
Deals27 Dec 2023, 03:17 pm
Aarti Industries Limited Enters into Long-Term Supply Contract with Global Agrochem Major
AI Summary
Aarti Industries Limited (AIL) has entered into a 9-year long-term supply contract for the supply of a niche agrochemical intermediate with a global agrochemical products and solutions company. The contract offers AIL a revenue potential of approximately over Rs 3,000 crores over a period of 9 years, with the contract supplies commencing from current fiscal year. This product is an integral component of AIL’s existing integrated product portfolio, and the company does not anticipate any additional CAPEX for this.,
Key Highlights
- Enters into long-term supply contract with a global agrochem major
- Revenue potential of over Rs 3,000 crores over 9 years
- Existing integrated product portfolio
- No additional CAPEX required