News for Tamilnadu Petroproducts Limited (TNPETRO.NS)

TPL, part of AM International, plans to expand caustic soda production capacity from 150MTD to 250MTD. The HCD project team, with INEOS Technologies and Protech Consultants, will collaborate in this project. TPL will also invest ₹165 crore in modernising caustic soda and chlorine unit, expand LAB division and set up Propylene Recovery Unit.

Considering the strong momentum, the index is likely to march towards 20,000 milestone in coming days, provided its holds 19,700-19,800 area, while the crucial support remains at 19,600-19,500 levels, experts said

TPL has agreed to invest up to ₹13.88 crore, which constitute 2.73 per cent of paid-up equity capital of DRPL, to meet the requirement of captive power generation

The company agreed to invest upto Rs 13.88 crore, which constitute 2.73% of paid-up equity capital of DRPL.

BEL, Piramal Enterprises, Shriram Finance, HDFC, RVNL, Aptech, Airtel, NBCC (India), Lupin, QGO Finance, Dynacons, Madhav Infra, Pidilite, Tamilnadu Petroproducts, Vivanta Ind

Tamilnadu Petroproducts records highest annual revenue in FY23

44 - 25945500 to 09 Telefax : 044-2594 5588 Website : www.tnpetro.com CIN : L23200TN1984PLC010931 T PL GSTIN : 33AAACT1295M1Z6 TAMILNADU... | December 15, 2022

Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility

If Nifty sustains below 17,200, it may slip further towards 17,100-17,000 in the near term, while on the higher side, 17,400-17,500 levels are likely to act as an immediate resistance zone, says Rajesh Palviya of Axis Securities.