Tamilnadu Petroproducts Revises LAB and HCD Plant Expansion Costs

Tamilnadu Petroproducts Limited has approved significant revisions to its ongoing plant expansion projects. The Board of Directors, at its meeting on March 10, 2026, increased the LAB plant expansion cost from ₹310 Crore to ₹365 Crore and the HCD plant from ₹214 Crore to ₹237 Crore, accounting for escalations due to foreign exchange fluctuations and other time-related factors.

Additionally, the company plans to establish two downstream units within the HCD Plant at an estimated ₹90 Crore, with completion targeted within 18 months subject to regulatory approvals. Funding for both the revised expansions and new units will come from internal accruals and borrowings, aligned with prevailing business conditions.

Shares of Tamilnadu PetroProducts Limited was last trading in BSE at Rs. 84.59 as compared to the previous close of Rs. 85.50. The total number of shares traded during the day was 7024 in over 169 trades.

The stock hit an intraday high of Rs. 87.90 and intraday low of 84.47. The net turnover during the day was Rs. 606430.00.

Source : Equity Bulls

Keywords

TamilnaduPetroProducts INE148A01019 TNPETRO CommodityChemicals CostRevision ExpansionProject