Aarti Industries has reportedly diversified into toluene-based derivatives this year by setting up 30,000 tonne per annum (TPA) greenfield capacity at Jhagadia (Gujarat). The project, which is expected to commence operations in second half of FY17, will achieve capacity utlisation of 25-30 percent in FY17 and 70-80 percent in FY19. The company is expecting to generate revenues of Rs 350-400 crore over the next three-four years from the project.
The company has already commissioned an ethylation unit with capacity of 8000-10000 TPA capacity to manufacture ethylene derivatives at Dahej, which will receive input material from the toluene plant.
Aarti Industries is engaged in manufacturing of dyes, pigments, pharmaceuticals, agro chemicals and rubber chemicals. It operates in four segments: basic chemicals, specialty chemicals, agro chemicals and pharmaceuticals.