Aarti Industries Signs Rs 4,000 Crore Deal with Global Agriculture Company
DSIJ Intelligence / 15 Jun 2017
Aarti Industries Limited (AIL) is a manufacturer of specialty chemicals and pharmaceuticals. The company is also engaged in the manufacture of home and personal care products.
Aarti Industries Limited (AIL) is a manufacturer of specialty chemicals and pharmaceuticals. The company is also engaged in the manufacture of home and personal care products. It informed the bourses on Thursday, that it has signed a Rs 4,000 crore multi-year deal with a global agriculture company to supply a high-value agro-chemical intermediary.
According to a BSE filing,the contract entails supply of a high-value agro-chemical intermediary, for use in herbicides, over a 10-year period. AIL will invest about Rs 400 crore in the project.
Mean while, at Rs 933.90 per share at 1229 hours IST on BSE, the stock was trading higher by 6.3%. It hit a high of Rs 1,024.95 and a low of Rs 874.40 so far during the day. The market capitalisation of the company is Rs 7,678.26 crore.
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