Excel Industries Ltd completes specialty chemical production project for long-term supply agreement
Excel Industries Limited has announced the successful completion of a dedicated project for producing specialty chemicals, fulfilling a commitment under a binding long-term supply agreement with a leading Indian specialty chemicals company.The initial term sheet was signed by Excel Industries on November 13, 2025. The deal covers the supply of a specific specialty chemical over a five-year period. The terms indicate an annual income net of Raw Material Costs ranging between Rs 35 crore and Rs 40 crore.
Excel Industries initially communicated that it would establish a dedicated setup for these supplies, estimating the capital expenditure (CAPEX) required at approximately Rs 40 crore. Furthermore, the company was expecting to receive a trade advance of Rs 25 crore from the customer.
The project has now been successfully completed on July 23, 2026, meeting all timelines agreed upon with the customer.
Commenting on this achievement, Mr. Ravi Ashwin Shroff, Managing Director, stated that the completion underscores the company's execution capabilities and commitment to meeting customer expectations. He added that the milestone will strengthen Excel Industries’ position as a reliable contract manufacturing partner and diversify the revenue base for the company.
Mr. Shroff also expressed hope that this success will open up more opportunities in the contract manufacturing segment for Excel Industries Ltd.
Excel Industries Limited is noted as a pioneer in India's indigenous chemical technologies and waste management practices. The company specializes in Agro Chemical Intermediates, Specialty Chemicals, Polymer Inputs, and Pharmaceutical API & Intermediates. It operates three state-of-the-art large scale manufacturing sites located in Roha, Lote, and Vishakhapatnam.
EXCELINDUS Stock Price Movement
Excel Industries Limited shares closed today after shedding ₹38.20 to settle at ₹914.35, representing a 4.03% decline in post-market trading. The stock saw a volume of 5,058 shares as it finished its trading session.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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