Deepak Fertilisers and Petrochemicals Corporation (DFPCL) has signed a long-term binding contract with Aarti Industries (AIL) for offtake and supply of Nitric Acid, valued at over Rs 8,000 crore. The agreement is expected to be executed before the close of this calendar year. The supply arrangement will come into effect from April 1, 2023.
The binding term sheet, signed between Deepak Fertilisers and Petrochemicals Corporation and Aarti Industries, for a 20-year period will provide specific volume commitments with supply-or-pay, take-or-pay obligations by either companies, thereby providing adequate assurance, financial security and protecting commercial interests of both DFPCL and AIL.
Deepak Fertilisers and Petrochemicals Corporation (DFPCL) is among India’s leading producers of fertilisers and industrial chemicals.
