Aarti Industries Limited secures a 4-year supply contract worth over Rs. 6000 crores with a multinational conglomerate company

Date:01-18-2024

Aarti Industries Limited (AIL) announces the signing of a long-term agreement with a multinational conglomerate for supply of a niche speciality chemical. The contract entails supply over a period of four years and is anticipated to generate revenue of over Rs. 6000 crores for the Company. 

The customer is a part of a multinational conglomerate having diversified business interests. AIL has established robust relationships with this customer and has been supplying the said product for the past five years. While the association has developed over the years, this contract serves to reinforce and deepen the relationship over a medium to long-term duration. The product has been an integral part to AIL's long-term growth strategy, and its volume has consistently increased over the past 4-5 years. AIL's ongoing capital expenditure programs will meet the contract requirements, and hence, AIL does not anticipate any additional capital expenditure for this contract. 

Commenting on this development, Mr. Rajendra V. Gogri, Chairman & Managing Director at Aarti Industries Limited said, ″We are pleased to announce the successful execution of yet another contract for supply of a niche specialty chemical. This demonstrates our manufacturing excellence and proficiency across a diverse array of products and chemistries. We look forward to this alliance, further deepening our relationship and broadening our presence in the industry.

As a responsible leading global specialty chemical player, this contract showcases AIL’s future ready capabilities and ability to transform current relationships into more enduring, long-term partnerships. The contract comes despite macro-economic challenges the world is facing today which stands as a testament to our robust and innate expertise in diverse chemistries. AIL will continue to leverage its expertise with strong emphasis on innovation & R&D, along with unwavering commitment to sustainability, to establish additional partnerships in the future.″