Mangalore, 5 November 2026: GAIL (India) Limited has added a new link to its petrochemical portfolio. Its wholly owned subsidiary, GAIL Mangalore Petrochemicals Limited (GMPL), has started up a purified terephthalic acid (PTA) plant with a capacity of 1.25 million tons per annum in the Mangalore Special Economic Zone, Karnataka.
From insolvency to start-up
The facility was built by JBF Petrochemicals Limited, which later went through the Corporate Insolvency Resolution Process. GAIL took over the company in 2023 under a resolution plan cleared by the National Company Law Tribunal. It then carried out a large-scale revival and refurbishment of the idle plant. According to the company, the work involved significant engineering,…