Southern Petrochemical Industries starts receiving natural gas from Indian Oil Corporation

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.

SPIC Share Price

70.27 -1.96 (-2.71%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Coromandel Interntl. 1077.25
National Fertilizers 87.62
Chambal Fert & Chem 342.10
RCF 128.15
Paradeep Phosphates 66.39
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