Excel Industries Completes Specialty Chemical Project on Schedule
Excel Industries Ltd has announced the successful completion of its dedicated production setup for specialty chemicals, as per a long-term supply agreement signed on November 13, 2025. The project, which involved a CAPEX of approximately ₹40 Cr and a trade advance of ₹25 Cr from the customer, was completed on July 23, 2026, meeting agreed timelines. This agreement is for a 5-year supply period with an indicated annual income net of raw material costs between ₹35-40 Cr. The company views this achievement as a testament to its execution capabilities and a step towards strengthening its position as a reliable contract manufacturing partner, potentially opening doors for more opportunities in this segment.
Key Highlights
- Specialty chemical production project completed on July 23, 2026.
- Project supports a 5-year supply agreement with estimated ₹35-40 Cr annual income.
- Involved CAPEX of ~₹40 Cr and received ₹25 Cr trade advance.
- Enhances Excel Industries' role as a contract manufacturing partner.
- Diversifies revenue base and aims for future contract manufacturing opportunities.
Price Impact
More from EXCELINDUS