OXIDE
PHOSPHOROUS PENTOXIDE PINE OIL POTASIUM PER
FOSULPHATE
POLY ALKYL SILOXANE NAPHTHALENE PRECIPATED SILICA
FORMALDEHYDE
CONCENSATE
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POTTASIUM HYDROXIDE PPG 2000 RED DYE (1032
OILRED OB EXTRA
PTSA RICE BRAN FATTY ACID SODIUM HYPO
CHLORITE
SODIUM BI CARBONATE SODIUM CARBONATE SOLVENT CIX /
REREMAX/H.A.
SODIUM META BISODIUM SULPHITE STEARIC
SUSULPHITE ACID(INDIGI)
SORBITOL SOYABEEN OIL(REFINED) SODIUM NITRITE
STYRENE SODIUM THIOSULPHATE TRI DECYL
ALCOHOL
SULPHAMIC ACID THIO UREA TOLUNE
TRI ETHYL AMINE (TEA) TRI ETHANOL AMINE DM SILICONE OIL
350 CTSK
WHITE MINRAL OIL TURKEY RED OIL STANSURF (CABS
55%)

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CUSTOMER-ORIENTED R&D SUPPORT

In performance chemicals, the optimization of applications needs


continuous development efforts. The trend towards higher production
capacities and increasing quality consciousness has to be supported by better
performing chemicals. This can be achieved only through a regular interaction
with the customer.

We believe that every customer represents a personalized requirement


and need, which is why, our r&d activity is customer driven, emphasing on
customer specifications and standards.

Our state-of-the-art R&D centre is equipped with sophisticated analytical


instruments like ftir, hplc, tensiometers and analyzers to test performance for a
wide range of applications. This helps our R&D team in developing a
customized product to assist our client in achieving high quality standards. The
structure activity correlation data generated by our scientists’ further help in
developing new cost effective formulations. Having developed the product; our
r&d keeps close contact with the customer’s technical team and supports their
need to improve the product over a period of time. In addition, a continuous

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technical assistance in product application and performance is provided so that
the customer can have full advantage of our quality.

VALUE ADDITION AT EVERY STEP

Quality performance and cost effectiveness of chemicals are the factors


that have a direct bearing on our client’s objective to produce a quality product
of a competitive price.

Our endeavor is to provide technical advantage to our client’s products,


assist him in achieving set standards and win a confident position in the market
in terms of reliability, quality and commitment.

Our every activity is directed towards customer satisfaction and no


effort is spared in ensuring that our client gets the benefit of the best technology.
We were the first company to acquire the sophisticated vapor phased reaction
technology of 2nd generation loop reactor from pressindustria, Italy, high purity
minimum free EO and dioxane content in surfactants, batch to batch
consistency, result in high quality end product.

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Continuous emphasis is laid on innovative and R&D that develops
effective proprietary blends, to meet the requirement of performance and cost
benefits. Low batch cycle time, high manufacturing capacity, bulk storage tanks
for raw materials and finished products homogeneity of products and reliability
of supplies.

We believe in building relationships with our clients. We achieve this by first


identifying constraints being faced by the customer in surfactant application and
then, by providing specific solutions and recommending options to achieve
desired end results.

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REACHING THE CUSTOMER

Our extensive marketing network has been designed to facilitate a better


penetration. With 5 branch offices, 4 sales centers and 30 distributors, we service
over 25 major industrial locations, across the country. Our marketing aim is to
forget a mutually beneficial long term association with our clients. It is our
endeavor to identify needs and respond to them in minimum possible time, keep
in constant touch with every customer, provide information on surfactant
applications and product development.
We recognize the importance of our supply chain operations and
understand that a customer, who experiences efficient operations, will always
remain loyal to our products. We carry sufficient stocks of all our products to
ensure prompt delivery and consistency in product quality, thereby relieving the
customer of building high inventory at his end.
Supporting the marketing team is a group of industry managers
representing each end user industry. With their technical expertise they act as a
conduit for information on prevailing trends, product innovation, new
formulations and effective usage to the customer.
This proactive marketing approach has resulted in our achieving
leadership position in the surfactant industry with a short span of time.
Our company also focusing on to reach the customer easily with in a less
span of time, for that our commercial department play a important role to make
export easy because in today’s scenario its important for the company to save
time and cost as possible as it can, not to go any other export houses almost all
the companies has their own export house. In that commercial department take

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the responsibility of export documentation of the company, there are various
documents those are important for the company(INDIA GLYCOL LIMITED)
are following-:

EXPORT DOCUMENTATION
Export is effected through; Sea/Air/Land route/Post/Courier services
Documents normally prepared are Invoice, Packing List, Shipping Bill (as per
the requirement of availing the benefit either under the Duty Drawback Schemes
or DEPB or Duty Free),Marine Insurance cover, Certificate of Origin,
Inspection/Test Certificate, wherever required, Airways Bill/Consignment Note,
Good Receipt, Postal Receipt, Courier Company Receipt, Bill of Lading, Mate
receipt, Invoice duly attested by Customs, Bank Attested Invoice, Bank
Certificate of Export and Realization. These documents are required to be
prepared carefully and kept properly.
Precaution must be taken to keep in safe custody EP Copy of Shipping
Bill, Bank Certificate of Export and Realization as these are two important
documents on the basis of which incentives, benefits and facilities can be
claimed under the Foreign Trade Policy.
Export documents have to be prepared for various purposes viz.
1. Declaration of export as per exchange control regulations of his
country.
2. Transportation of the goods.
3. Other purpose
4. Customs clearance of the goods.

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Some of the forms preparing documents have been standardized under the
Aligned Documentation System introduced w.e.f. 1.10.1991.

1. Declaration forms
All exports to which the requirement of declaration applies must be
declared on appropriate form as indicated below:
GR Form: To be completed in duplicate for export otherwise than by post
including export of software in physical form i.e. magnetic tape/discs and
paper media.
SDF Form: To be completed in duplicate and appended to the Shipping
Bill for exports declared to customs offices notified by the Central
Government which have introduced EDI system for processing shipping
bill.
PP Form: To be completed in duplicate for export by post.
SOFTEX: To be completed in triplicate for export of software otherwise
than in physical form i.e. magnetic tapes/dics and paper media.
2. Documents for transportation of goods
a. Airways Bill/Air Consignment Note
The receipt issued by an Air line company or its agent for carriage
of goods is called Airways bill or consignment note. The airway bill
consists of three originals and six to eleven copies. It is a non-negotiable

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document. Original 1 (Green) is retained by the carrier issuing the AWB
for accounting purposes. Original 2 (Pink) accompanies the consignment
to final destination. Original 3 (Blue) is given to shipper as proof of
receipt of the goods for shipment.
b. Bill of Lading
The bill of lading is a document issued by the shipping company or
its agent acknowledging the receipt of goods mentioned in the bill for
shipment on board the vessel and undertaking to deliver the goods in the
like order and condition as received to the consignee or his order provided
the freight and other charges specified in the bill of lading have been duly
paid. Bill of Lading is issued in the standardized aligned document format.
c. Mate Receipt
It is issued by the Chief of Vessel after cargo is loaded and it
contain the name of shipper, place of receipt and voyage No., port of
loading, port of discharge, place of delivery, marks and Nos., container
No., description of goods, gross weight and other details as per the
standardized aligned document format. The receipt is of transferable
nature and must be presented at the shipping company’s office to be
exchanged into Bill of Lading.
d. Combined Transport Document
Inland Container Depots have been set up at various centers in the
country. These dry ports have made it possible to cover the entire
movement of goods from ICD to destination under the transport document
called Combined Transport Document.
3. Documents for Custom Clearance of Goods
a. Shipping Bill/Bill of Export
Shipping Bill is the main document required by the Custom
Authority for allowing shipment. Basically, shipping bills are of four
types. The major distinction between one type and another Shipping Bill

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lies with regard to the goods being subject to ; (a) export duty/cess, (b)
Free of duty/cess, (c) entitlement to duty drawback, (d) entitlement of
credit of duty under DEPB Schemes and (e) re-export of imported Goods.
Following documents are required for processing of Shipping Bill:
(a) GR Forms in duplicate for shipments to all countries.
(b) Four copies of packing list giving contents, quantity, gross and
net weight of each package.
(c) Four copies of invoices indicating all relevant particulars such
as No., of packages, Quantity, Unit rate, total f.o.b./c.i.f. value, correct
and full description of goods etc. (One copy of this invoice is to be
pasted on the duplicate copy of Shipping Bill).
(d) Contract, Letter of Credit, Purchase order.
(e) Inspection/Examination Certificate.
The formats presented for the Shipping Bill are as under:
1. White shipping bill for export of duty free goods prepared in
triplicate in the standardized format.
2. Green shipping bill for export of goods under claim for duty
drawback prepared in quadruplicate.
3. Yellow shipping bill for export of dutiable goods prepared in
triplicate.
4. Pink shipping bill for export of duty free goods ex-bond
prepared in triplicate.
5. Blue shipping bill for exports under the DEPB scheme
prepared in seven copies.
Where the goods are to be cleared by the Land Customs, Bill of Export is
prepared instead of shipping bill. Bill of Export is also of four types i.e.
White, Green, Yellow and Pink for the purpose stated above.
Appraised by the Custom Authorities

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The Customs Appraiser/Examines shipping documents and appraises
the value having regard to the following considerations :
1. That the value and the quantity declared in the shipping bill is
the same as in the export order/letter of credit.
2. That the formalities regarding exchange control, pre-shipment
quality control inspection etc, have been duly completed. After
examination of documents and appraisement of value, the custom
examiner/Appraiser makes an endorsement on duplicate copy of the
physical examination of the shipping bill giving directions to the Dock
appraiser about the extent of physical examination of the cargo to be
conducted at the docks. All the documents, except GR (Original)
Form, the original Shipping Bill and a copy of the Commercial
Invoice are returned to the Forwarding Agent to be presented to the
Dock Appraiser.
After taking delivery of documents from the Export Department,
Forwarding Agent presents the Port Trust Documents to the Shed
Superintendent of the Port and obtains carting order for bringing the
export cargo to the shipment. After bringing the cargo into the shed he
presents the following documents to the Dock appraiser for conducting
physical examination of the Cargo :

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1. Duplicate, triplicate and export promotion copies of the
Shipping Bill
2. Commercial Invoice
3. Packing List
4. AR4 (Original) and Duplicate) and Invoice
5. Inspection Certificate (Original)
6. GR Form (Duplicate)
4. Other Documents
Other important documents used in export business are:
a. Commercial Invoice
It is one of the most important documents issued by the seller in
the standardized format. The invoice is usually made out for the full
realizable amount of goods as per trade term, the exception being the
undrawn balance which is shown as a deduction from the full amount.
The invoice should be strictly according to the contract of sale and
should be on the paper of the seller and must be signed by him or by the
person acting on his behalf.
b. Consular Invoice
Consular Invoice is a document required mainly by the Latin
American countries like, Kenya, Uganda, Tanzania, Mauritius, New
Zealand, Burma, Iraq, Australia, Fiji, Cyprus, Nigeria, Ghana, Zanzibar
etc. This invoice is most important document which needs to be submitted
for certification to the Embassy of the Country concerned. The Exporter
has top pay to the Embassy Concerned some fees for the certification for
this invoice.
C .Customs Invoice
Countries like U.S.A., Canada etc. need custom’s invoice. It is
generally made out on a a special form presented by the customs

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authorities of the importing countries and help for allowing entry of goods
in the importing country at preferential tariff rates. The invoice forms are
generally available at the consular office of the importing country and are
required to be signed and witnessed after duly filling the same.
d. Legalised/Visaed Invoice
These are the invoice sworn for their genuineness by the seller as
being correct before the appropriate consulate/chamber of
commerce/embassy as the case may be and they bear the stamp and
authentication of the consulate /chamber of commerce/embassy as being
in order. A nominal charge is collected by them from the seller for doing
this. These invoices are required by some of the Latin American countries.
There is no prescribed form of this invoice.
e. Certified Invoice
At times exporter is called upon to certify on the invoice that the
goods are of particular origin or manufactured/packed at a particular place
and in accordance with specific contract. When certificates as such appear
on the invoice it is called as a Certified Invoice.
f. Bill of Exchange/Draft
A bill of exchange also known as draft contains an order from the
creditor to the debtor to pay a specified amount to a person mentioned
therein. The maker of a bill is called the “Drawer”, the person who is
directed to pay is “ Drawee” .The person who is entitled to receive
payment is called the “Payee”
g. Packing List
It is a list showing detail of goods contained in each
parcel/shipment. It shows item-by-item the contents of the container or
parcels shipped to enable the buyer/receiver of the shipment to check the
shipment. Packing List has to be prepared in the aligned document form.
h. Certificate of inspection

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Inspection certificate, indicating that goods have been inspected
before shipment is needed under some contracts or by some countries.
This certificate is generally required to be issued by one of the authorized
independent agencies/surveyors in the exporter’s country. The certificate
is issued in the aligned document form.

i. Black list Certificate


This is to certify that the ship/aircraft carrying the goods has not
touched a particular country on its journey or that the goods are not of a
particular country. This certificate is usually led for where countries have
strained political relations with another.
j. Weight Note
This document is used to confirm that the packets/bales etc. are of
a particular weight and not more than the stipulated weight as per contract.
It may at times give the gross weight and net weight of the whole
consignment.
k. Manufacturer’s/Supplier’s quality/Inspection Certificate
This is a certificate to the effect that the goods which have been
manufactured/Supplied are as per the requirement of the contract of sale.
l. Certificate of Origin
The EEC member Countries has adopted the Generalized System
of Preferences. Under GSP, certain categories of manufactured and semi-
manufactured goods originating from developing countries including India
are entitled for concessional rates of import duties in the member
countries, thereby giving benefit to importer’s the GSP Countries.
m. Language Certificate
Importers in the European Economic Community Countries
require a Languages Certificate along with the GSP Certificate in respect

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of handloom cotton fabrics classifiable under NEMEX Code 55.09.The
Language Certificate is issued by the Textile Committee against a small
fee.
n. Manufacturer’s Certificate
In addition to the Certificate of Origin, some countries require a
manufacturer’s certificate to the effect that goods shipped have actually
been manufactured and are available.
o. Certificate of chemical analysis
To ensure that the quality and grade of items like metallic ores,
pigments, etc. is the same as specified in the sale contract, importers may
require the exporters to send a certificate of chemical analysis from a
recognized analyst.
p. Certificate of Shipment
Certificate of shipment agent that a certain lot of goods have been
shipped.
q. Health Certificate
When the goods that are exported are foodstuffs, marine products,
hide, livestock etc., usually depending upon the goods which are being
imported, a certificate from the health/veterinary/sanitary authorities is
called for by the overseas buyer or their custom department. This is
because the importing country desires to know if the goods are fit for
human consumption and are free from any decease which can later on
create a problem.
r. Certificate of Conditioning
Certificate issued by a Competent office in which, on the basis of
the ascertained humidity factor, the dry weight of wool or silk is reckoned
and certified.
s. Antiquity Certificate

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This certificate is issued by the Archaeological Survey of India in
the case of antiques.
t. Certificate of Measurement
Freight can be charged either on the basis of weight or
measurement. When it is charged on weight basis, the weight declared by
exporter is accepted
u. Transshipment Bill
This document is used for goods imported into a customs
port/airport intended for transshipment.
v. Cart/Lorry Ticket
This ticket is prepared for admittance of cargo through the port
gate. This is also known as ‘Vehicle Ticket or Gate Pass’. This includes
the details of export cargo i.e. Shipper’s Name, Cart/Lorry no., mark on
packages, quantity and description.

w. Short Shipment Form


Short Shipment form is an application to the customs authorities at
port advising the Short shipment of goods and for claiming the return of
the duty and/or cess paid on such short shipping goods.
x. Shipping Advice
A shipping advice is used to inform the overseas customer about
the shipment of goods. The shipping advice is prepared in aligned
document. The exporter only advices his importer about the invoice no.,
bill of lading/airway bill no. and date , name of the vessel with date, the
port of export, description of goods and quantity and the date of sailing of
the vessels.

Company’s Export status

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During the year under review, your Company has achieved total export
turnover of Rs. 20465.24 lacs as compared to Rs. 12566.07 lacs last year,
registering growth of 63% over last year. Your Company expects

Reasonable growth in the overall export sales in the current year. It has
been granted One Star Export House status by the Government of India, Office
of the Jt. Director General of Foreign Trade. With its improved performance,
the Company expects further improvement in this status.

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EXPORTING COUNTRIES:

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DIRECTORS REPORT YEAR END: MAR '08

The Directors are pleased to present the twenty fourth Annual Report
together with the audited accounts of the Company for the year ended 31st
March, 2008.
Financial results (Rs. in lacs)
year ended year ended
31.03.2007 31.03.2008

Sales and other income 153867.94 108122.23


Profit before. 30367.34 10511.46
depreciation and tax
Depreciation and 6611.18 5286.22
exceptional item
Profit before tax 23756.16 5225.24
Provision for tax 5903.51 1119.93
Net profit 17852.65 4105.31
Debenture redemption 125.00 125.00
reserve written back
Profit brought forward 23040.98 21789.31
Profit available for 41018.63 26019.62
appropriation
Which the Directors have
appropriated as follows;
- Transfer to general reserve 4500.00 2000.00
- Proposed dividend 1115.30 836.48
- Corporate dividend tax 189.55 142.16
Balance carried forward 35213.78 35213.78 23040.98

Dividend
Your Directors are pleased to recommend a dividend of Rs. 4 (Rupees
Four only) per equity share. The outgo on dividend will be Rs. 1304.85 lacs,
including tax on dividend.

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Performance

Sales and other income for the year have been Rs. 153867.94 lacs,
compared to Rs 108122.23 lacs last year, registering a growth of 42%. Profit
before depreciation and tax for the year has been Rs. 30367.34 lacs as compared
to Rs 10511.46 lacs last year, showing a growth of 189% and net profit after tax
for the year has been Rs. 17852.65 lacs. Growth in profit was possible as a
result of increased production and productivity volume, higher sales realization,
better cost management and operational efficiencies.
During the year, your Company produced 122394 MT of MEG
compared to 88350 MT last year. Ethoxylates and performance chemicals
production have been 32215 MT, compared to 28952 MT last year. Glycols
ethers and acetate production has been 40793 MT, compared to 25517 MT last
year.
The Company has produced 186363 KBL of alcohol at its distilleries at
Kashipur and Gorakhpur, which has supplemented ethanol required for
production of MEG and has reduced the dependence on purchase of alcohol.
The Company has also produced 27529 KBL of potable alcohol.

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The Company has set up a turbo generator of 12 MW capacities. This
plant generates power by using high- pressure steam before the same is used at
low pressure in the process. This has resulted in substantial power saving.

Marketing
Sale of MEG has been 121844 MT compared to 96120 MT last year,
registered a growth of 27% over the last year. The sale of ethoxylates and
performance chemicals has been 31981 MT compared to 30343 MT last year,
registered a growth of 5% over the last year. Sale of glycols ethers and acetate
have been 41859 MT compared to 24637 MT last year, registering a growth of
70% over the last year.
Guar gum
During the year, your Company achieved total sales of Rs. 534 lacs of
the guar gum products out of which the export turnover was Rs. 525 lacs,
compared to total sales of Rs. 1291 lacs out of which the export Turnover was
Rs. 1288 lacs last year. The Company is diversifying into the field of guar gum
derivatives used for the oil field industry and textile industry.

Ethyl alcohol (potable) and extra-natural alcohol


During the year, there has been substantial growth in the ethyl alcohol
(potable) segment. Your Company registered total sales of Rs. 24617 lacs
compared to Rs. 15308 lacs last year. Efforts are being made to
Further increase the sales of ethyl alcohol (potable). The segment
contributes around 16% in the total revenues of the Company. It has the most
modem and the largest captive distillery in Asia.

Ennature bio-pharma division (100% export-oriented unit)


The Company has set up a 100% export-oriented unit (100% EOU) by
the name of Ennature Bio-pharma Division. The Company has taken 47 acres

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land on lease from the Uttarakhand government, where it will grow a wide
variety of medicinal plants, etc. It is also setting up a supercritical fluid
extraction facility (SCFE) at Dehradun which will be compliant with cGMP. The
SCFE at Dehradun will start pilot operation from July 2008 and commercial
production from August 2008. This unit will be used for extraction of dietary
food supplements, natural colors, health care fruits and vegetables, herbal
extracts, fruit flavors and fragrances and spice flavors and extracts. The future
thrust is on supplying more refined natural active pharmaceutical ingredients
(API) and intermediates to pharmaceutical and natural health product industries.
All these are highly value-added products. Since this will be a 100% EOU, this
diversification will also provide tax benefit.

Industrial gases
The Company produced 77246457 NM3 of oxygen and 23226354 NM3
of nitrogen during the year. Both the oxygen and nitrogen were successfully
marketed and also used for own requirement. The industrial gases division also
produced 1723494 NM3 of argon, which was also marketed at remunerative
price.

RAB (concentrated sugarcane juice)


During the year under review, the RAB (concentrated sugarcane juice)
unit was completely operational. The entire production of RAB was consumed
captively to supplement the ethanol requirement.
Expansion / modernization / diversification plans
The Company will further de-bottleneck its MEG capacity by 20%. It
will shut down its chemical plant for debottlenecking and change of catalyst.
The industrial gases division is diversifying to produce food grade
liquid carbon di-oxide (C02) both at the Kashipur and Gorakhpur plants having
capacities of 80 MT/day each, to meet the growing domestic market. The

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facilities are expected to be commissioned at the Kashipur plant by the end of
May 2008 and at the Gorakhpur plant by the end of June 2008.
Your Company is diversifying into the field of guar gum derivative
used for the oil field industry and textile industry. It is modifying its existing
plant to produce value- added derivatives for the oil field industry, specialty
derivatives for the food and paper industry and the textile Industry.
The Company is setting up 9-MW turbo generator and slop boiler at the
Kashipur Plant for the generation of steam by way of incineration of
effluent coming out of the distillery after concentration in evaporator, to
optimize the cost of power by replacing essential power of DG set for continuous
running of the plant. The power generated through the 9-MW turbo generator
will be captively used, which will result in the saving of power cost.
The Company is also setting up a 12-MW turbo generator and slop
boiler at the Gorakhpur Plant for generation of power through heat energy of
distillery effluent incineration in the boiler after concentration. The Company
proposes to sell about 7 to 8 MW power generated to the grid.

Finance
During the year under review, the Company has raised foreign currency
loans of US$ 5.83 million and rupee loans of Rs. 47 crore to partly finance the
project cost of the ongoing capital expenditure and for
Construction of the corporate office. The borrowing cost of funds has
increased to over 8.5% as compared to 7.5% last year.
The Company has been regular in meeting its obligations towards
payment of principal/interest to financial institutions/banks/debenture
holders/fixed deposit holders.

Listing of securities

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The shares of the Company will continue to be traded at the Bombay
Stock Exchange and the National Stock Exchange.

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Subsidiary companies
Your Company has also established a subsidiary in Singapore to
augment its activities in the South East region and help the marketing of
products from the supercritical fluid extraction facility at Dehradun to large
buyers in the US and Europe.
As required under Section 212 of the Companies Act, 1956, the audited
statement of accounts, along with the report of the Board of Directors and the
Auditors Report thereon, of the subsidiary company viz. IGL Finance Limited,
IGLCHEM International Pte. Ltd. and Shakumbari Sugar and Allied Industries
Ltd., for the year ended 31st March, 2008, are annexed.

Fixed deposit
The amount of fixed deposit held as on 31.st March, 2008 was Rs.
2090.80 lacs. There are no overdue deposits except for unclaimed deposits
amounting to Rs. 38.33 lacs.

Directors
Your Directors at their meeting held on 30th April 2008, expressed their
condolence on the sad demise of Shri M.L. Bhartia, the Chairman of the Board
of Directors. The late M.L. Bhartia was the founder promoter Director of the
Company and the guiding force behind the successful setting up of the state-of-
the-art chemical manufacturing plant at Kashipur in the rich belt of sugarcane-
growing areas of erstwhile Uttar Pradesh. The Board recalled the late M.L.
Bhartias outstanding leadership in guiding the Board to steer the Company to its
current status as one of the leading chemical manufacturing companies of India.
The Board appreciated his strong commitment, deep -dedication and active
participation in leading the Company till his last breath. The Board also recalled
his visionary leadership, Unstinted efforts and foresight ness in the
implementation of the various expansion and diversification plans of the

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Company. It expressed its condolence in silence to commemorate the late
Chairman.
The Board placed on record its deep appreciation of unstinted efforts of
Late M.L. Bhartia in steering the Company to its present position and in
providing visionary leadership and directions.
Smt. Jayshree Bhartia, Shri Jag Mohan N. Kejriwal and Shri Pradip
Kumar Khaitan, Directors of the Company, retire by rotation and being eligible,
offer themselves for reappointment. Your Directors recommend the
reappointment of the retiring Directors for your approval.
The Board of Directors has appointed Shri N. Ramachandran and Shri
M.K. Rao as Additional Directors of the Company, who will hold the office till
the Annual General Meeting of the Company. The Board has recommended the
appointment of Shri N. Ramachandran and Shri M.K. Rao as Directors of the
Company, whose period of office will be determined by the retirement of
Directors by rotation.
Further, Shri M.K. Rao has also been appointed as the Executive
Director of the Company w.e.f. 1st May, 2008 for a period not exceeding five
years, in accordance with the provisions of the Companies Act, 1956. The
appointment of the Executive Director is subject to confirmation at the ensuing
Annual General Meeting, which is included as special business item in the
Notice for convening the Annual General Meeting.

Directors responsibility statement


Pursuant to Section 217(2AA) of the Companies Act, 1956, your
Directors confirm that:
- In the preparation of the annual accounts, the applicable accounting
standards have been followed along with proper explanation relating to
material departures;

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- Appropriate accounting policies have been selected and applied
consistently and judgments and estimates have been made that are
reasonable and prudent, so as to give a true and fair view of the state of
affairs of the Company at the end of the financial year ended 31 st March,
2008, and of the profit and loss of the Company for that period;
- Proper and sufficient care has been taken for the maintenance of adequate
accounting records in accordance with the provisions of the Companies
Act, 1956, for safeguarding the assets of the Company and for preventing
and detecting fraud and other irregularities;
- The annual accounts have been prepared on a going concern basis.
- Management discussion and analysis, a separate report is appended
herewith.

Corporate Governance
The Board of Directors supports the broad principles of Corporate
Governance. The report on Corporate Governance as stipulated in Clause 49, as
amended, of the Listing Agreement with the stock exchanges for the year ended
31st March, 2008, and Auditors Certificate on Corporate Governance are
appended herewith.

Auditors
The Auditors, M/s. Lodha & Co., retires at the ensuing Annual General
Meeting and offer themselves for reappointment. They have confirmed that they
are eligible for reappointment under Section 224(1 B) of the Companies Act,
1956. Environment, energy conservation, technology absorption, etc. Your
Company has taken various measures for energy conservation at its chemical
plant, such as synchronization of UPCL with captive power grid, resulting in the
reduction of high-cost RFO consumption in DG sets. Additionally, a new
bagasse-fired boiler has been commissioned in the RAB unit for steam

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generation from bagasse in place of coal, and TG 12-MW steam turbine has been
commissioned for reducing RFO consumption in DG sets.
Energy conservation measures have also been taken at the distillery
plant, such as use of alcohol scrubbers in distillery fermentation and distillation
section for increased alcohol recovery and reduction in steam requirement,
The Company is also implementing measures for reducing the
consumption of energy such as installation of extraction / back pressure steam
turbine with capacity of 8.64 MW; MEG return condensate for Rab boiler de-
aerator - resulting in increased heat recovery from MEG DM water pre-heater;
LP steam saving in T-320 by utilization of steam generated from MEG column
condenser; OSBL alcohol pre-heating by using heat of recycled water; reducing
the RFO consumption in MEG heater by maximizing the bio- gas in heater; use
of MP steam instead of HP steam in all the three new evaporator . Trim reboilers
of MEG - resulting in increased power generation from extraction/backpressure
turbine; and pre- heating of 12-MW turbine condensate with dehydration steam
condensate (exchanger is to be replaced with new exchanger), resulting in more
energy saving.
Your Company has also taken environmental conservation measures by
setting up a bio-composting facility to produce natural manure as a substitution
to chemical fertilizers. The Company is also working actively to reduce effluent
generation at the source by achieving zero discharge through adopting ferti-
irrigation, bio- composting, reverse osmosis (RO), concentration followed by
incineration to conserve the fossil fuel and other effective and competitive
techniques.
The Company has installed distillery effluent evaporators at Gorakhpur
and the concentrated effluent is burnt in specially designed boilers; the calorific
value of the concentrated effluent generates super-heated steam which is utilized
in the turbo generator with capacity of 12.5 MW for power generation. The
Company proposes selling of the surplus 8-MW power generated to the grid. In

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the same way, your Company has installed distillery evaporator at the Kashipur
plant along with boiler and the super-heated steam produced will generate power
in a 9- MW back-pressure turbo generator. The power will be utilised for plant
operation as essential power, which is being generated by DG set and the back
pressure steam will be utilised for plant operation.
In accordance with the provisions of Section 217(1 )(e) of the
Companies Act, 1956, and the Companies (Disclosure of particulars in the
Report of Board of Directors) Rules, 1988, the required information relating to
conservation of energy, technology absorption and foreign exchange earnings
and outgo are annexed hereto and form part of this Report.

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Human resources
Your Directors wish to place on record their deep appreciation to
employees at all levels for their all-round efforts, dedication, commitment and
loyal services which helped in achieving satisfactory performance during the
year. The required information as per Section 217(2A) of the Companies Act,
1956, read with the Companies (Particular of Employees) Rules, 1975, forms
part of this report. However, as per the provisions of Section 219(1 )(b) (iv) of
the Companies Act, 1956, the report and accounts are being sent to all
shareholders of the Company, excluding the statement of particulars of
employees under Section 217(2A)of the Act. Any shareholder interested in
obtaining a copy of the said statement may write to the Company Secretary at
head office of the Company.

Social responsibility
Good governance demands adherence to social responsibility coupled
with value creation in the larger interest of the general public. Your Company,
Directors and its dedicated employees continue to contribute towards the society
through several worthwhile causes. Your Company aims to enhance the quality
of life of the community in general and has a strong sense of social
responsibility.
The range of our activities begins in and around Kashipur (Uttarakhand)
by organizing regular medical camps (three days a week) so that villagers get
medical assistance free of cost. The Company actively participates in organizing
blood donation camps, plantation of trees for better environment, facilitating in
the constructing roads, bridges, drains and installing street lamps and hand
pumps for drinking water, benefiting nearby areas. The Company also extends
support to the victims of flood during monsoon, distributes blankets to the poor
during winter, promotes sports and socio-cultural activities in the state of
Uttarakhand, supports the local administration in fighting and managing fire

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accidents and other disasters taking place in proximity to the factory and other
noble works in the area surrounding the Factory.
Your Company is supporting a community school at Dwarka, New
Delhi, through a charitable institution called Nirmal Bhartia Society for
education promotion, by making grants. The school is now operational and
equipped with modern facilities and robust infrastructure. The School possesses
a qualified and experienced faculty, which enable children to make a great
future. The Company has also sponsored a faculty position in the Herbal
Research & Development Institute, centre of aromatic plants at Dehradun to
promote herbal development in the state of Uttarakhand.
Your Company is extending educational and on-job training to the
students of many professional institutions such as The Institute of Company
Secretaries of India, The Institute of Chartered Accountant of India and the
professionals of many other management and engineering institutions, helping
them to make a new beginning to their future professional career.
At the end, your Directors constantly strive to serve the society by
implementing other policies which benefit people at large.

Acknowledgment
Your Directors place on record their deep appreciation of the support
extended by the Central Government, states of Uttarakhand and Uttar Pradesh,
financial institutions and banks and look forward to their continued support.

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QUARTERLY OVERVIEW OF THE COMPANY

1.Net Sales
Q1 FY2009: At Rs 2,500.6 million from Rs.2, 712.1 million.
2. PAT
Q1 FY2009: At Rs. 121.3 million from Rs. 356.3 million
3. EPS
Q1 FY2009: At Rs. 4.35 from Rs. 12.78 million

India Glycol Limited (IGL), a market leading player in Ethylene Oxide


Derivatives (EOD) announced its performance for Q1 FY2009 today.
Quarterly review: Net Revenues in Q1 FY2009 stood at Rs. 2,500.6
million from Rs. 2,712.1 million- this is on account of production losses given
the planned shut-down at the Kashipur facility undertaken to carry out a change
in catalyst and the stabilization subsequently of the facility. This de-
bottlenecking is resulting in a 20% rise in production volumes for the Company.
Other Income in the period was at Rs. 77.3 million as against Rs. 190.1 million.
The PBIDT For Q1 FY2009 was at Rs. 427.2 million from Rs. 744.0 million last
year. The Interest related expanses was at R. 109.6 million from Rs. 119.0
million. Depreciation related expenditure was at Rs.147.6 million from Rs. 141.6
million. Profit Before Tax changed from Rs. 483.4 million to Rs. 170.0 million
in Q1 FY2009 –given the lower Production achieved in the quarter. Net Profit
was at Rs. 121.3 million from Rs. 356.3 million-translating into EPS of Rs. 4.35
(Rs. 12.78 in Q1 FY2008).
Growth Opportunities
• Performance in FY2009 will be driven by a combination of factors-
primarily the increase being witnessed in the Chemicals Facility.
Post the change of catalyst at the Kashipur plant, the volume
increase is expected to stand at 20%

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• The market for EOD’s continues to show strong traction. The
Company is expected to increase the volume and value contribution
from these products strongly in the future.
• The overall result will be subject to realization trends within MEG.
The macro factors in this business appear good-given the strong
demand for polster products. Further the prices of molasses are
expected to trend upward given the decline in cane acreage overall.
In the meantime, the company is strengthening its flexibility in usage
of key input –sugarcane, molasses and ethanol. As the largest plater
in the molasses/ethanol market the Company has storage capacities
to meet internal requirements for 3-4 months.
India Glycols-Outlook
• In fiscal year 2009-10 IGL will see noticeable improvements to
revenue and earnings performance owing to:
 Volume upsides on account of the 20% increase in production
achieved due to catalyst change and de-bottlenecking at Chemicals
facility at Kashipur.
 Strong product line-up in Chemicals-with higher proportion of
turnover from value added, performance chemicals.
 Augmented distillery capacities that will result in higher level of
captive sourcing of ethanol –thereby benefiting already good
performance in chemicals. Power generation from distillery effluents
will ramp-up and further enhance profitability.
 Strong growth prospects are also in the IMFL and Country liquor
business, where the Company has plans to improve the distribution of
its range to other market nationally.
 The new business initiatives taken by the company i.e.
Nutraceuticals and the Co2 can also be expected to show better
traction in the same period.
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INDIA GLYCOLS GETS A PRUDENT PUSH

The bulls have been waiting in anticipation for some time for the Sensex
to climb over 8000. But the jinx continued as they were thwarted again. The
blame was squarely placed on the government’s decision to hike fuel prices.
However, the optimists far outnumber the pessimists at the street and are betting
for the index to take the final few steps before the week is over.
Right chemistry
Prudent Fund has taken a liking to the chemicals stock India Glycols, as
evidenced by its purchases at the counter. The stock has been on a vertical climb
in the past few weeks and has seen a 79 per cent appreciation in the past month
alone to Rs 259.
Apparently, what has caught the attention of Prudent is the fact that
molasses prices has been falling. To make the connection apparent, India
Glycols makes mono-ethylene glycol (MEG), for which it uses molasses as raw
material.
According to pundits, molasses prices have fallen by more than 25 per
cent in the last month and a further fall is expected. Also Prudent feels that the
stock valuation at 9x is very low, compared with its growth potential.
Going soft
Those who have been wondering about the reason behind the rise in stock
price of Four Soft got their answers. Close on the heels of many domestic and
foreign fund purchases at the counter, came news that the company has signed
an agreement to acquire the logistics software business of UK-based DCS
Transportation for $19 million (over Rs 85 crore) in an all-cash deal. Apparently,
this would make Four Soft the world’s largest transportation and logistics
software product company.
The buying at the counter had taken the stock price from Rs 45 levels a
month back to above Rs 100. Phoenix fund was among the many who had

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bought the stock in anticipation of the deal. The buyers were quick to book
profits too, which led to the stock tumbling down yesterday.
However, domestic operators who have been late to wake up, were back at
the counter on Tuesday, resulting in a 2.5 per cent rise in stock price.
In other news...
The Amtek India stock has witnessed a sustained rise over the past few
months. The buzz has been that the company could get merged with Amtek
Auto. Pundits have been noting that any such merger is sure to enhance the share
value of Amtek India. However, some are already in the mood to book profits at
the counter. Uncle Sam for example has decided to book profits at the counter at
Rs 502 levels. Considering the fact that the stock has gained more than 90 per
cent in the past four months, that seems to be a wise decision.
India Glycols buys UP sugar firm In a bid to expand backward integration
and get a strategic hold on ethanol costs, the Rs 1,400-crore India Glycols Ltd
(IGL), a leading petrochemicals and specialty chemical player controlled by the
Bhartia group, has acquired a 96.6 per cent stake in UP-based Shakumbari Sugar
& Allied Industries Ltd for Rs 47 crore. India Glycols will invest Rs 180 crore in
the acquired company to enhance its distillery, power generation and crushing
capacities, the company said in a statement on Sunday.Shakumbari Sugar has a
crushing capacity of 3,200 tonnes per day (TCD) along with a modern distillery
of 40 kilo-litres per day, which will be increased to 7000 TCD and 250 kilo-litres
per day, respectively.Shakumbari Sugar has a captive cogeneration power
capacity of 8 megawatts, which would be increased to 40-50 MW. The company
intends to sell the surplus power after meeting its captive requirements.
“This acquisition is a first step towards attaining a complete backward
integration for the company. This would greatly strengthen our position to
enable us to operate at an optimum capacity required for a robust growth strategy
of ours,” the company said in statement. The acquisition would further help in
meeting the company’s requirement for the supply of ethanol to oil companies

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for blending with crude-based fuels, besides giving a cost advantage for captive
consumption, a company official said. India Glycols is engaged in the
manufacture of MEG (monoethylene glycol), ethoxylates and performance
chemicals, glycol ethers and acetates, ethyl alcohol (potable) and industrial
gases.

CONCLUSION

To work in India Glycol Ltd. under Commercial department was a


wonderful experience for me as a trainee. That was just like my non salary based
job in which I have learnt a lot. I got the exposure of practical work apart from
my learning stage. I have found real working environment where the employees
give their best in the job. IGL was a first industry in India which produce
Ehtlene Oxide and Mono-ethele glycol as a product and was the largest exporter.
In the fiscal year 2009-10 there are a lots of growth opportunities for generating
revenue like company move towards the 100% export orientated unit in by the
name of Ennature bio-pharma divisioin for extraction of dietary food
supplement, natural colours healthcare fruits and vegetables, But due to the
establishment of plant in Europe with the same key export product in minimum
cost than the India Glycol Ltd. it become down into the International Level so
govt. should support the company and provide extra facilities to encourage the
export.
I found in IGL every employee got the best facilities related to education
of their wards, sports, medical, transportation and security, these all facilities
make employees to be psychologically relaxed towards their family and loyal
towards the organization.

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