[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":3,"article-spic-reports-robust-total-income-of-inr-284945-cr-in-fy23":142,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fzgh9HMZBeog6YYmi6_wf9F1_8E0448vNEX9r4SOC_2g":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$flyRSpjhyVE29pqjd-DzWtoRwNGPXrTq6WJDGSvhczcc":246},{"data":4,"links":79,"meta":84},[5,13,19,25,31,37,43,49,55,61,67,73],{"title":6,"slug":7,"excerpt":8,"imageUrl":9,"publishedAt":10,"author":11,"category":12},"Epsilon Carbon Commissions New Specialty Carbon Facility in Karnataka","epsilon-carbon-commissions-new-specialty-carbon-facility-in-karnataka","Epsilon Carbon doubles its specialty carbon capacity to 600,000 TPA with a new Industry 4.0 facility in Karnataka, boosting global supply.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fepsilon-carbon-commissions-new-specialty-carbon-facility-in-karnataka-3v5tep.JPG","2026-08-14T01:52:18+05:30","MWM Desk","News",{"title":14,"slug":15,"excerpt":16,"imageUrl":17,"publishedAt":18,"author":11,"category":12},"Essar Marks 15 Years of Stanlow Ownership and Investment","essar-marks-15-years-of-stanlow-ownership-and-investment","Essar celebrates 15 years at the Stanlow Manufacturing Complex, unveiling a £4.3B investment strategy for hydrogen and data centers.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fessar-marks-15-years-of-stanlow-ownership-and-investment-g9GAeC.jpeg","2026-08-08T02:00:45+05:30",{"title":20,"slug":21,"excerpt":22,"imageUrl":23,"publishedAt":24,"author":11,"category":12},"Advait Energy Transitions, Manipal Energy Infratech Team Up for Integrated Energy Projects","advait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects","Advait Energy Transitions and Manipal Energy Infratech partner to accelerate global energy projects in renewables, BESS, and green hydrogen.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fadvait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects-EnSOlA.jpg","2026-08-08T01:45:01+05:30",{"title":26,"slug":27,"excerpt":28,"imageUrl":29,"publishedAt":30,"author":11,"category":12},"ANCA Ushers in New Leadership with Edmund Boland as Group CEO","anca-ushers-in-new-leadership-with-edmund-boland-as-group-ceo","ANCA appoints Edmund Boland as new Group CEO effective August 2026, marking a strategic new chapter in CNC grinding and automation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fanca-ushers-in-new-leadership-with-edmund-boland-as-group-ceo-LaVelo.png","2026-08-08T01:39:43+05:30",{"title":32,"slug":33,"excerpt":34,"imageUrl":35,"publishedAt":36,"author":11,"category":12},"Schaeffler India Strengthens Leadership with Amit Bhalerao as COO","schaeffler-india-strengthens-leadership-with-amit-bhalerao-as-coo","Schaeffler India appoints Amit Bhalerao as COO to lead manufacturing strategy, digital transformation, and operational excellence.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fschaeffler-india-strengthens-leadership-with-amit-bhalerao-as-coo-s7tsd7.jpg","2026-08-08T01:33:13+05:30",{"title":38,"slug":39,"excerpt":40,"imageUrl":41,"publishedAt":42,"author":11,"category":12},"KAS Group Brings G Sivakumar Onboard to Lead Manufacturing","kas-group-brings-g-sivakumar-onboard-to-lead-manufacturing","KAS Group appoints manufacturing veteran G Sivakumar as GM to bolster its semiconductor and advanced manufacturing operations in India.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fkas-group-brings-g-sivakumar-onboard-to-lead-manufacturing-vEi9jn.jpg","2026-07-31T03:43:17+05:30",{"title":44,"slug":45,"excerpt":46,"imageUrl":47,"publishedAt":48,"author":11,"category":12},"NORD Expands Functional Safety of NORDAC ON Drive Electronics","nord-expands-functional-safety-of-nordac-on-drive-electronics","NORD DRIVESYSTEMS upgrades its NORDAC ON frequency inverters with advanced functional safety features for smarter, safer automation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fnord-expands-functional-safety-of-nordac-on-drive-electronics-EQbpyp.jpg","2026-07-31T03:39:50+05:30",{"title":50,"slug":51,"excerpt":52,"imageUrl":53,"publishedAt":54,"author":11,"category":12},"CII GreenPro Summit 2026 Drives India’s Industrial Decarbonization Agenda","cii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda","CII GreenPro Summit 2026 accelerates India's industrial decarbonization with focus on green products and sustainable value chains.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fcii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda-dlMTv5.png","2026-07-31T03:24:02+05:30",{"title":56,"slug":57,"excerpt":58,"imageUrl":59,"publishedAt":60,"author":11,"category":12},"BASF Launches Melyra and Inveris Gold Crop Protection Solutions in India","basf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india","BASF expands its Indian agricultural portfolio with the launch of Melyra and Inveris Gold, delivering advanced crop protection and enhanced productivity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fbasf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india-gdMNFU.jpg","2026-07-31T02:38:13+05:30",{"title":62,"slug":63,"excerpt":64,"imageUrl":65,"publishedAt":66,"author":11,"category":12},"L&T Technology Services Launches Ainfonix™ 4.0 to Accelerate AI Adoption","lt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption","L&T Technology Services unveils Ainfonix™ 4.0 at EI Live, a cutting-edge platform designed to accelerate industrial AI adoption and data utility.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Flt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption-n5XI9j.webp","2026-07-31T02:17:58+05:30",{"title":68,"slug":69,"excerpt":70,"imageUrl":71,"publishedAt":72,"author":11,"category":12},"Tembo Global Industries Opens New Vasai Facility, Boosts Capacity to 1,00,000 MTPA","tembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa","Tembo Global Industries scales up! Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":74,"slug":75,"excerpt":76,"imageUrl":77,"publishedAt":78,"author":11,"category":12},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. MagneTech announces India's first integrated rare earth magnet plant with a INR 1,250 Cr investment to reduce import dependence and fuel EV growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fnan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant-JBb4AB.jpeg","2026-07-31T01:48:57+05:30",{"first":80,"last":81,"prev":82,"next":83},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=1","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=131",null,"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=2",{"current_page":85,"from":85,"last_page":86,"links":87,"path":139,"per_page":140,"to":140,"total":141},1,131,[88,91,94,97,101,105,109,113,117,121,125,129,131,135,137],{"url":82,"label":89,"page":82,"active":90},"« Previous",false,{"url":80,"label":92,"page":85,"active":93},"1",true,{"url":83,"label":95,"page":96,"active":90},"2",2,{"url":98,"label":99,"page":100,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=3","3",3,{"url":102,"label":103,"page":104,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=4","4",4,{"url":106,"label":107,"page":108,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=5","5",5,{"url":110,"label":111,"page":112,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=6","6",6,{"url":114,"label":115,"page":116,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=7","7",7,{"url":118,"label":119,"page":120,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=8","8",8,{"url":122,"label":123,"page":124,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=9","9",9,{"url":126,"label":127,"page":128,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=10","10",10,{"url":82,"label":130,"active":90},"...",{"url":132,"label":133,"page":134,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=130","130",130,{"url":81,"label":136,"page":86,"active":90},"131",{"url":83,"label":138,"page":96,"active":90},"Next »","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews",12,1570,{"data":143},{"id":144,"title":145,"slug":146,"excerpt":147,"content":148,"imageUrl":149,"socialImageUrl":150,"publishedAt":151,"author":11,"category":12,"likes":152,"summary":153,"captionLinkedin":154,"captionTwitter":155,"captionInstagram":156,"seo":157,"prevPost":159,"nextPost":163},436,"SPIC Reports Robust Total Income of INR 2849.45 Cr in FY23","spic-reports-robust-total-income-of-inr-284945-cr-in-fy23","SPIC reports a strong FY23 with INR 2849.45 Cr in total income. Discover how this leader is driving India's fertilizer sector growth.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002Fcompany-associate.jpg\" alt=\"\" width=\"178\" height=\"178\">Southern Petrochemical Industries Corporation Ltd (SPIC), one of India’s pioneering agri-nutrient and fertilizer companies, recently announced its annual audited results for FY 2022-23. In the last quarter of FY23, the company registered an income of INR 676.33 crore and net profit after tax of INR 23.53 crore compared to an income of INR 284.47 crores and net profit after tax of INR 7.68 crores during the corresponding quarter of the previous year. In the year ended March 2023, the company earned a total income of INR 2849.45 crore compared to INR 1898.31 crore during the previous year. During the year, the company recorded a net profit after tax of INR 284.44 crore vis-a-vis net profit after tax of INR 140.43 crore in the previous year. The company announced a dividend of 15 percent on Equity Capital.\u003C\u002Fp>\r\n\u003Cp>The Indian fertilizer sector is projected to grow at a steady rate of 4.7 percent annually from 2023 to 2028. This growth stems from several factors, such as the rising demand for food production, advancements in agricultural practices, and supportive government policies. There are several opportunities in the current fiscal year that will result in the progress of India’s fertilizer sector. One such opportunity is the PM Pranam scheme, which was launched in February this year. The scheme encourages investments in research for the sustainable development of agriculture. Additionally, in May 2023, the Indian Gas Exchange (IGX) introduced a specialized contract for fertilizer companies. The contract facilitates more flexible payment terms, enabling easier access to natural gas for buyers in the fertilizer sector. SPIC stands to benefit from these developments.\u003C\u002Fp>\r\n\u003Cp>Despite these opportunities, it is important to note that fertilizer prices remain high due to global factors, such as reduced production and increased logistics costs, particularly due to the situation in Ukraine. To address this, the government has recently approved a subsidy of INR 1.08 lakh crore for the ongoing kharif and monsoon season.\u003C\u002Fp>\r\n\u003Cp>Stating that the company’s good annual performance including the last quarter despite various macro-economic challenges demonstrates its robust fundamentals, Ashwin Muthiah, Chairman, SPIC & Founder Chairman, AM International, Singapore, added, “The significant improvement in both the topline and bottom line is the result of our continuous focus on cost and operational efficiencies. I congratulate the team on this wonderful performance. As a company, we are aligned with the Indian government's policy of Atmanirbhar Bharat and working towards increasing the domestic fertilizer production capacity. Our ESG-oriented approach, especially towards sourcing natural gas as a raw material, is giving us positive results.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.spic.in\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FHpbf70CoYVO53HH5xNb2.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FMay2023\u002FHpbf70CoYVO53HH5xNb2.jpg","2023-05-28T05:34:59+05:30",0,"SPIC achieved a total income of INR 2849.45 crore in FY23, marking significant growth over the previous year.\nThe company recorded a net profit after tax of INR 284.44 crore, reflecting strong operational efficiency.\nStrategic initiatives like the PM Pranam scheme and IGX contracts are positioning SPIC for sustained industry success.","Southern Petrochemical Industries Corporation (SPIC) has announced impressive financial results for FY 2022-23, showcasing significant growth in both topline and bottom-line performance. With a total income of INR 2849.45 crore and a net profit of INR 284.44 crore, the company continues to demonstrate resilient fundamentals despite global macroeconomic challenges. Chairman Ashwin Muthiah highlights the firm’s commitment to 'Atmanirbhar Bharat' and ESG-focused natural gas sourcing as key drivers of this success. As the Indian fertilizer sector navigates a projected 4.7% annual growth through 2028, SPIC’s strategic alignment with government policies and operational efficiency sets a strong precedent for the industry. Read more about how SPIC is helping to drive domestic production capacity in the evolving agricultural landscape. #SPIC #FertilizerIndustry #IndianAgriculture","SPIC reports a stellar FY23 with INR 2849.45 Cr in total income! Strong performance driven by operational efficiency and a commitment to domestic fertilizer production. #SPIC #AgriBusiness","Big wins for the agri-sector! 🌾 Southern Petrochemical Industries Corporation (SPIC) just announced their FY23 results, and the numbers are looking strong. With a total income of INR 2849.45 crore, they are proving that strategic focus and operational efficiency pay off! 📈 From supporting the 'Atmanirbhar Bharat' mission to embracing sustainable natural gas sourcing, SPIC is making moves to boost India’s fertilizer capacity. It’s an exciting time for the industry as new schemes like PM Pranam pave the way for sustainable growth. Congrats to the team on a great year! 👏✨ #SPIC #AgricultureIndia #FertilizerIndustry #AtmanirbharBharat #BusinessGrowth #AgriTech #MarketUpdate",{"title":145,"description":147,"keywords":158},"spic, indian fertilizer industry, agri-nutrient, fiscal results, fy23 report, atmanirbhar bharat, agriculture sector, pm pranam scheme",{"title":160,"slug":161,"imageUrl":162},"Adams Brothers Receives 2022 Eriez® Merwin Award","adams-brothers-receives-2022-eriez-merwin-award","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002F1FxpR8S8SZqnBj6r4QOQ.jpg",{"title":164,"slug":165,"imageUrl":166},"Honeywell Introduces Honeywell Forge For Sustainable Buildings","honeywell-introduces-honeywell-forge-for-sustainable-buildings","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FxrMLfQuMJRkCFVjaP1cO.png",{"data":168,"links":173,"meta":177},[169],{"title":170,"youtubeUrl":171,"createdAt":172},"Durma India Outlines Strategic Vision for Inaugural MF INDIA 2026","https:\u002F\u002Fwww.youtube.com\u002Fwatch?v=0Wl9Bco8jaI","2026-08-12T21:40:58+05:30",{"first":174,"last":175,"prev":82,"next":176},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=1","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=1016","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=2",{"current_page":85,"from":85,"last_page":178,"links":179,"path":207,"per_page":85,"to":85,"total":178},1016,[180,181,182,183,185,187,189,191,193,195,197,199,200,204,206],{"url":82,"label":89,"page":82,"active":90},{"url":174,"label":92,"page":85,"active":93},{"url":176,"label":95,"page":96,"active":90},{"url":184,"label":99,"page":100,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=3",{"url":186,"label":103,"page":104,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=4",{"url":188,"label":107,"page":108,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=5",{"url":190,"label":111,"page":112,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=6",{"url":192,"label":115,"page":116,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=7",{"url":194,"label":119,"page":120,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=8",{"url":196,"label":123,"page":124,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=9",{"url":198,"label":127,"page":128,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=10",{"url":82,"label":130,"active":90},{"url":201,"label":202,"page":203,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos?page=1015","1015",1015,{"url":175,"label":205,"page":178,"active":90},"1016",{"url":176,"label":138,"page":96,"active":90},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fvideos",{"id":82,"src":209,"path":210,"track_path":82,"alt":211,"raw":212,"ts":213},"\u002Fimages\u002Fassets\u002Ftop_feature.webp","\u002Fcontact-us","Advertise Here","",1786673662,{"data":215,"links":228,"meta":229},[216,217,218,219,220,221,222,223,224,225,226,227],{"title":6,"slug":7,"excerpt":8,"imageUrl":9,"publishedAt":10,"author":11,"category":12},{"title":14,"slug":15,"excerpt":16,"imageUrl":17,"publishedAt":18,"author":11,"category":12},{"title":20,"slug":21,"excerpt":22,"imageUrl":23,"publishedAt":24,"author":11,"category":12},{"title":26,"slug":27,"excerpt":28,"imageUrl":29,"publishedAt":30,"author":11,"category":12},{"title":32,"slug":33,"excerpt":34,"imageUrl":35,"publishedAt":36,"author":11,"category":12},{"title":38,"slug":39,"excerpt":40,"imageUrl":41,"publishedAt":42,"author":11,"category":12},{"title":44,"slug":45,"excerpt":46,"imageUrl":47,"publishedAt":48,"author":11,"category":12},{"title":50,"slug":51,"excerpt":52,"imageUrl":53,"publishedAt":54,"author":11,"category":12},{"title":56,"slug":57,"excerpt":58,"imageUrl":59,"publishedAt":60,"author":11,"category":12},{"title":62,"slug":63,"excerpt":64,"imageUrl":65,"publishedAt":66,"author":11,"category":12},{"title":68,"slug":69,"excerpt":70,"imageUrl":71,"publishedAt":72,"author":11,"category":12},{"title":74,"slug":75,"excerpt":76,"imageUrl":77,"publishedAt":78,"author":11,"category":12},{"first":80,"last":81,"prev":82,"next":83},{"current_page":85,"from":85,"last_page":86,"links":230,"path":139,"per_page":140,"to":140,"total":141},[231,232,233,234,235,236,237,238,239,240,241,242,243,244,245],{"url":82,"label":89,"page":82,"active":90},{"url":80,"label":92,"page":85,"active":93},{"url":83,"label":95,"page":96,"active":90},{"url":98,"label":99,"page":100,"active":90},{"url":102,"label":103,"page":104,"active":90},{"url":106,"label":107,"page":108,"active":90},{"url":110,"label":111,"page":112,"active":90},{"url":114,"label":115,"page":116,"active":90},{"url":118,"label":119,"page":120,"active":90},{"url":122,"label":123,"page":124,"active":90},{"url":126,"label":127,"page":128,"active":90},{"url":82,"label":130,"active":90},{"url":132,"label":133,"page":134,"active":90},{"url":81,"label":136,"page":86,"active":90},{"url":83,"label":138,"page":96,"active":90},{"id":82,"src":247,"path":210,"track_path":82,"alt":211,"raw":212,"ts":213},"\u002Fimages\u002Fassets\u002Fside_top.webp"]