the indian petrochemicals company . for the ethnic slur see spic . for other uses see spic disambiguation . southern petrochemical industries corp ltd type public company traded as bse 590030 nse spic isin ine147a01011 industry chemicals and pharmaceuticals founded 1969 headquarters chennai india revenue 270.13 crore us 40 million 2011 1 net income 40.13 crore us 6.0 million 2011 2 number of employees 20 569 website spic.in southern petrochemical industries corporation ltd or spic bse 590030 nse spic is an indian company that makes petrochemicals . its core competency is in fertiliser products . it has operations in power oil and natural gas pharmaceuticals and biotechnology applications in agriculture . the company headquartered in chennai was incorporated on 18 december 1969 3 and became a joint venture between the m. a. chidambaram group and tidco a part of the government of tamil nadu in 1975 . the government sold its stake in 1992 . the company s biggest client has been the government of tamil nadu which purchases agro products for subsidised distribution through its public distribution system . the company has been in poor financial health since about 2002 . its 2006 sales amounted to 2 200 crore with a net operating loss of 180 crore . spic has four business lines the fertiliser division the pharmaceuticals division which manufactures penicillin g potassium fermentation based and active pharmaceutical ingredients the engineering construction services division offers specialised and turnkey project based solutions mainly in fertilisers the agri business division which offers products for agricultural development like hybrid seeds and bio fertilisers . the company has a strategic stake or has promoted companies like thoothukudi alkali chemicals a soda ash manufacturer tamil nadu petro products a company which produces liner alkali benzene manali petrochemicals indo jordan chemicals and a host of other companies . as per regulatory filings the promoters including tn government s investment arm which has 8.2 % stake hold 39.2 % institutions hold 16.2 % public shareholding is 29 % and custodians of gdrs hold the balance . first spic knocked on the bifr doors and then entered the cdr cell for restructuring loans . the problem for spic started in the late 1990s when the company had planned a foray into petrochemicals through spic petrochemicals which ran into a rough weather . it was contrived then to make purified terephthalic acid pta and polyester filament yarn pfy facility at manali in chennai . references edit fy 2011 network 18 fy 2011 network 18 company history spic . the economic times . the times group . retrieved 4 may 2012 . external links edit company website with some financial performance details ongc examining acquiring spic article from times of india 1 v t e chennai history early history pre 1500 sangam period thomas the apostle pallava dynasty chola dynasty vijayanagar empire colonial period 1500 1900 s o tom de meliapore raja of chandragiri agency of fort st george 1721 madras cyclone carnatic wars madras adyar chingleput anglo mysore wars modern period 1900 present arbuthnot bank crash besant v. narayaniah bombardment of madras by sms emden de la haye scandal 1921 buckingham and carnatic mills strike neil statue satyagraha 1928 south indian railway strike 1932 madras and southern mahratta railway strike 1943 chennai floods madras manade anti hindi agitations assassination of rajiv gandhi r. s. s. chennai bombing 2004 indian ocean earthquake 2013 anti sri lanka protests 2015 south indian floods writers and historians s. muthiah randor guy s. theodore baskaran v. sriram a. r. venkatachalapathy geography and wildlife regions chennai metropolitan area central chennai north chennai south chennai rivers and waterways adyar river buckingham canal coovum river kosasthalaiyar river otteri nullah lakes chembarambakkam lake chetput lake long tank manali lake porur lake red hills lake retteri veeranam 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arakkambakkam aranvoyal ashok nagar arakkonam arumbakkam avadi ayanambakkam ayapakkam ayathur beemanthangal chembarambakkam choolaimedu egattur gerugambakkam govardhanagiri icf colony irungattukottai iyyapanthangal k. k. nagar kadambathur kadavur kakkalur kakkalur industrial estate kallikuppam karalapakkam karambakkam karayanchavadi kattupakkam kilkondaiyur koduvalli koladi kolapakkam konnur korattur kovur koyambedu kumananchavadi kundrathur kuthambakkam maduravoyal malayambakkam manapakkam manavala nagar melkondaiyur mettu kandigai mgr nagar mogappair morai moulivakkam mugalivakkam muthapudupet nandambakkam nandambakkam narasingapuram nazarathpettai nemam nemilichery nesapakkam nerkundram nolambur noombal oragadam padi pakkam pandeswaram pandur paraniputhur parivakkam paruthipattu pattabiram pattaravakkam perambakkam periyapanicheri perumalpattu poochi athipedu poonamallee poondi poonthandalam porur pudhur putlur ramapuram ramavaram sekkadu seneerkuppam sevvapet shenoy nagar 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