JBF Industries' step subsidiary JBF Petrochemicals has commissioned its Purified Terephthalic Acid (PTA) plant at Mangalore SEZ, Karnataka. Production of PTA is a backward integration for JBF Industries and its subsidiaries abroad, making the company self sufficient in meeting its PTA requirements.

The plant, with capacity of 1.25 million tonnes per annum, uses British Petroleum’s (BP) BP technology, known to be the most cost effective and highly environment friendly. This is the world’s largest single reactor train PTA plant.

Pursuant to the initial run, the company is planning to take routine checks and remove deficiencies, based on technical guidelines, for sustainable satisfactory technical performance. This new plant will increase the competitiveness of the company in the Polyester chain and is expected improve margins.

Shares of the company gained Rs 6.65, or 2.44%, to trade at Rs 279.75. The total volume of shares traded was 27,864 at the BSE (1.07 p.m., Friday).