Advance Agrolife Limited Receives Letter of Intent for Agrochemical Supply from National Fertilizers Limited
Advance Agrolife Limited announced on April 11, 2026, that it received a Letter of Intent (LOI) from National Fertilizers Limited (NFL) concerning the supply of agrochemicals.The LOI was received on April 10, 2026, following Tender No. NFL/CO/Mking-D/AC/Kh-2026/09 dated January 28, 2026.
The agreement details specify a broad commercial consideration of INR 30,37,91,000/- (Thirty Crore thirty-sevel Lakhs Ninety-one thousand only).
Key Details of the Order/Contract
The terms outlined in the Letter of Intent indicate the following aspects of the potential contract for the supply of various agrochemicals to NFL's marketing territory:| Particular | Detail |
|---|---|
| Entity Awarding the Order | National Fertilizers Limited |
| Contract Value | Rs. 30,37,91,000.00 |
| Security Deposit | 5% of the Contract Value |
| Payment Terms | 90 Days from the date Invoice |
| Nature of Supply | Supply of Agrochemicals to NFL's marketing territory |
| Counterparty Type | Domestic Entity |
| Contract Period Ends | 30.9.2026 |
The transaction is noted as being with a domestic entity, and the contract duration is set to end on September 30, 2026. Furthermore, the company reported that neither the promoter group nor the order/contract fall within related party transactions.
ADVANCE Stock Price Movement
On Friday, Advance Agrolife Limited shares edged higher, closing at ₹107.41 after gaining 6.57% on the session. The stock finished with a total traded volume of 537,266 shares.Source:
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