Matix Group, a prominent player in the Indian fertiliser sector, is making its foray into industrial and speciality chemicals with a major investment of over Rs 2,600 crore. The company plans to establish Eastern India’s first Iso-Propyl Alcohol (IPA) plant in West Bengal, marking a strategic diversification beyond its fertiliser business. This new plant, slated for completion by FY27, will have an annual capacity of 50,000 tonnes and will strengthen the domestic supply of IPA, a crucial input for pharmaceuticals and personal care products.