Aarti Industries has signed a multi-year exclusive supply contract, with a leading global chemical conglomerate.

The company stated, “This contract entails supply of a high value speciality chemical intermediate over a period of 20 years.” Further it stated that, the supply is expected to start from 2020 and will generate a revenue of approx Rs.10,000 crore over the contact period.

As per Rajendra Gogri, Vice Chairman & MD, Aarti Industries, “The order is from existing client but for a new product and the company will receive USD 42 million in advance from the client.”

Furthermore, the advance received will be utilized for reducing the net capital employed, enabling higher return on capital employed for this project.

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