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Aarti Industries Ltd.

BSE: 524208 Sector: Industrials
NSE: AARTIIND ISIN Code: INE769A01020
BSE LIVE 15:44 | 18 Dec 975.65 27.00
(2.85%)
OPEN

950.00

HIGH

980.00

LOW

911.60

NSE 15:29 | 18 Dec 973.75 26.10
(2.75%)
OPEN

951.00

HIGH

979.70

LOW

909.95

OPEN 950.00
PREVIOUS CLOSE 948.65
VOLUME 15944
52-Week high 1024.95
52-Week low 672.00
P/E 27.65
Mkt Cap.(Rs cr) 8,012
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 950.00
CLOSE 948.65
VOLUME 15944
52-Week high 1024.95
52-Week low 672.00
P/E 27.65
Mkt Cap.(Rs cr) 8,012
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Aarti Industries Ltd. (AARTIIND) - Company History

Aarti Industries Ltd is an India-based company. The company is engaged in manufacturing of dyes, pigments, pharmaceuticals, agrochemicals and rubber chemicals. They primarily produce Benzene-based basic and intermediate chemicals in India. Their subsidiaries include Aarti Corporate Services Ltd, Aarti Healthcare Ltd and Alchemie Europe Ltd. They are having 16 manufacturing units spread across Gujarat and Maharashtra and also have a research and development facility. They operate in United States of America, Europe, Japan and India. They are having their corporate office in Mumbai & representatives in USA & Europe. The company operates in four segments, namely Basic Chemicals, Specialty Chemicals, Agro Chemicals and Pharmaceuticals. The company's products include para nitro chloro benzene (PNCB), ortho nitro chloro benzene (ONCB), para dichloro benzene (PDCB), ortho dichloro benzene (ODCB), nitro benzene, alkylated anilines and toluidines, chloro phenols, fluoro compounds and bulk drug intermediates. Aarti Industries Ltd was incorporated on September 28, 1984 as Aarti Organics Ltd. The company was promoted by Chandrakant V Gogri and Associates. In the year 1986, the company commenced commercial operations at Sarigam. In the year 1990, the company expanded the capacity of PNCB/ONCB (organics division) from 1200 TPA to 4500 TPA. During the year 1994-95, they further expanded their organics division in four phases. Also, the name of the company changed to Aarti Industries Ltd. During the year 1998-99, the company enhanced the installed capacity of PNCB/ONCB from 15,000 TPA to 22,000 TPA. During the year 1999-2000, they further increased their capacity to 30,000 TPA. In the year 2001, the company commissioned manufacturing operations at their new unit at Bharuch. They set up two R&D Centres, one at Turbhe and the other at Vapi, Gujarat. During the year 2001-02, Alchemie Organics Ltd was amalgamated with the company with effect from April 1, 2002. During the year 2002-03, the company set up a plant for production of Single Super Phosphate at Vapi and commenced commercial production. Also, Sarigam and Vapi units were awarded ISO 9002 Certification during the year. During the year 2003-04, the company expanded their Vapi unit and started producing Sulphuric Acid. Also, they completed and commissioned the captive power plant with the capacity of 6 MW. During the year 2005-06, the company increased the production capacity of Nitro Chloro Benzenes by 10000 MT to 60000 MT. Also, they increased the production capacity of Sulphuric Acid & Allied products by 50000 MT to 200000 MT. During the year 2006-07, the company started the Toll manufacturing of few products with applications in the specialty segments. During the year 2008-09, Surfactant Specialities Ltd and Avinash Drugs Ltd were amalgamated with the company with effect from April 1, 2008. During the year 2009-10, the company commissioned and commercialized the indigenously developed facilities for manufacturing Nitro Toluenes and its various Derivatives developed at its In-house R&D centre. They also got approval from US Food & Drug Administration for their units at Tarapur and Vapi for new range of API products. The company is in the process of commissioning their upgraded Hydrogenation Technology facilities, which would be put to commercial use during the year financial 2010-11. The company plans to increase their capacities and range of products to cater to the growing demand of the FMCG sector. They are in the process of setting up a new unit at Pithampur in Madhya Pradesh for manufacturing Surfactants, Personal Care and Oral care products.