Aarti Industries (AIL) has signed a long-term agreement with a multinational conglomerate for the supply of a niche speciality chemical. The agreement spans four years and is expected to bring in revenue of over Rs 6000 crore for AIL.
The customer is part of a multinational conglomerate with diverse business interests, and AIL has had a strong and enduring relationship with them, having supplied the product for the last five years. The product plays a crucial role in AIL's long-term growth strategy, with its volume steadily increasing over the past 4-5 years.
AIL's existing capital expenditure programs are sufficient to meet the requirements of the contract, eliminating the need for additional capital expenditure.
Rajendra V. Gogri, chairman & managing director at Aarti Industries, expressed delight in announcing the successful execution of a new contract for the supply of a niche specialty chemical. Despite the global macro-economic challenges, this achievement demonstrates the company's strong expertise in diverse chemistries. Gogri emphasized AIL's commitment to leveraging its expertise, focusing on innovation, research and development, and maintaining a steadfast commitment to sustainability to forge further partnerships in the future.
Aarti Industries is a globally benzene-based speciality chemical company. It maintains a de-risked portfolio with a wide range of products and customers across 60 countries.