KOTA KINABALU: State-owned SMJ Energy (SMJESB) has signed a second deal to take a stake of up to 20% in an offshore oil exploration area in northern Sabah.
Southern Petrochemical Industries Corporation (SPIC) Ltd unveiled plans to invest Rs 1,900 crore in a strategic expansion over two years. Notably, Rs 970 crore will enhance the urea plant and establish a 150 MTPD Green Ammonia Plant. Greenstar Fertilizers Ltd allocates Rs 640 crore for a water-soluble fertilizer mixing plant and plant refurbishments. Additionally, Tuticorin Alkali Chemicals and Fertilisers Ltd commits Rs 290 crore for a soda ash and ammonium chloride plant. These initiatives aim to create employment and uphold SPIC s commitment to ESG principles, emphasizing responsible business practices.
Southern Petrochemical Industries Corporation Ltd (SPIC) is set to invest Rs 1,900 crore over the next two years in Tamil Nadu, as per an MoU signed with the state government during the Global Investors Meet in Chennai.