SPIC Announces Major Expansion Plan

24 May 2024 CW Team

The revamp of the urea plant is designed to improve the stability and efficiency of the facility, which has seen enhanced performance following its transition from naphtha to natural gas as a raw material source. This shift not only optimises production processes but also aligns with global environmental standards by reducing carbon emissions.

The introduction of the green ammonia unit is particularly noteworthy, as it represents a strategic move towards sustainable and environmentally friendly production practices. Green ammonia, produced through a process that emits little to no carbon, is increasingly seen as a crucial component in the global push towards cleaner energy sources.

This expansion is part of a broader Rs 1,900 crore investment strategy unveiled by SPIC at the Tamil Nadu Global Investors Meet 2024. The strategy outlines a series of projects aimed at enhancing the company's product offerings and market reach over the next two years. These developments are expected to significantly contribute to the local economy by creating job opportunities and fostering technological advancements in the region.

Overall, SPIC's investment plan reflects a robust approach to growth and sustainability, positioning the company to meet the evolving demands of the global market while adhering to environmental responsibilities.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Southern Petrochemical Industries Corporation Ltd (SPIC) is set to significantly enhance its manufacturing capabilities with a comprehensive capital expenditure programme amounting to Rs 970 crore. This ambitious plan includes the modernisation of SPIC's existing urea production facility and the establishment of a new 150-tonnes-per-day green ammonia plant. The initiative was detailed by Ashwin Muthiah, Chairman of SPIC and Founder Chairman of AM International, who emphasised the company's commitment to bolstering production capacity, diversifying operations, and driving sustainable growth. The revamp of the urea plant is designed to improve the stability and efficiency of the facility, which has seen enhanced performance following its transition from naphtha to natural gas as a raw material source. This shift not only optimises production processes but also aligns with global environmental standards by reducing carbon emissions. The introduction of the green ammonia unit is particularly noteworthy, as it represents a strategic move towards sustainable and environmentally friendly production practices. Green ammonia, produced through a process that emits little to no carbon, is increasingly seen as a crucial component in the global push towards cleaner energy sources. This expansion is part of a broader Rs 1,900 crore investment strategy unveiled by SPIC at the Tamil Nadu Global Investors Meet 2024. The strategy outlines a series of projects aimed at enhancing the company's product offerings and market reach over the next two years. These developments are expected to significantly contribute to the local economy by creating job opportunities and fostering technological advancements in the region. Overall, SPIC's investment plan reflects a robust approach to growth and sustainability, positioning the company to meet the evolving demands of the global market while adhering to environmental responsibilities.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..