Latest news about Southern Petrochemical Industries
Southern Petrochemical shuts plants for maintenance and equipment replacement Oct 03, 2026
Southern Petrochemical Industries Corporation has shut down its plants for maintenance and equipment replacement. Operations are expected to restart within four weeks. No financial impact figures were disclosed with the announcement.
SPIC Reports 60.5% EBITDA Growth in Q1; Appoints New Director
Southern Petrochemical Industries Corporation Limited (SPIC) announced robust Q1 financial results. Revenue increased by 3.5% to ₹780.63 crores, EBITDA grew by 60.5% to ₹110.81 crores, and net profit rose by 13.5% to ₹58.27 crores. The company's urea plant operated for 91 days, producing 1.92 lakh MT of urea with sales of 1.86 lakh MT. SPIC appointed Thiru. V Dakshinamoorthy, IAS, as an Additional Director. The Board recommended a dividend of ₹2.00 per equity share, with September 16 set as the record date. The 54th Annual General Meeting is scheduled for September 23.