 "Ester Industries surges 10% on pact with Shaw Industries Group, USA")
Ester Industries was locked in upper circuit of 10% at Rs 67.30 on BSE in otherwise weak market after the company announced that it has entered into long term agreement with Shaw Industries Group Inc, USA to supply circa 2,500 tonnes per annum of stain resistant master batch to world’s leading carpet manufacturer.
“The total size of this single order is estimated to be around Rs 900 million per year which is more than double the Company’s FY2017 speciality polymer revenues which amounted to Rs 430 million. The agreement is open ended with the first purchase order received and
“The total size of this single order is estimated to be around Rs 900 million per year which is more than double the Company’s FY2017 speciality polymer revenues which amounted to Rs 430 million. The agreement is open ended with the first purchase order received and
