India’s largest polystyrene manufacturer - Supreme Petrochem Ltd (SPL) has reported a Net profit of 87.69 crores for the year ended June 30, 2011, as compared to 60.47 crores for 2010. Net revenues for the year 2010-11 stood at 1943.49 crores as compared to 1611.84 crores in the preceding year. The Board of Directors have recommended a Dividend of 2.80 per equity share of 10 each for the year 2010-11. Capex of 91 crores incurred in 2010-11. Capex of 84 crores is planned in 2011-12.
The Specialty Polystyrene compounding capacity has been increased to 30000 tpa. Trial runs have commenced for Expandable Polystyrene (EPS) project including Cup Grade EPS with total capacity of 44400 TPA at the existing plant site in Amdoshi, Maharashtra.