Southern Petrochemical Industries starts receiving natural gas from Indian Oil Corporation

Southern Petrochemical Industries Corporation Ltd. | Fertilizers | Chemicals & Fertilizers | BSE: 590030 | NSE: SPIC

15 Mar 2021 Evaluate

Southern Petrochemical Industries Corporation (SPIC) has started taking delivery of natural gas directly from Indian Oil Corporation (IOCL's) recently inaugurated Ramanathapuram-Thoothukudi natural gas pipeline, at its Thoothukudi factory in Tamil Nadu. The company is one of the anchor customers to benefit from this pipeline. In the first phase, natural gas will be made available directly to SPIC's plant as feedstock and fuel, transported from Oil and Natural Gas Corporation’s (ONGC) gas wells through the IOC pipeline. In the second phase,

IOC will also supplement the supply of natural gas from its LNG facility in Enmore, near Chennai.The total natural gas requirement for SPIC is 1.5 million metric standard cubic metres (MMSCMD) a day.

SPIC since its founding has been providing product and services that feed, nourish, and protect the agriculture and rural ecosystem. The company is now a well-diversified one with area of businesses spreading from fertilizers to pharma.

Peers

Company Name	CMP
Coromandel Interntl.	1965.55
Paradeep Phosphates	155.45
National Fertilizers	66.51
Chambal Fer. & Chem.	417.85
Rashtriya Chemicals	108.65
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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