Contract Agreement Details
Aarti Industries Limited has entered into a 10+ year strategic and dedicated manufacturing & supply agreement with a leading global specialty chemical company. The agreement is with the domestic subsidiary of an international entity.
Key Contract Terms
- Duration: 10+ years
- Revenue Potential: Approximately ₹1,500 crores aggregate over the contract term
- Nature: Long-term supply agreement for specialty chemicals used in high-performance applications
- Manufacturing Arrangement: Aarti Industries will set up, commission, and operate a dedicated manufacturing facility based on the customer's proprietary process technology
Transaction Details
- Counterparty: Domestic subsidiary of an international global specialty chemical company (name not disclosed)
- Geographic Scope: Domestic
- Related Party Status: No interest from promoters/promoter group/group companies in the entity awarding the contract
- Arm's Length: The transaction does not qualify as a related party transaction and is conducted at arm's length