History of Southern Petrochemical Industries Corporation Limited

Incorporated in 1969, Southern Petrochemical Industries Corporation (SPIC) Limited is one of the leading fertiliser manufacturing companies that manufactures and sells Urea, a nitrogenous chemical fertiliser. SPIC Limited was founded by Dr M A Chidambaram and Tamil Nadu Industrial Development Corporation Limited (TIDCO), a state-owned industrial development institution. In 1979, the company set up a Gas Hydrogen Recovery Unit to increase the production of Ammonia. Since then, the company has been constantly expanding. They set up a Urea plant in the UAE in 1997. In the same year, the company promoted a new venture Spic Electric Power Corporation Limited. In 2003, the company’s ammonia unit in Tuticorin was closed due to leakage in the pipeline. In 2015, the company’s plants in Tuticorin resumed production, and in 2019, they resumed the commercial production of Urea and Ammonia. The company’s large fertiliser complex can produce 6.2 lakh tons of Neem Coated Urea.

Business Segments of Southern Petrochemical Industries Corporation Limited 

The company offers several products and services as follows:

• Products
  • Primary Nutrients: Under this segment, the company provides primary plant nutrients that help their nutrition. The product range includes Urea, Neem Coated Urea, etc
• • Secondary Nutrients: Under this segment, the company offers secondary nutrients that are helpful for the soil and crops. These nutrients include Magnesium, Calcium and Sulphur.
• • Micro Nutrients: Under this, the company offers products that include Zinc (Zn), Boron (B), Manganese (Mn), Copper (Cu), Iron (Fe), Chlorine (Cl) and Molybdenum (Mo).
• • Water Soluble Fertilisers: The products under this segment are 100% water soluble. They offer water soluble fertilisers under the brand ‘Triumph’.
• • Organic Fertilisers: Under this category, the company provides organic fertilisers derived from animal matter, vegetable matter, etc.
• • Non-Edible De-Oiled Cake Fertilizers: Under this segment, they offer products such as SPIC Neem Cake, SPIC Sangamam and SPIC Jayanthi.
• • Bio Fertilisers: The products under this category provide additional nutrition to the plants. The product range includes SPIC Vonder, SPIC Mob-K and SPIC Konsorzio.
• • Organic Pesticide: Under this segment, the company provides Biopesticides or Biochemical Pesticides.
• • Plant Growth Regulator: Under this, the company provides products that help in plant growth, such as SPIC Scytoz.
• • Plant Biostimulants: Under this, the company offers several biostimulant products for the plant, such as SPIC KROMn, SPIC Max Granules, etc.
• • Industrial Products: The company also provides the by-products generated in plants, such as Phosphoric Acid Plant and Sulphuric Acid Plants. These can be used in cement, aluminium, etc., industries.

• Services

The company also offers several agricultural services like Soil Management, Farmer Training Centre, Farmer Journals, Agri Clinic, etc., under their services division. As of March 31, 2023, there are no subsidiary companies under Southern Petrochemical Industries Corporation Limited.

Key Personalities of Southern Petrochemical Industries Corporation Limited

Ashwin C Muthiah, Chairman Ashwin C Muthiah is the Chairman of Southern Petrochemical Industries Corporation Limited. He comes with extensive professional experience. He is also the Chairman of Wilson International Trading Pte Limited, Singapore, AM International, Manali Petrochemicals Limited (MPL), Sicagen India Limited and the Vice Chairman of Tamilnadu Petroproducts Limited (TPL).

Corporate Actions of Southern Petrochemical Industries Corporation Limited

There are no records of bonus shares and stock splits from Southern Petrochemical Industries Corporation Limited.