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.
