Tamilnadu Petroproducts Ltd. (TPL), the interest rate for the second phase ending in September rose 83% to ₹ 45.20 crore.

The oil company, which owns a stake in AM International, Singapore, sent in from Rs 458 crore against ₹ 284 crore last year, it said.

The financial results show that the company’s business-oriented approach to savings is improving, said Ashwin Muthiah, vice chairman, TPL.

Sales volumes were approximately the same in the first and second divisions of available funds but due to inconsistencies in the value of the items, real estate prices were lower per quarter under review. On the other hand, retail prices have risen, resulting in EBIDTA less than 16%, said Muthukrishnan Ravi, CEO, division petrochemicals, AM International group.


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