IPO
Haldia Petrochem’s arm Adperma plans public listing
Kolkata-based Adperma , a subsidiary of Haldia Petrochemicals, is planning a public listing as it expands its downstream petrochemical business. The company is also evaluating investments in additional downstream capacities.Founded in 2022, Adperma specializes in the production of chemicals used in the automotive, electronics, and high-performance protective coating industries. The company plans to use the newly inaugurated plant's output to manufacture high-value downstream derivatives.The company intends to increase its production capacity for phenol and acetone over the next few years. This strategy is aimed at reducing the firm's reliance on chemical imports from West Asia and Southeast Asia.
For FY25, Adperma had reported about INR 21 Cr in Operating Income and about INR 6 Cr in Net Loss.
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