"AM International eyes ₹2,000-crore growth in India alongside corporate institutionalisation."

AM International Holdings Pte. Ltd., the Singapore-based holding company of SPIC, Tamilnadu Petroproducts Ltd (TPL) and Manali Petroproducts Ltd (MPL), has outlined an investment plan of ₹2,000 crore for its India operations over the next 24 months, with a primary focus on the fertiliser and petrochemicals segments.

Founder and Chairman Ashwin Muthiah said the proposed investments would largely be directed towards brownfield expansion projects, with Thoothukudi accounting for the bulk of the capital outlay. Additional investments are planned at Manali near Chennai, within Chennai city, and in western India to support Manali Petroproducts’ growth initiatives.

The expansion is the scaling up of capacity at Tuticorin Alkali Chemicals and Fertilizers Ltd (TACFL), a leading soda ash manufacturer. The company plans to increase soda ash capacity from the current 75,000 tonnes per annum to 200,000 tonnes by November 2026.

The expansion is expected to strengthen downstream linkages across fertiliser, detergent and other industrial applications, further reinforcing the group’s presence in core chemical value chains, he added.