Chemical stock jumps 4% after it forms new JV for plastic recyclingChemical stock jumps 4% after it forms new JV for plastic recycling

Introduction:

Chemical stock has partnered with a recycling company to develop Plastic Materials Recycling Facilities (PMRFs) across India, promoting sustainable waste management. The initiative will enhance plastic resource recovery, aiming for a 500-ton daily capacity by 2030, with the first facility set up in Hyderabad.

Share Price movement of Aarti Industries:

On January 29, 2025, Aarti Industries Ltd opened at ₹412.00, up 0.39% from its previous close of ₹410.40. The stock reached a high of ₹428.90 (3.75%) and a low of ₹408.55. Currently, it is trading at ₹425.80, with a market cap of ₹15,441.54 crore.

Aarti Industries new joint venture:

Aarti Industries, through its subsidiary Aarti Circularity Limited (ACL), has partnered with Re Sustainability and Recycling Private Limited (ReSRL) to establish a joint venture aimed at developing Plastic Materials Recycling Facilities (PMRFs) across India. This initiative focuses on enhancing plastic resource recovery and promoting sustainable waste management.

The PMRFs will specialize in segregating, extracting, and recycling diverse waste streams to produce Advanced Circular Materials (ACM) used as raw materials, fuels, or recycled polymer feedstock. The collaboration aims to achieve a minimum resource recovery capacity of approximately 500 tons per day by 2030, leveraging cutting-edge technology to maximize circularity.

The first PMRF under this venture will be set up in Hyderabad, Telangana, pioneering advanced recycling infrastructure in the region. This partnership underscores a strong commitment to sustainability and innovation, with plans to engage leading technology partners to establish high-standard PMRFs, transforming India’s waste management landscape.

Also Read: Stocks To Watch For Budget 2025

Recent news About Aarti Industries :

On January 28, 2025, Aarti Industries announced acquiring a 26.25% stake in ProZeal Green Power Seven Pvt Ltd to develop a 9.24 MW solar plant. The SPV will generate power from H2/FY26, supporting cost reduction and sustainability initiatives.

Stock performance of Aarti Industries for Period of 1 week, 6 months and 1 year:

Over the past week, Aarti Industries’ stock declined by 6.91%, reflecting short-term market weakness. Over six months, the stock experienced a sharper drop of 44.4%, indicating sustained pressure. On a one-year basis, it has fallen 35.2%, highlighting ongoing challenges and investor concerns.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Aarti Industries:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	42.35	42.61	43.24
FII	7.25	9.68	10.61
DII	17.93	18.12	18.56
Retail & others	32.47	29.58	27.6

About Aarti Industries:

Aarti Industries (NSE: AARTIIND) is a leading Indian specialty chemicals company engaged in manufacturing and exporting high-value chemicals used in pharmaceuticals, agrochemicals, and polymers. With a strong global presence, it focuses on innovation, sustainability, and expanding its capabilities across diverse industrial applications.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.