Aarti Industries inks Rs 4,000 crore multi-year deal

15 Jun 2017 Evaluate

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).

Aarti Inds Share Price

753.70 5.90 (0.79%)
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Tata Chemicals 1114.90
SRF 2632.75
Pidilite Inds. 2918.00
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Gujarat Fluorochemic 3666.00
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