Southern Petrochemicals Industries Corporation Ltd

About Southern Petrochemical Industries Corporation

In the sector of agrochemicals and fertilizers, Southern Petrochemical Industries is a leading corporation. The company supplies a wide range of fertilizers to support agricultural needs like water soluble fertilizers, organic fertilizers, non-edible deoiled cake fertilizers, and biopesticides among other agricultural products. The main focus of the company is on urea production, which is a key nitrogenous fertilizer essential for various crops. For Tamil Nadu and Puducherry, the company is a lead fertilizer supplier (LFS) and the company uses advanced technology like ePOS machines to carry out sales activities. There is consistent movement in Southern Petrochemical Industries Corporation Ltd's share price depending on its quarterly earnings reports. You can check the southern petrochemical share price on BlinkX.

History of Southern Petrochemical Industries Corporation 

Southern Petrochemical Industries Corporation was founded in 1969 in Chennai. In earlier times, the company started as a joint venture between Dr M A Chidambaram and the Tamil Nadu Industrial Development Corporation Limited (TIDCO). In the 1980s and 1990s, the company diversified its operations by progressing towards petrochemicals, engineering services, and energy sectors, while keeping its aim on the fertilizer business. To stay competitive in the market the company has gone through multiple phases of modernization and expansion. Despite having many challenges in the past, the Southern Petrochemical Industries Corporation Limited Share price has been relatively stable as it is a major player in the Indian fertilizer sector. 

Key Personnel of Southern Petrochemical

The following are the key personnel of Southern Petrochemical Industries Corporation.

• Dr. Ashwin C Muthiah is the Chairman of the company.  
• Mr. E Balu is the Whole Time Director.
• Debendranath Sarangi is an Independent Director of this company. 
• K R Anandan is the Chief Financial Officer of the company.  
• Ms. Devaki Ashwin Muthiah serves as the Director of the company.   

These imminent personalities have helped the company grow, which is reflected in the Southern Petrochemical Industries Corporation share price.

Subsidiaries of Southern Petrochemical Industries Corporation

The following are the subsidiaries of Southern Petrochemical Industries. 

SPIC Petrochemicals Limited

SPIC Petrochemicals Limited is a subsidiary of Southern Petrochemical. The focus of this company is on the production and marketing of petrochemical products. It contributes to a broader petrochemical industry. The company manufactures products like polymer grades and other chemical derivatives.  

Orchard Microsystems Ltd

Orchard Microsystems Ltd develops and supplies technological solutions. This majorly includes software and hardware that are related to electronic systems and devices.

Indo-Jordan Chemicals Company Ltd

The company is a joint venture. The company is in the production of specialty chemicals, enhancing SPIC's product offerings in the chemical sector. 

Ind-Ital Chemicals Ltd

Ind-Ital Chemicals Ltd is in the production of agrochemicals and chemicals. The company contributes majorly to the fertilizer and agricultural sector. 

SPIC Fertilizers and Chemicals Ltd, Mauritius

The company manufactures and markets chemicals and fertilizers in the Mauritius market. The company aims to expand the SPIC's international presence. 

These subsidiaries of the company have helped it grow over time, which has been reflected in the Southern Petro share price.

Financial Performance of Southern Petrochemical Industries Corporation share price

• The company’s financial performance has shown a mixed trend due to the challenges in the agricultural and fertilizer industries. 
• The first quarter ended June 30, 2024, and the company reported earnings results. In the first quarter, the company reported a sale of INR 7,517.4 million compared to INR 5,670.6 million a year ago. 
• In the last three years, the company has shown a good profit growth of 70.95% and has been maintaining a healthy ROE of 25.37% over the past 3 years. 

The southern petrochemicals share price reflects the company's performance in the competitive agrochemical market. Investors can track the Southern Petrochemical Industries Corporation share price on the NSE and BSE or any stock trading platform.