Project Completion and Supply Agreement Details

Excel Industries Limited has successfully completed the project for production of specialty chemicals for supplies under a long-term supply agreement on 23rd July 2026, as per the timelines agreed with the customer.

The company had previously announced on 13th November 2025 the signing of a binding term sheet with a leading Indian specialty chemicals company for supply of a specialty chemical. The supply period is 5 years with indicated income net of Raw Material Costs of Rs 35–40 Crore per annum.

Capital Expenditure and Financing

  • The company commissioned a dedicated setup for effecting the supplies with an estimated CAPEX of approximately Rs 40 Crore
  • The company received a trade advance of Rs 25 Crore from the customer

Management Commentary

Mr. Ravi Ashwin Shroff, Managing Director, commented: "We are pleased to announce the successful completion of the project for production for supplies against the long term supply agreement on 23rd July 2026. The project has been completed as per the timelines agreed with the customer. This achievement underscores our execution abilities and our commitment towards fulfilling the customer expectations. This achievement will further strengthen our position as a reliable contract manufacturing partner, whilst diversifying our revenue base. We are hopeful that this will set the base for more opportunities for the company in the contract manufacturing space."

Company Background

Excel Industries Limited is a pioneer of India's indigenous chemical technologies and waste management practices and one of the oldest players in the domestic chemical manufacturing fraternity. The company specializes in Agro Chemical Intermediates, Specialty Chemicals, Polymer Inputs and Pharmaceutical API & Intermediates, with 3 state-of-the-art large scale manufacturing sites in Roha, Lote and Vishakhapatnam.

Safe Harbor Statement

The company included standard forward-looking statements disclaimer noting that actual results might differ substantially from expectations due to various risks including industry downtrend, political and economic changes, tax laws, litigation, exchange rate fluctuations, technological changes, and other factors.