TANFAC Industries Seals Long-Term Supply Agreement with Blue Star Limited
TANFAC Industries Ltd., a joint sector company with TIDCO and Anupam Rasayan India Ltd., has finalized a long-term agreement for the supply of a key fluorinated product with M/s. Blue Star Limited. The agreement marks a significant supply contract, estimated to be worth around Rs. 61 crores per annum.The arrangement establishes a domestic, long-term supply partnership between the two entities. The agreement specifies the supply of the key fluorinated product according to agreed specifications and is structured for an indefinite period, including a mutual termination clause.
TANFAC Industries Ltd. confirmed that the agreement does not involve any promoter interest and does not fall under the category of related party transactions.
Key details of the agreement between TANFAC Industries Ltd. and Blue Star Limited are summarized below:
| Particulars | Details |
|---|---|
| Name of Counterparty | M/s. Blue Star Limited |
| Product | Key fluorinated product |
| Estimated Annual Value | Around Rs. 61 crores |
| Scope | Domestic |
| Term | Long-Term contract for indefinite period |
The agreement highlights the continued operational focus of TANFAC Industries Ltd. at its facility located at 14, SIPCOT Industrial Complex, Cuddalore - 607 005, Tamil Nadu, India.
Stock Price Movement
TANFAC Industries Ltd. shares settled at ₹2519.90 at the close of trade on Tuesday, registering a gain of 0.86%. The stock fluctuated during the session, trading between a low of ₹2498.15 and reaching a high of ₹2555.00.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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