Southern Petrochemical Industries zooms after it 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 is currently trading at Rs. 32.20, up by 0.85 points or 2.71% from its previous closing of Rs. 31.35 on the BSE.

The scrip opened at Rs. 31.40 and has touched a high and low of Rs. 33.65 and Rs. 30.85 respectively. So far 125882 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 35.15 on 05-Mar-2021 and a 52 week low of Rs. 9.50 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 35.00 and Rs. 30.85 respectively. The current market cap of the company is Rs. 644.52 crore.

The promoters holding in the company stood at 52.79%, while Institutions and Non-Institutions held 2.54% and 44.66% respectively.

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

70.38 0.19 (0.27%)

30-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Coromandel Interntl.	1981.70
National Fertilizers	78.01
RCF	129.25
Chambal Fert & Chem	438.10
Paradeep Phosphates	129.05
View more..

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