Nexxus Petro Industries Limited, established initially as a private entity in October 2021, transitioned to a public limited company in July 2023. The company specializes in the trading, manufacturing, and sale of petrochemical products, particularly various grades of bitumen. Bitumen, essential in the infrastructure sector for road construction, is sourced through imports from Dubai and domestic suppliers in India.
Nexxus operates processing units in Mundra, Gujarat, where it refines bitumen for further sale. Additionally, the company engages in direct trading of bitumen, catering to diverse customer requirements. Nexxus is preparing an Initial Public Offering (IPO) with the issuance of 18,50,000 equity shares, signaling its growth ambitions and potential market expansion.
