Yasho Industries Ltd signs 15-year long-term agreement with global MNC for supply of lubricant additive

Yasho Industries Limited (BSE: 541167 |NSE: YASHO | ISIN: INE616Z01012) a manufacturer & supplier of specialty chemicals, has announced that the Company has signed a long-term agreement for a period of 15 years with a global MNC for the supply of a lubricant additive. The company shall receive an advance to build the facility.

This material will be supplied from our Pakhajan facility for a period of 15 years. The sales price will be based on an agreed upon formula with our customer. We will be setting up the facility to build the plant in the next 12 to 18 months. We expect supply to start sometime by Q4 FY 27.

Commenting on the signing of the contract, Mr Parag Jhaveri, Managing Director & CEO of Yasho Industries Limited said that, "The execution of this agreement marks a significant milestone for our Company. It underscores the confidence that global customers place in our capabilities, reliability, and quality standards. With this partnership, we are strengthening our growth pipeline and securing long-term business visibility and sustainability."

Shares of Yasho Industries Ltd was last trading in BSE at Rs. 1873.55 as compared to the previous close of Rs. 1778.10. The total number of shares traded during the day was 4870 in over 999 trades.

The stock hit an intraday high of Rs. 1916.65 and intraday low of 1780.00. The net turnover during the day was Rs. 9119780.00.

Source : Equity Bulls

Keywords

YashoIndustries INE616Z01012 SpecialtyChemicals 15Years LongTerm Agreement GlobalMNC