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.

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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..