Tanfac Industries Ltd enters into Long Term Agreement with Blue Star Ltd for Supply of Fluorinated Product

Tanfac Industries Limited (BSE: 506854), a leading producer of Hydrofluoric Acid and its derivatives, is pleased to announce that it has signed an agreement with Blue Star Limited, one of India's leading airconditioning and commercial refrigeration company for entering into a Long-Term Contract for supply of fluorinated product. The agreement provides broad framework for supply of fluorinated product from 1st January 2027 and provides long term, sustained visibility.

This marks the second consecutive long-term contract secured by the Company from its key customers within a short span of time, underscoring Tanfac's growing global acceptance, strong technical capabilities, consistent quality standards and reliable execution track record. The repeat success in winning long-term business from leading companies reflects the Company's increasing strategic relevance in the fluorochemicals value chain and its ability to meet stringent global customer requirements.

This contract strengthens the Company's domestic portfolio, enhances earnings predictability, and reinforces its position as a reliable supplier in the global fluorinated product market.

Commenting on the proposed project, Mr Afzal Malkani, Managing Director, said: "This agreement represents a significant step in deepening our engagement with key customers and reflects the confidence placed in our manufacturing capabilities and quality standards. The agreement reflects growing global acceptance of our technical capabilities and reliability with our key customers providing revenue stability and aligns with our strategy of expanding value added downstream fluorinated product portfolio and building durable relationships with key customers."

Source : Equity Bulls

Keywords

TanfacIndustries LongTermAgreement BlueStar FluorinatedProduct