I G PETROCHEMICALS LTD. - Updates

IG Petrochemicals Ltd has informed BSE that the Company has through its wholly owned subsidiary IGPL (FZE) entered into a Joint Venture (JV) with M/s. Dubai Natural Gas Co. Ltd., UAE ("DUGAS") for the manufacturing of Maleic Anhydride with a capacity of 45,000 MTPA. DUGAS is a wholly owned subsidiary of the Emirates National Oil Company (ENOC) and are a well diversified large conglomerate with interest in the oil and gas industry.<BR><BR>The JV will be called ENOC - I G Petrochemicals LLC.