TANFAC Industries Secures Five-Year Memorandum of Understanding for Rs. 1,250 Crores Supply Deal
TANFAC Industries Ltd., a joint sector company with TIDCO and Anupam Rasayan India Ltd., has entered into a Memorandum of Understanding (MoU) with a large multinational company. The agreement pertains to the supply of fluorinated products and carries an estimated total value of Rs. 1,250 crores over a five-year period.The MoU solidifies a significant business relationship, committing TANFAC Industries to supply 5,000 MT per annum of its key fluorinated product to the multinational partner.
The key terms and commercial details of the MoU are outlined as follows:
| Particulars | Description |
|---|---|
| Partner Entity | A large multinational company |
| Product Supplied | Fluorinated product |
| Annual Volume | 5,000 MT |
| Transaction Value | Estimated value of Rs. 1,250 crores (exclusive of GST) |
| Timeline | Five years, starting from January 1, 2027 |
| Transaction Scope | Both exports and domestic supply |
Regarding the structure of the deal, the company confirmed that the MoU does not involve any interest from the promoter or promoter group, nor does it fall under related party transactions.
TANFAC Industries Ltd. is operating out of its facility at 14, SIPCOT Industrial Complex, Cuddalore - 607 005, Tamil Nadu, India.
Stock Price Movement
As of 09:54, TANFAC Industries Ltd. shares are ticking up, trading at ₹2379.00, which represents a 6.42% gain. Throughout the morning, the stock found itself navigating a range between ₹2230.10 and ₹2409.00.Source:
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