RIL 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 PTA plants had been shut for a brief period owing to increased water salinity.

RIL had ensured that 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.

“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.” - said the spokesperson of Reliance Industries. 

Reliance Industries shut shop on Friday at 959.65 up by 0.36 percent on Friday. Over a period of 1 year the stock is up by almost 7 percent. Its 52 week high is at 1089 and its 52 w low is at 818. The stock at Rs. 960 levels is trading slightly below its 200 days simple moving average (SMA) indicating the stock is near its resistance level. Traders usually wait to enter the stock for it to break the resistance level.