Spic

SPIC Group pledges to invest Rs 1,900 crore in Tamil Nadu over next 2 years

SPIC is earmarking Rs 970 crore to revamp the existing urea plant, augment capacity, and establish a 150 MTPD (metric tones per day) green ammonia plant

Southern Petrochemicals reports Q1 PAT at Rs 66.85 cr, total income grows

Southern Petrochemicals Industries Corporation Ltd (SPIC) has reported profit after tax for the April-June 2023 quarter at Rs 66.85 crore, the company said on Thursday. The city-based agri-nutrient and fertiliser company had reported PAT at Rs 27.68 crore during corresponding quarter previous year, a company statement said. For the year ending March 31, 2022 the profit after tax stood at Rs 140.43 crore. The total income during the quarter under review grew to Rs 753.07 crore from Rs 499.16 crore registered during the same period last year. For the year ending March 31, 2022 total income stood at Rs 1,898.31 crore. "The company's robust performance demonstrates our ability to deliver good financial results amid a challenging macro-economic environment," SPIC Chairman Ashwin Muthiah said. "It is proof of the resilience and agility of our business model. On the strength of these positive results, we will continue to play our part in enabling India's self-sufficiency in fertiliser .

SPIC Thoothukudi plant starts receiving natural gas from ONGC facility

The natural gas will be transported from the gas fields of ONGC in Ramanathapuram

SPIC ties up with farmer network to open first Model Fertiliser Retail Shop

Besides selling quality fertilisers at genuine prices, MFRS will provide a range of consulting and agri-related services for enhanced farm productivity

SPIC plans equity investments in power generation companies

Company's annual power requirement is 110 mn units; move will help reduce its power bills