Aarti Industries enters into a Rs 10000 cr multi-year contract

For supply of high value speciality chemical intermediate

Aarti Industries has entered into a Rs 10000 crore multi-year contract with gobal chemical company for supply of high value speciality chemical intermediate over a period of 20 years.

The Company would be investing $35-$40 million in setting up dedicated large scale manufacturing facility for production of this speciality chemical intermediate. The upcoming facility will be a 100% export oriented unit in state of Gujarat. As part of the contract, the customer will provide $42 million as an advance to Aarti Industries in instalments, which shall be adjusted against the supplies in future.

 

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