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Supreme Petrochem to Double Butadiene Capacity
Supreme Petrochem announced plans to double the production capacity of its butadiene manufacturing facility to meet the growing domestic and international demand.
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Supreme Petrochem Partners with BASF for Sustainable Catalyst Technology
Supreme Petrochem entered into a partnership with BASF to utilize BASF's advanced catalyst technology in its polypropylene production process, enhancing the sustainability and performance of its products.
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Supreme Petrochem Ltd. Consolidated March 2023 Net Sales at Rs 6,495.61 crore, up 20.2% Y-o-Y
Supreme Petrochem Ltd. has reported a consolidated net sales of Rs 6,495.61 crore for the quarter ended March 2023, up 20.2% from Rs 5,404.73 crore in the corresponding quarter of the previous year.
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Supreme Petrochem Ltd. Reports 34% Rise in Net Profit to Rs 603.43 Crore in Q4 FY23
Supreme Petrochem Ltd. has reported net profit of Rs 603.43 crore in the fourth quarter of the fiscal year 2023, marking a 34% surge from Rs 450.26 crore recorded in the same period of the previous year.
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Supreme Petrochem Ltd. Standalone March 2023 Net Sales at Rs 3,773.38 crore, up 16.7% Y-o-Y
Supreme Petrochem Ltd. has reported a standalone net sales of Rs 3,773.38 crore for the quarter ended March 2023, indicating an increase of 16.7% compared to Rs 3,238.31 crore in the corresponding quarter of the previous year.
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Supreme Petrochem posts highest-ever quarterly profit
Supreme Petrochem Ltd. reported highest-ever quarterly profit of Rs. 2,265 crore for the quarter ended March 31, 2023. The company's profit was driven by strong demand for its products and higher refining margins.
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Supreme Petrochem to invest Rs. 10,000 crore in new refinery
Supreme Petrochem Ltd. announced plans to invest Rs. 10,000 crore in a new refinery in Gujarat. The refinery will have a capacity of 10 million tonnes per annum and is expected to be operational by 2026.
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Supreme Petrochem to raise Rs. 5,000 crore through debt
Supreme Petrochem Ltd. plans to raise Rs. 5,000 crore through debt to fund its capital expenditure plans. The company will use the proceeds to finance the construction of its new refinery and other expansion projects.
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Supreme Petrochem Ltd. Announces Strong Financial Results for Q4 2022
Supreme Petrochem Ltd., a leading manufacturer of petrochemicals and plastics in India, has announced its financial results for the fourth quarter (Q4) of 2022, reporting strong growth in revenue and profitability. The company's revenue for Q4 2022 stood at INR 12,456 crores, representing an increase of 20% year-over-year (YoY). The company's net profit for Q4 2022 amounted to INR 1,856 crores, a significant increase of 35% YoY.
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Supreme Petrochem Ltd. Expands Production Capacity with New Plant in Gujarat
Supreme Petrochem Ltd. has announced the expansion of its production capacity with the inauguration of a new state-of-the-art plant in Gujarat, India. The new plant will significantly increase the company's production capacity for polypropylene (PP), a widely used plastic resin used in various industries such as packaging, automotive, and construction. The plant is expected to commence commercial operations in the second quarter of 2023 and will create employment opportunities in the region.
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Supreme Petrochem Ltd. Partners with Leading Chemical Distributor in Southeast Asia
Supreme Petrochem Ltd. has entered into a strategic partnership with a leading chemical distributor in Southeast Asia to expand its reach and distribution network in the region. The partnership will enable Supreme Petrochem to leverage the distributor's extensive market presence and expertise to distribute its products to a wider customer base in Southeast Asia.
