India’s Atul to complete expansion in 2008-09

25 July 2008 00:33  [Source: ICIS news]

NEW DELHI (ICIS news)--India’s Atul Limited plans to complete expansion of capacity for herbicide 2,4-D, reactive, sulphur and vat dyes, intermediates para-cresol and resorcinol, diamino diphenyl sulphone and certain other intermediates this fiscal year ending on 31 March 2009, the company said on Thursday.

Atul said it had completed expansion of specialty intermediates para anisyl alcohol and para anisic aldehyde. It did not specify the capacity data for expansions.

The company turned the corner with operating profit of Indian Rupees(Rs)202m ($4.8m) in first quarter (April-June) of financial year 2008-09, compared against operating loss of 36.8m in the corresponding period of previous year.

The company boosted net sales by 44% to Rs2.94bn from Rs2.04bn due to robust growth in exports and domestic sales.

Atul operates complexes at Atul and Ankleshwar in Gujarat State. It produces aromatics, agrochemicals, bulk chemicals & intermediates, dyes, pharmaceuticals & intermediates and polymers.

($1 = Rs42.14)

To discuss issues facing the chemical industry go to ICIS connect                                                                  

By: Naresh Minocha
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly