Excel Industries has signed a binding term sheet with a leading Indian specialty chemicals company for the supply of a Specialty Chemical. The supply period as per the term sheet is 5 years. The projected revenue generation (from Jobwork Charges) for the company is Rs 35 - 40 crore per annum.
The company will be commissioning a dedicated line for effecting the above supplies. The plant is expected to be commissioned in June 2026. The estimated CAPEX for the project is around Rs 40 crore. The company will receive Rs 25 crore as trade advance from the customer.
Excel Industries is engaged in manufacturing of Agrochemical intermediates, phosphates, speciality chemicals, biocides and pharma products.