The Andhra Petrochemicals Limited achieves a capacity utilization of 113%
- Journalist: Jaideep
The company witnessed a revenue growth of 28.5% and a capacity utilization 113%. The revenue growth and capacity utilization can be attributed to the improvement in product prices and a strong demand in the country. Several factors like availability of feedstock, good market prices and moderation in imports has also contributed to the robust growth in capacity utilization which was 104% in the previous year. This trend in capacity utilization is anticipated to continue in 2020 as well.
Andhra Petrochemicals is the sole manufacturer of oxo-alcohols in India with a capacity of 73,000 tons per year.