Aarti Industries rises on receiving nod to set up new R&D, Innovation facility in Gujarat

11 Apr 2017 Evaluate

Aarti Industries is currently trading at Rs. 789.50, up by 10.80 points or 1.39% from its previous closing of Rs. 778.70 on the BSE.

The scrip opened at Rs. 788.70 and has touched a high and low of Rs. 796.00 and Rs. 787.20 respectively.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 809.00 on 28-Mar-2017 and a 52 week low of Rs. 480.10 on 06-Jun-2016.

Last one week high and low of the scrip stood at Rs. 802.00 and Rs. 770.10 respectively. The current market cap of the company is Rs. 6,483.00 crore.

The promoters holding in the company stood at 54.55%, while Institutions and Non-Institutions held 15.75% and 29.69% respectively.

Aarti Industries has received an approval of an investment of Rs 75 crore to set up a world class R&D, scale-up and innovation complex at Jhagadia, Gujarat spread over 50,000 square feet and equipped with the state-of-the-art equipment and analytical tools. The board of directors at its meeting held on April 10, 2017 has approved for the same.

The new complex would comprise an R&D centre, a scale-up facility consisting of a kilo-lab and a pilot plant, an innovation center, dedicated labs for process safety, effluent treatment, etc. It will house over 150 scientists and engineers responsible for researching and developing breakthrough innovations, as well as for commercial scale up of various Speciality Chemicals.

Aarti Industries (AIL) is one of the most competitive benzene-based speciality chemical companies in the world. It is a rare instance of a global speciality chemicals company that combines process chemistry competence (recipe focus) with scale-up engineering competence (asset utilization).


Aarti Inds Share Price

664.90 7.70 (1.17%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Tata Chemicals 1080.60
SRF 2557.55
Pidilite Inds. 3024.00
Aarti Inds 664.90
Gujarat Fluorochemic 3097.40
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