Aarti Industries (AIL), a leading manufacturer and exporter of Chemicals and Pharmaceuticals, has received notice from Gujarat Pollution Control Board (GPCB) for closure of manufacturing activities at two of the various plant locations at Vapi, viz. Alchemie Organic Division and Aarti Fertilizers divisions, from 1st January, 2014.
The respective divisions of the Company have started taking necessary measures to meet the relevant requirements for applicability of guidelines issued in this regard during January, 2014. The said plants annually contribute around 15% of the Operating profit of the Company and would, thus, have an impact on the volumes and profitability of the Company for the quarter ending March, 2014.
The Company would make necessary applications to GPCB for revocation/withdrawal of the said orders in order to resume manufacturing operations as soon as possible.