Advance Agrolife Secures Major ₹30.38 Crore Order from National Fertilizers Limited

Advance Agrolife Limited (NSE/BSE: ADVANCE), a prominent player in the agricultural solutions sector, has announced a significant milestone in its growth journey. The company has officially received a Letter of Intent (LOI) from the state-owned National Fertilizers Limited (NFL) for the supply of various agrochemicals across India.

The contract, valued at approximately ₹30,37,91,000 (Thirty Crore Thirty-Seven Lakhs Ninety-One Thousand), marks a substantial win for the Jaipur-based firm. The order was secured following a competitive tender process initiated by NFL earlier this year.

According to the regulatory filing made by Company Secretary Nisha Gupta, the supply of agrochemicals will be distributed across NFL's extensive marketing territories. The execution of this contract is slated to be completed by September 30, 2026. Key financial terms include a security deposit of 5% of the contract value and a 90-day payment cycle from the date of invoice.

This development underscores Advance Agrolife's strengthening position in the domestic market and its ability to meet the rigorous supply chain demands of large-scale public sector enterprises.

Shares of Advance Agrolife Limited was last trading in BSE at Rs. 107.97 as compared to the previous close of Rs. 100.22. The total number of shares traded during the day was 22646 in over 182 trades.

The stock hit an intraday high of Rs. 108.25 and intraday low of 102.00. The net turnover during the day was Rs. 2432591.00.

Source : Equity Bulls

Keywords

AdvanceAgrolife INE1B0W01010 Pesticides Agrochemicals LOI OrderWin NFL