 "Aarti Industries starts commercial production at ethylation unit")
Shares of Aarti Industries have rallied 8 per cent to Rs 1,418 apiece on the BSE in intra-day trade after the company announced that they have signed a $125 million (Rs 900 crore) supply contract with a leading global chemical conglomerate.
The contract entails the supply of a high-value specialty chemical intermediate for a period of 10 years. The plant is expected to commission in Q4 FY2021, with average annual revenue of $ 12.5 million.
“The company estimates a capital investment of approx $ 15 million (Rs 106 crore at exchange rate of Rs 70.95) to setup a
The contract entails the supply of a high-value specialty chemical intermediate for a period of 10 years. The plant is expected to commission in Q4 FY2021, with average annual revenue of $ 12.5 million.
“The company estimates a capital investment of approx $ 15 million (Rs 106 crore at exchange rate of Rs 70.95) to setup a
