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Aimco Pesticides signs contract with Indian agrochemical major

08 Apr 2021 Evaluate

Aimco Pesticides has executed a 3 year contract manufacturing agreement for one of its existing product with an Indian agrochemical major (hereinafter referred as Customer).

The contract entails a 3-year supply agreement with the Customer commencing 1st April 2021, for one of the company’s existing Technical product. The company expects production to fully-stabilize by June 2021, during which production will ramp-up to the desired levels. Over the tenure of the contract, the company expects to generate revenues of approximately Rs 225-250 crore. The company has already incurred a capital outlay of Rs 5 crore and further investment of Rs 10 crore in plant & machinery, debottlenecking, utility & safety, effluent treatment facility, and warehousing is expected in FY2021-22.

Aimco Pesticides Limited manufactures a large array of high quality technical grade pesticides, fungicides, herbicides and other chemicals that aids the cultivator to attain the optimum farm yields them so desires.

Aimco Pesticide Share Price

51.92 1.19 (2.35%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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