₹900-crore order may boost Aarti Industries

Updated - February 21, 2019 at 05:30 AM.

 

Aarti lndustries, on Wednesday, said it has bagged a $125-million (₹900-crore) contract from a global firm to supply a high-value specialty chemical intermediate for 10 years. It estimates an investment of about $15 million to set up a commercial scale manufacturing facility (in Gujarat) for the intermediate production that is not part of the existing product range. The plant is expected to be commissioned in Q4 of FY21, with an average annual revenue of $12.5 million.

Published on February 21, 2019 00:00