Stock Report

Excel Industries Ltd enters Long-term Supply Arrangement with an Indian Specialty Chemicals Company

Posted On : 2025-11-14 08:07:25( TIMEZONE : IST )

Excel Industries Limited, a pioneer in indigenous chemical technology and a leading specialty chemicals producer, is pleased to announce the signing of a binding term sheet with a leading Indian specialty chemicals company for the supply of a Specialty Chemical. The supply period as per the term sheet is 5 years. The projected revenue generation (from Jobwork Charges) for the company is Rs 35 - 40 Cr p.a.

The company will be commissioning a dedicated line for effecting the above supplies. The plant is expected to be commissioned in June 2026. The estimated CAPEX for the project is ~ Rs 40 Cr.

The company will receive Rs 25 Cr as trade advance from the customer.

Commenting on this development, Mr. Ravi Ashwin Shroff - Managing Director said, "We are pleased to announce a long-term supply arrangement with a leading Indian specialty chemicals company. This arrangement is a testament to our dedication to excellence and our ability to deliver high-quality products that meet the specifications and performance requirements of the customer, in a reliable manner. This arrangement will leverage the customer's market access for the downstream end product and Excel's strengths in its core areas to deliver a win - win for both organizations. For our company , this is a significant step towards strengthening our presence in Contract Manufacturing as well as diversifying the market base for our end products. Also, It is in line with our objective to reduce out dependence on the agrochemical sector."

Shares of Excel Industries Limited was last trading in BSE at Rs. 994.50 as compared to the previous close of Rs. 994.45. The total number of shares traded during the day was 663 in over 65 trades.

The stock hit an intraday high of Rs. 1014.35 and intraday low of 990.00. The net turnover during the day was Rs. 664040.00.