Khaitan Chemicals & Fertilizers Ltd, Southern Petrochemicals Industries Corporation Ltd, Gammon Infrastructure Projects Ltd and Shyam Century Ferrous Ltd are among the other gainers in the BSE s B group today, 11 May 2021.
Khaitan Chemicals & Fertilizers Ltd, Southern Petrochemicals Industries Corporation Ltd, Gammon Infrastructure Projects Ltd and Shyam Century Ferrous Ltd are among the other gainers in the BSE s B group today, 11 May 2021.
Kingfa Science & Technology (India) Ltd soared 20.00% to Rs 917.4 at 12:04 IST. The stock was the biggest gainer in the BSE s B group. On the BSE, 9493 shares were traded on the counter so far as against the average daily volumes of 1341 shares in the past one month.
SPIC starts receiving Natural Gas from IOC s recently inaugurated Ramanathapuram - Thoothukudi natural gas pipeline at its Tuticorin factory equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
SPIC to switch over to natural gas as feedstock
Updated:
Updated:
Move will cut need for working capital
Share Article
Move will cut need for working capital
Over the next 12 months, Southern Petrochemicals Industries Corporation Ltd. (SPIC) will completely switch over from naptha to using natural gas as a feedstock to produce urea, said a top official.
“We will be one of the last few companies in Tamil Nadu to completely move towards natural gas,” Ashwin Muthiah, chairman, SPIC and AM International, told The Hindu.
“On Saturday, the last mile connectivity was resolved with our Thoothukudi plant starting to receive assured supply of natural gas through IOC’s recently-inaugurated Ramanathapuram-Thoothukudi gas pipeline,” he added.
Fertilizer-maker Southern Petrochemicals Industries Corporation Ltd (SPIC) said it has started taking delivery of natural gas directly from ONGC s facility, through Indian Oil Corporation Limited (IOCL s) recently inaugurated Ramanathapuram-Thoothukudi natural gas pipeline, at its Thoothukudi factory in Tamil Nadu. The natural gas will be transported from the gas fields of ONGC in Ramanathapuram to the company’s plant in Thoothukudi.
SPIC 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 ONGC s 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.
Markets likely to open with positive bias despite mixed global cues
March 09, 2021
×
Stocks likely to witness action are: BPCL, Max Financial, PSP Projects Dhunseri Ventures, Mindspace Business Parks, Lemon Tree Hotels, and CMI. Benchmark indices are expected to open with a positive bias on Tuesday, as the SGX Nifty is currently ruling 100 points higher at 15,080, as against Monday s Nifty futures closing price of 14,977 on the NSE.
However, Asian markets in early trade on Tuesday were mixed with Japan s Nikkei and Australian stocks were moderately up while Chinese, Korea and Taiwan stocks slipped. The overnight closing of US stocks too, presents a mixed clue with Nasdaq plunging over 2.4 per cent and S&P 500 by 0.5 per cent even as the Dow Jones Industrial Average edged up almost one per cent.