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Latest news about Manali Petrochemicals

Manali Petrochemicals Completes ₹247 Crore Sale of Notedome Limited to C.O.I.M. S.p.A Nov 18, 2025

Manali Petrochemicals Limited (MPL) has sold its step-down subsidiary, Notedome Limited, to C.O.I.M. S.p.A. for ₹247 crore (£21.17 million). The sale, completed on November 17, 2025, is part of MPL's strategic restructuring to focus on core businesses in the Indian market. MPL will continue to market cast elastomers in India under a new trademark. The move aims to optimize capital allocation and focus on high-growth market segments in automotive, cold chain, construction, footwear, and propylene glycol derivatives.

Manali Petrochemicals Shareholders Unanimously Approve Director Appointment and Subsidiary Sale Nov 17, 2025

Manali Petrochemicals Reinstates UK Subsidiary for Tax Refund Purposes Nov 10, 2025

Manali Petrochemicals Reports Strong Q2 Performance with 90x Jump in Net Profit Nov 10, 2025

Manali Petrochemicals' Subsidiary to Divest Entire Stake in UK-Based Notedome Limited Oct 20, 2025

More news about Manali Petrochemicals

15Oct 25

Manali Petrochemicals to Divest UK Subsidiary Notedome Limited

Manali Petrochemicals Limited (MPL) has approved the sale of its entire stake in Notedome Limited, a UK-based wholly-owned material step-down subsidiary. The transaction, to be executed by AMCHEM SG, MPL's overseas subsidiary, will be sold to C.O.I.M. S.p.A. for at least 8.5 times the adjusted EBITDA of £2.12 million. The deal is expected to complete by November 2025, subject to shareholder approval via postal ballot. Notedome Limited contributed 10.63% to MPL's income and 5.57% to its net worth in FY 2024-25. Post-transaction, Notedome will cease to be a subsidiary of AMCHEM SG and MPL.

03Oct 25

Manali Petrochemicals Announces Major Leadership Changes

Manali Petrochemicals Limited (MPL) has announced significant leadership changes effective October 3, 2025. Ms. Srishti M Bathija, a Chartered Accountant with over a decade of experience, has been appointed as the new Chief Financial Officer for the MPL Group. Ms. K Lalitha, the outgoing CFO, will transition to a non-KMP finance role. Additionally, Mr. Anand Raghavan, with 39 years of experience in the financial sector, has been appointed as a Non-executive Independent Director for a five-year term, subject to shareholder approval.

15Sept 25

Manali Petrochemicals Secures BIS Certification for Polyols, Boosting Quality Standards

Manali Petrochemicals Limited (MPL) has obtained Certification Marks Licences from the Bureau of Indian Standards (BIS) for its polyether and polyester polyols products. The certification, valid for one year, demonstrates MPL's commitment to quality, regulatory compliance, and Good Manufacturing Practices. This achievement is expected to enhance customer trust, support the 'Make in India' initiative, and potentially set new quality benchmarks in the petrochemical industry. MPL voluntarily disclosed this information to stock exchanges, emphasizing their commitment to transparency and good corporate governance.

05Sept 25

Manali Petrochemicals Shifts Dividend Record Date to September 9, 2025

Manali Petrochemicals Limited (MPL) has changed its dividend record date for FY 2024-25 from September 8 to September 9, 2025, due to an RBI circular declaring September 8 as a Clearing/Settlement Holiday. The new record date is set for the closing hours of September 9, 2025. MPL will use the beneficial owners list from NSDL and CDSL to determine dividend eligibility. All other aspects of the dividend declaration remain unchanged.

12Aug 25

Manali Petrochemicals Confirms September 8, 2025 as Record Date for FY 2024-25 Dividend

Manali Petrochemicals Limited (MPL) has confirmed September 8, 2025 as the record date for its FY 2024-25 dividend declaration. Shareholders registered as beneficial owners at the close of business hours on this date will be eligible for the dividend. MPL's Q1 FY 2025-26 consolidated results show a total income of Rs. 242.69 crore, with a Profit After Tax of Rs. 14.35 crore. The company's Chairman emphasized their focus on navigating challenging market conditions through internal efficiencies and customer focus.

11Aug 25

Manali Petrochemicals Reports Mixed Q1 Results, Announces Board Changes and Dividend

Manali Petrochemicals Limited (MPL) reported mixed Q1 results with standalone revenue down 8.2% to ₹16,325.00 lakhs and net profit falling 57.7% to ₹302.00 lakhs. However, consolidated results showed growth with revenue up 32% to ₹23,467.00 lakhs and net profit increasing 10.1% to ₹1,434.00 lakhs. The company announced a dividend of ₹0.50 per share, subject to shareholder approval. MPL faced operational challenges due to Cyclone Michaung, with insurance claims of ₹2,183.00 lakhs under assessment. The company has resumed full plant operations and awaits lease renewal for one of its manufacturing units.

29Jul 25

Manali Petrochemicals Signs Strategic MoU with Chennai Petroleum Corporation

Manali Petrochemicals Limited (MPL) and Chennai Petroleum Corporation Limited (CPCL) have signed a non-binding Memorandum of Understanding for strategic collaboration in the petrochemical sector. The partnership aims to foster mutual growth and innovation. The MoU was signed by P Kannan, Director (Operations) of CPCL, and R Chandrasekar, Managing Director & CEO of MPL Group, with key officials from both companies present at the signing ceremony.

28Jul 25

Manali Petrochemicals Secures Approval for Expanded Propylene Glycol Facility

Manali Petrochemicals Limited (MPL) has obtained Consent to Operate from the Tamil Nadu Pollution Control Board for its expanded Propylene Glycol facility in Manali, Chennai. The approval, valid until March 31, 2030, allows MPL to commence manufacturing operations at the enhanced production capacity. This expansion is expected to boost the company's output, potentially increasing its market share and competitiveness in the petrochemical sector.

25Jul 25

Manali Petrochemicals Inks Strategic Partnership Agreement with Chennai Petroleum

Manali Petrochemicals Limited (MPL) has entered into a non-binding Memorandum of Understanding (MOU) with Chennai Petroleum Corporation Limited (CPCL). The partnership aims to foster mutual growth and innovation in the petrochemical industry. While the agreement is non-binding, it sets the foundation for potential collaboration that could lead to enhanced operational efficiencies and new product developments. MPL voluntarily disclosed this development to stock exchanges, demonstrating commitment to corporate governance and transparency.

16Jul 25

Manali Petro Boosts Production Capacity to 50,000 KTPA, Eyes ₹500 Crore Annual Revenue

Manali Petrochemicals Limited (MPL) has expanded its Propylene Glycol (PG) production capacity by 50,000 KTPA at its Plant II in Manali, Chennai. The new facility, inaugurated on July 16, 2025, increases MPL's total PG capacity to 72,000 KTPA. This expansion is expected to generate an additional annual revenue of ₹500 crore, representing over 55% growth. The facility will begin operations after receiving the Consent to Operate from the Tamil Nadu State Pollution Control Board.

16Jul 25

Manali Petrochemicals Inaugurates Expanded Propylene Glycol Facility, Triples Production Capacity

Manali Petrochemicals Limited (MPL) has inaugurated an expanded Propylene Glycol (PG) facility at its Plant II in Manali, Chennai. The expansion adds 50,000 tonnes per annum (KTPA) to the existing 22,000 KTPA, bringing the total PG production capacity to 72,000 KTPA, a 227.27% increase. The new state-of-the-art facility awaits Consent to Operate from the Tamil Nadu State Pollution Control Board before commencing operations. This expansion is expected to strengthen MPL's market position and potentially increase revenue streams in the petrochemical industry.

13May 25

Manali Petrochemical's Q4 Profit Surges Amid Revenue Dip

Manali Petrochemical Ltd's Q4 consolidated net profit soared 730.77% YoY to ₹108.00 crore, despite a 10.16% revenue decline to ₹2,300.00 crore. EBITDA increased 21.32% to ₹210.00 crore, with EBITDA margin improving from 6.75% to 9.13%. The company's strong profit growth, despite revenue challenges, indicates successful cost management and operational efficiency improvements.

12Mar 25

Manali Petrochemicals Boosts Stake in Amplus IRU with ₹88.25 Crore Investment

Manali Petrochemicals Limited (MPL) has increased its investment in Amplus Iru Private Limited to ₹88.25 crore, raising its total stake to 2.57%. This move follows a Power Purchase Agreement and aims to comply with captive power generation regulations while potentially reducing long-term energy costs. The investment aligns with MPL's strategy to secure renewable power sources and enhance operational efficiency.