Focus on SPIC’s results, fund-raising plans

The board of Southern Petrochemical Industries Corporation (SPIC) will meet on Thursday for considering the audited accounts of the company and also raising funds via a debt issue. Investors will closely monitor the quantum of funds that the Tamil Nadu-based company plans to raise and also the mode (such as warrants or NCDs). For the quarter ended December 2016, the company had reported a profit of ₹3.94 crore on revenues of ₹431.52 crore.