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Supreme Petrochem Ltd records a 45% increase in Net Profit for the year 10-11 to `87.69 crores
Pragati tiwari | 19 Jul 2011

Supreme Petrochem Ltd (SPL) a Styrenics major and the largest polystyrene producer in India has reported a Net profit of `87.69 crores for the year ended June 30, 2011, as compared to `60.47 crores for the corresponding year in 2010.

SUPREME PETROCHEM Ltd (SPL) a Styrenics major and the largest polystyrene producer in India has reported a Net profit of `87.69 crores for the year ended June 30, 2011, as compared to `60.47 crores for the corresponding year in 2010. Net revenues for the year 10-11 stood at `1943.49 crores as compared to `1611.84 crores in the preceding year..

The Board of Directors of the Company in its meeting held on July 18, 2011 have recommended a  Dividend of ` 2.80per equity share of `10/- each for the year 2010-11.

Capex of `91 crores incurred in 2010-11.  Capex of `84 crores planned in 2011-12.

The Speciality Polystyrene compounding capacity has been increased to 30000 TPA. 

Trial runs have commenced for Expandable Polystyrene (EPS) project including Cup Grade EPS with total capacity of 44400 TPA at the existing plant site in Amdoshi, Maharashtra.

The outlook is positive for all the Company’s products viz. Polystyrene, Expandable Polystyrene, Speciality Polystyrene and Compounding and Extruded Polystyrene Insulation Boards.

About Supreme Petrochem Ltd.

Supreme Petrochem Ltd has been jointly promoted by Supreme Industries Ltd, India’s largest plastic processors, and the Rajan Raheja Group.  The company commands close to 50% market share in the polystyrene business in India, and has a manufacturing capacity of 272,000 TPA.  It is also a leading producer of specialty compounds and masterbatches for the automotive, styrenics and other plastics industry in the country.   It is also a manufacturer of Expandable Polystyrene (EPS) and Extruded Polystyrene Insulation Board (XPS).  The company offers a comprehensive range of all key grades of polystyrene – crystal, impact and specialty.