Tamilnadu Petroproducts reports profit growth, dividend at AGM

Tamilnadu Petroproducts Limited (TPL) held its 40th Annual General Meeting on September 17, 2025. Key resolutions passed include the adoption of audited financial statements for the year ended 2024-25 and the declaration of a 12% dividend for the same period. The company also approved the re-appointment of Ashwin C Muthiah as a director and sanctioned increases in remuneration for both auditors and cost auditors, alongside the appointment of secretarial auditors for five consecutive years.

For FY 2024-25, TPL reported a 14.5% increase in profit after tax (PAT), achieving a turnover of ₹1854 Crores, despite challenges in the global petrochemical sector. The company aims for Net Zero, increasing renewable power consumption to 80% during FY 2024-25, and plans further enhancements. CAPEX plans for modernization and capacity expansion, including revamping the LAB plant to 145 KT per annum and the HCD to 82500 TPA, are progressing and expected to be commissioned by the end of the current financial year.

The company reported a 20% increase in PAT over the previous year, driven by cost optimization and ESG-led processes. It continues to address challenges such as unregulated imports of LAB and reduced domestic demand for propylene oxide, while exploring new opportunities in chlorine derivatives.