Southern Petrochemicals Industries Corporation Ltd
NSE: SPIC BSE: 590030
₹69.51
(-0.83%)
Wed, 11 Mar 2026, 04:54 pm
Market Cap14.15B
PE Ratio7.03
Dividend2.88
Process Industries
Chemicals: Agricultural
24.5KCompany History
1969
- Incorporated on 18 December in Chennai.
1979
- Installed pure Gas Hydrogen Recovery Unit to increase Ammonia production.
1983
- Acquired chemical tankers SPIC PEARL and SPIC EMERALD for Phosphoric Acid delivery; placed order for gas carrier.
- Promoted Tamilnadu Petroproducts Ltd with TIDCO, SPIC Electronics & Systems Ltd for IC chips, Manali Petrochemical Ltd for propylene products.
- Chosen as co-promoter for Rs 840 crore Aromatics Project by Madras Refineries Ltd.
1995
- Chairman signed MoU with Gelman Sciences, US for membrane filters manufacturing.
- EI DuPont proposed tie-up with SPIC.
1996
- Fertiliser plants shut down for maintenance from 23 March to 9 May.
- Commissioned two hectare Floriculture EOU with Israeli collaboration for rose cut-flowers.
- Commissioned BIODART enzyme project for leather and detergent industries.
- Heavy Chemicals Division agreed with Chlorine Engineers Corporation, Japan for Membrane Cell Conversion at Manali.
1997
- Setting up $160 million urea plant at Jebel Ali, UAE via subsidiary SPIC Fertilisers & Chemicals.
- Signed agreement with M.W. Kellogg for Dubai fertiliser complex.
- Spic Electric Power Corporation signed PPA with TNEB for 525 MW Tuticorin power project.
- Proposed merger of Spic Petrochemicals Ltd, Spic Aromatics and Chemicals Ltd with Arochem.
- Signed agreement with Universal Investments, New Zealand for food processing JV.
1998
- Converted Dubai subsidiary into JV with Mauritius partners.
- Entered marketing tie-up with Radisson Hotels International for hospitality.
- Spic-SMO entered Rs 10 crore JV with Technipetrol SpA, Italy.
- Proposed merger of Manali Petrochemical Ltd and Spic Organics Ltd.
- Spic Organics allotted 1.5 crore shares to SPIC.
1999
- K Govindarajan quit as MD of Spic Petrochemicals Ltd.
2000
- Proposed transfer of Heavy Chemical Division at Manali.
- Formed 50:50 JV with Pioneer Overseas for 5,000 MTPA seed processing plant in Andhra Pradesh.
- Bagged Best Productivity Award 1998-99 for phosphatic fertiliser industry.
- Bagged Award of Honour 1999 from National Safety Council of India.
- VR Aravind appointed MD of SPIC Petro.
- Tamilnadu Petroproducts acquired heavy chemicals division.
- A.C. Muthiah took over as Chairman after M.A. Chidambaram's death.
2001
- M Madhavan Nambiar appointed Nominee Director of TIDCO.
- Pulled out of acquiring stake in Madras Fertiliser Ltd.
- Agreed to reimburse Rs 16 crore to CPCL after Arochem withdrawal.
- Ashwin C Muthiah elected Vice-Chairman.
- Divested Seeds JV stake to Pioneer for $17 million.
- Pharmaceuticals division at Cuddalore received US FDA approval.
- Conferred ICMA Award 2000 for safety, health and environment management.
2002
- Babu K Verghese elevated to MD.
- Sold 49% share in Caltex-Spic to Caltex.
- Engaged international consultancies for business restructuring.
- Received two Rs 73 crore contracts from PowerGrid Corporation.
- Introduced three bio-enzyme formulations for poultry feed.
- Closed ammonia unit at Tuticorin due to pipeline leakage on 1 October.
2003
- SPIC-SMO received Letter of Award for 155 km transmission line between Mysore and Nelamangala.
- Board approved allotment of 2 crore equity shares to promoters.
2004
- Alagappa University conferred Doctor of Letters on Chairman A.C. Muthiah.
2005
- D Rajendran, IAS appointed Nominee Director of TIDCO.
2007
- M Jayasankar appointed Independent Director.
2008
- M F Farooqui, IAS appointed Nominee Director of TIDCO.
2010
- Neeta Mukerji appointed Nominee Director of ARCIL.
2011
- N Rajeeva Prakash appointed Company Secretary and Compliance Officer.
2012
- Registered office shifted to SPIC House, Mount Road, Guindy, Chennai.
2013
- Reappointed K K Rajagopalan as Whole-time Director for one year from 16 November.
2014
- G Latha, IAS appointed Nominee Director of TIDCO.
2015
- Tuticorin plants resumed production.
- Entered MoU with Government of Tamil Nadu for 1,270,000 MTPY Urea facility in Tuticorin.
2019
- Resumed commercial production of Urea and Ammonia; all plants restarted.
2020
- Resumed production.
2021
- Entered natural gas era.
- Thoothukudi plant started receiving natural gas from ONGC facility.
2022
- Captive floating solar power plant in TN commissioned and inaugurated by CM.
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