Apar Industries Middle East to Supply Base Oils in Yanbu Following Strategic Agreement
Apar Industries Middle East Limited, the wholly owned subsidiary of Apar Industries Ltd., has signed an agreement with Saudi Aramco Base Oil Company (Luberef) to supply base oils within the LubeHub Value Park in Yanbu.The partnership is aimed at strengthening the downstream industrial ecosystem and enhancing local content within the region. The agreement enables APAR to produce its flagship transformer oils, along with a wide range of other specialty oils.
This strategic collaboration marks a significant step for Apar Industries in expanding its specialized offerings in the Middle East market.
APARINDS Stock Price Movement
Shares of Apar Industries Limited settled down today, losing 0.69% to close at ₹16168. The stock traded within a daily range of ₹16015 to ₹16375 and saw a total volume of 81,837 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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