TPL delivers 28% rise in Q4 sales

Chennai: Industrial chemicals manufacturing company, Tamilnadu Petroproducts Limited (TPL), has announced its annual audited results for the FY 2018-19, posting 15 per cent increase in sales for the year and 28 per cent during the last quarter vis-a-vis the corresponding periods in the previous year.

The Board of TPL has recommended a dividend of 10 per cent for the year 2018-19, up from five per cent in the previous year; an increase of 100 per cent.

The firm, in a release said retired IAS officer Debendranath Sarangi, former Tamilnadu government Chief Secretary, has joined the board as an independent director.

VC – TPL, Ashwin Muthiah, said, “TPL’s good performance has been due to our increased production capacity and productivity. The focus on LAB and chloralkali business has helped us serve our customer set in a profitable yet responsible manner. We remain committed to reduce our input costs and continue in our path to healthy financial and operational performance.”

NT Bureau