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Aarti Industries to invest in capex plan

Thursday, 18 Apr 2013

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Aarti Industries, a Mumbai-based diversified chemicals player is planning to invest Rs 100 crore during 2013-14.

Aarti Industries will invest Rs 100 crore towards capacity expansion in pharma, agrochemicals and performance chemicals. The capex plan will involve expansion of its existing nitroaromatics manufacturing facility at Jhagadia near Bharuch in Gujarat.

Meanwhile, as a part of capex programme, the company plans construct fertiliser manufacturing facility at Jhagadia in Bharuch district of Gujarat. The project estimated to cost around Rs 35 crore will have a capacity of 200,000 tpa of single super phosphate fertiliser. The project will be funded through internal accruals and debt. The project is expected to be commissioned by the end of the financial year 2013-14.

Also, the company plans to set up other project in Maharashtra.