Aarti Industries (AIL) has entered into Rs 4000 crore multi-year contract with a Global Agriculture Company for supply of a high value agrochemical intermediary. The contract entails supply of a high value agrochemical intermediary, for use in herbicides, over a 10 year period. The supplies are expected to commence from FY20 and would generate expected revenues of around Rs 4000 crore (around $620 million) over the contract term. The project will entail investment of about Rs 400 crore (around $62 million) by AIL. The end-use is amongst the major growth initiative of the Customer and around $1 billion is being invested for this project/initiative.
Aarti Industries (AIL) is one of the most competitive benzene-based speciality chemical companies in the world. It is a rare instance of a global speciality chemicals company that combines process chemistry competence (recipe focus) with scale-up engineering competence (asset utilization).
