Mukesh Ambani-led Reliance Industries Ltd (RIL) said on Friday that it has restarted its purified terephthalic acid (PTA) plants, and is ramping up production to full capacity at Dahej.
“Reliance Industries Limited (RIL) has restarted its purified terephthalic acid (PTA) plants, and is ramping up production to full capacity at Dahej,” the company said in a filing to the Bombay Stock Exchange on June 03, 2016.
Earlier, the company said that due to lower release of dam water and the significantly increased salinity of water supply to the company’s Dahej manufacturing complex (District Bharuch, Gujarat), there is shortage of the right quality of industrial water at Dahej complex. As a result, RIL is running on reduced capacity in some of the plants and has temporarily shut down its PTA and PET plants.
RIL ensured PTA supplies to downstream customers from its Hazira and Patalganga plants during the brief shutdown at Dahej.
Now, the customers will be getting PTA from all three locations, the company said in a statement.
Commenting on the development, RIL, Spokesperson said, “RIL has a total PTA capacity of 4.2 million tonnes per year. In India, the current total PTA capacity, including that of RIL, is 6 million tonnes. Another 1.2 million tonnes of PTA capacity will be added in the current year itself. However, the total PTA demand in India is around 5 million tonnes. Therefore, the surplus PTA is being exported as India has sufficient PTA to meet the requirements of its polyester industry.”
Meanwhile, shares of the company closed at Rs 957.95 apiece, up 0.20 per cent, from previous close on BSE.